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iShares Global Clean Energy ETF (ICLN)

Look-through valuation · Theme · Expense ratio 0.41 % · ISIN US4642882249

ICLN iShares Global Clean Energy ETF ICLN overvalued
Holdings vs fair value −30.8 % weighted average
Quality 48/100 avg alpha quality
Expense ratio 0.41 % per year (TER)
Fund size $ 3.1B yield 0.90 %
The look-through covers 75 % of the fund by weight (73 of 96 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2008)

$ 35 $ 5 Jun 2008 Jul 2026

Monthly close since 2008. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding Weight vs fair value Quality
Bloom Energy Corp BE 12.8 % −79.6 % 34
First Solar Inc FSLR 8.4 % +27.1 % 59
Nextracker Inc. Class A Common Stock NXT 6.9 % −36.2 % 61
China Yangtze Power Co Ltd 600900 6.7 % −10.3 % 59
Enphase Energy Inc ENPH 4.8 % −49.6 % 56
Vestas Wind Systems A/S VWS 3.3 % n/a n/a
SolarEdge Technologies Inc SEDG 2.7 % −64.9 % 54
Plug Power Inc PLUG 2.6 % +21.2 % 27
EDP - Energias de Portugal S.A. EDP 2.4 % −13.5 % 53
Suzlon Energy Limited SUZLON 2.4 % −40.4 % 55
Chubu Electric Power Co. Inc. 9502 2.3 % n/a n/a
Clearway Energy Inc Class C CWEN 1.7 % n/a n/a
Orsted A/S ORSTED 1.7 % −82.2 % 33
Enlight Renewable Energy Ltd ENLT 1.6 % n/a n/a
Shoals Technologies Group Inc SHLS 1.5 % −63.5 % 49
T1 Energy Inc. TE 1.1 % −33.8 % 33
China Three Gorges New Energy Group Co Ltd 600905 1.0 % −34.2 % 43
Green Plains Renewable Energy Inc GPRE 1.0 % −56.4 % 47
Nordex SE NDX1 1.0 % −38.1 % 52
Doosan Fuel Cell Co Ltd 336260 1.0 % n/a n/a
EDP Renovaveis EDPR 0.9 % n/a n/a
Huaneng Lancang River Hydropower Inc Class A 600025 0.9 % −43.2 % 57
Solaria Energía y Medio Ambiente S.A SLR 0.9 % −48.3 % 48
Xian LONGi Silicon Materials Corp 601012 0.9 % +10.8 % 36
Premier Energies Limited PREMIERENE 0.8 % n/a n/a

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 96 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives iShares Global Clean Energy ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.