Is iShares Global clean energy a good investment? Overall, it’s had a terrible 12 months and a poor start to 2022. Since last February, the fund’s price is down by around 35% and year-to-date it has fallen by just over 13%.
What does iShares Global Clean Energy do? The iShares Global Clean Energy ETF (ICLN) seeks to track the investment results of an index composed of global equities in the clean energy sector.
Is iShares Global Clean Energy overvalued? Many firms in the clean energy ETF ICLN are overvalued with overseas manufactures being the few remaining value opportunities. While green energy is the future, this growth appears to be more than priced into most of the top stocks in ICLN.
What companies are in iShares Global Clean Energy? The ETF held 33 companies at the end of March, with big positions in Plug Power (US:PLUG), Enphase Energy (US:ENPH), Siemens Gamesa (SPAIN:SGRE), Verbund (AUS:VIE) and Vestas Wind Systems (DEN:VWS).