ICLN ETF

The energy sector is rapidly evolving, driven by the relentless expansion of energy-hungry data centers and the accelerating adoption of electric vehicles (EVs). These technological advancements fuel an unprecedented surge in energy demand, creating a pressing need for cleaner and more sustainable energy sources.

The "misery index" shows that Americans are less dissatisfied with the sitting party. This should help Harris secure a victory in this presidential election.

Despite many governments and activists worldwide stating that renewable energy is the future, several companies that have invested in the industry have started to struggle. This has culminated in a few renewable energy stocks to sell to avoid portfolio losses.

ICLN: Avoid In The Election Run Up

The First Trust NASDAQ Clean Edge Green Energy ETF covers a broad range of renewable energy themes, while the iShares Global Clean Energy ETF focuses on growing international investments in renewable power generation.

Treasury Secretary Janet Yellen is headed to China on Wednesday, a week after calling out the country's ramped-up production in solar energy, electric vehicles and other goods.

While the start of 2023 promised great returns for investments in renewable energy stocks, its end disappointed many. The plunge was deep enough to be called a renewables bubble, especially in Europe.

iShares Global Clean Energy ETF has underperformed its peers and is down 70% since its inception. The index construction of ICLN includes emerging market utilities, adding regulatory, political, and currency risk. Despite the challenges, the portfolio has a potential upside of 31% by 2024, with revenue and EPS growth estimates supporting this.

iShares Global Clean Energy ETF is a popular investment option for those interested in clean energy companies. However, the long-term performance of ICLN is disappointing, to put it mildly. I anticipate challenges for the sector to persist in the near term. Therefore, I recommend staying away from investing in ICLN.