Clean energy ETFs have done something in 2026 that most investors stopped expecting after the brutal 2022 to 2024 stretch: they have led the market.
I reiterate a buy rating on iShares Global Clean Energy ETF after a 10% pullback, viewing it as a buying opportunity. ICLN has delivered a 29% YTD return, outperforming the S&P 500, fueled by AI momentum and high global oil & gas prices. Valuation is now at 25.7x P/E with a 9.1% long-term EPS growth rate, but technicals and momentum remain strong.
A $10,000 position in the iShares Global Clean Energy ETF (NASDAQ:ICLN) on the last trading day of 2025 is worth about $14,455 as of Tuesday's close, with shares moving from $16 to $24 in five months.
ICLN, QCLN, ACES and TAN gain attention as low-emission power growth outpaces global electricity supply growth.
Clean energy funds spent two years absorbing damage from rising rates, expiring incentives, and policy whiplash.
ICLN hits a 52-week high, surging 74.87% from its low as rising oil prices and energy security fears boost clean energy momentum.
iShares Global Clean Energy ETF (NYSEARCA:ICLN) surged 47% in 2025, but that rally has stalled.
Middle East tensions are pushing oil prices higher, fueling a surge in clean energy ETFs as investors eye long-term growth opportunities.
I downgrade iShares Global Clean Energy ETF (ICLN) to HOLD after a >50% rally and U.S. policy headwinds. ICLN faces significant regulatory risk following an $83B U.S. clean energy loan rollback and repeal of the EPA Endangerment Finding. International diversification and ongoing global monetary easing partially offset U.S. policy risks, but entry point is now less attractive.
iShares Global Clean Energy ETF had a strong 2025, as it surged 44%, outperforming the S&P 500 and highlighting sector momentum. Supporting its rise was clean energy production growth that outpaced demand by 7% in H1 2025, with China's policy-driven solar uptick leading the expansion. Nuclear energy revival, backed by U.S. policy and AI-driven electricity demand, adds a new growth vector for the sector.
The AI boom created an unexpected problem: insufficient electricity for data centers.
iShares Global Clean Energy ETF is reaffirmed as a buy, with strong outperformance versus global equities and a compelling valuation. ICLN offers diversified exposure to global clean energy equities, with a reasonable 18.6x P/E, high 16.9% earnings growth, and a PEG just above one. Technical momentum is robust, with a bullish long-term trend, rising 200-day moving average, and key support near $15.50.