The iShares Global Clean Energy ETF (ICLN) seeks to track the S&P Global Clean Energy Index, providing exposure to global equities involved in clean energy production and equipment manufacturing. The fund holds approximately 100 stocks, with significant allocations to companies in solar, wind, and other renewable sectors across developed and emerging markets. Top holdings typically include major players in photovoltaic technology, turbine manufacturing, and clean power generation. This structure makes the ETF particularly sensitive to sector-specific trends in renewables, commodity prices, and government policies supporting the energy transition, which directly explains its recent price appreciation amid favorable macro conditions for clean energy.
Over the last 30 days, ICLN rose approximately 15%, moving from around $20.33 to $23.46. The advance was relatively steady with some volatility, reflecting consistent buying interest as oil prices climbed. In the last quarter, the ETF increased roughly 28%, advancing from levels near $18.33. This quarterly gain occurred amid a broader uptrend, supported by improving fundamentals in the underlying clean energy index and positive sentiment toward renewable infrastructure projects. Both periods showed trend-driven appreciation rather than range-bound trading.
The primary catalyst for the 30-day rally was surging oil prices amid prolonged Middle East tensions and disruptions such as the closure of the Strait of Hormuz, which heightened global energy security concerns and accelerated interest in clean alternatives. This environment boosted performance across ICLN’s top holdings in solar and wind equipment. Sector-wide gains in renewables were amplified by expectations of faster adoption of clean technologies. Institutional flows into clean energy ETFs contributed to the momentum, with the ETF reaching new 52-week highs. The combination of commodity-driven tailwinds and thematic rotation into energy transition stocks accounted for the majority of the price increase.
Over the quarter, the stronger cumulative advance reflected longer-term trends in the clean energy sector, including robust policy support under the current administration that fast-tracked renewable projects to meet construction deadlines for tax incentives. Macroeconomic conditions, such as elevated traditional energy costs and shifting growth expectations toward sustainable infrastructure, reinforced demand. Major holdings in clean power generation and equipment benefited from these dynamics, while broader market cycles favoring decarbonization themes added to the gains. Institutional interest in the sector further supported flows into vehicles like ICLN, resulting in the outsized quarterly performance relative to broader equity markets.
Investors should monitor developments in oil prices and geopolitical tensions in energy-producing regions, as these directly influence the relative attractiveness of clean energy. Key factors include updates on renewable project approvals and policy implementation timelines, performance of major holdings in solar and wind segments, and broader macroeconomic data on inflation and interest rates that affect capital-intensive energy infrastructure. Sector trends in global clean energy capacity additions and any shifts in institutional fund flows into thematic ETFs also warrant attention, along with risks from regulatory changes or commodity price reversals.
In my own research process, I often turn to Tickeron’s AI Screener to quickly scan for comparable ETFs and stocks when analyzing sector moves like the one we’ve seen in clean energy. It is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. AI Screener
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ICLN's Aroon Indicator triggered a bullish signal on June 05, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 197 similar instances where the Aroon Indicator showed a similar pattern. In of the 197 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ICLN advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for ICLN moved out of overbought territory on June 03, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where ICLN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on June 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on ICLN as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ICLN turned negative on June 05, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ICLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ICLN broke above its upper Bollinger Band on May 26, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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