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ICLN: Increased Attractivity Fueled By Revised Benchmark Index Composition


  • Benchmark index composition was updated in mid-April 2021.
  • Revised index offers broader diversification.
  • Significant exposure to hydrogen trend and "traditional" renewables at the same time.

Luftaufnahme von Windkraftanlagen und Landwirtschaftsfeld
Photo by kamisoka/E+ via Getty Images

The benchmark index of the iShares Global Clean Energy ETF (NASDAQ:ICLN) has changed its composition as of April 19, 2021. It now comprises a total of 83 positions (previously 31) and is more broadly diversified with 21

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Analyst’s Disclosure: I am/we are long ICLN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (6)

Great article! Here in southern Brazil the solar power revolution is underway. Currently, it is possible to reduce one's electricity bill by 50% with the technology, and bank loans for buying the hardware are amongst the cheapest available. I took out a loan at 2% APR which is almost unheard of here. Every week I notice more and more properties with newly installed solar panels. Our region has been for decades powered by 100% hydropower energy, and now we are adding loads of solar energy to the grid, which has been creating many relatively well paid jobs in our mostly agricultural region. From a technical analysis standpoint, now that ICLN has fallen below its trendline support at around $23, anyone here with thoughtful opinions of when we might start seeing a sustainable uptrend? I've been cautiously accumulating as I believed we had bottomed, fingers crossed it happens soon.
Good but all clean energy ETFs undergoing a correction as most stocks of the sector are clearly overvalued, if you are not in just wait a little more. Companies in the sector are large assets companies, take time and capital to grow.
Arenberg Equity Research profile picture
@Russom For sure! Renewables are there to build generational wealth if you have the time. I touched the correction in my analysis, which is still ongoing, only briefly as this was not its main focus. I am bullish for this ETF/sector in the long-run as it should be a given that we will see further acceleration through political decisions driven by societal consensus to pamper clean energy production against the background of further natural disasters (drought, floods, desertification, etc.).
Excellent data and commentary.
Got in around $8/share. Would like them to shed some of their PLUG holdings but can't be mad at ICLN.
Dollar.Bill profile picture
I like the increased diversification! It makes the ETF much more appealing.
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