ETF fact sheet · ICLN · Clean energy
iShares Global Clean Energy ETF
The model values 8 of ICLN's 96 holdings. At the median their price sits 4.8% above its fair value, and 38% of them are priced below it.
Among the holdings the model backs with medium or high evidence, the cheapest by its reckoning is First Solar (FSLR), priced 23.3% below fair value, and the priciest is Ormat Tech (ORA), priced 31.3% above fair value. That is the model's opinion, not advice.
The fund through Faircurve's model, from its run of 24 Oct 2026; closes to 27 Oct 2026.
Last close$15.86+1.99% on the day
This year-3.47%-7.47% against the S&P 500 over a month
Beta1.46moves about 1.5 times as much as the market
Price vs fair value4.8% abovethe median of 8 holdings the model values; 38% priced below
ICLN through the model
| Holding | Weight | 1D | Price vs fair value | Evidence |
|---|---|---|---|---|
| FSLR First Solar | 8.1% | +4.58% | 23.3% below | medium |
| NXT Nextpower | 7.5% | +3.87% | 11.4% below | medium |
| BE Bloom Energy | 6.4% | +7.15% | 9.1% above | medium |
| IBE.MC Iberdrola | 6.4% | not covered | ||
| 600900.SS China Yangtze Power LTD A | 5.5% | not covered | ||
| AXIA3.SA Axia Energia SA | 5.3% | not covered | ||
| EQTL3.SA Equatorial SA | 3.2% | not covered | ||
| VWS.CO Vestas Wind Systems | 3.1% | not covered | ||
| ENPH Enphase Energy | 3.0% | -1.98% | 2.0% above | medium |
| ORA Ormat Tech | 2.8% | +5.62% | 31.3% above | medium |
| 9502.T Chubu Electric Power | 2.8% | not covered | ||
| EDP.LS EDP Energias DE Portugal | 2.2% | not covered | ||
| ENLT.TA Enlight Renewable Energy | 2.1% | not covered | ||
| SUZLON.NS Suzlon Energy | 2.0% | not covered | ||
| CWEN Clearway Energy | 1.9% | +4.17% | 14.6% above | low |
| ORSTED.CO Orsted A/S | 1.4% | not covered | ||
| NDX1.DE Nordex | 1.4% | not covered | ||
| SEDG Solaredge Technologies | 1.4% | +1.64% | 7.5% above | high |
| PLUG Plug Power | 1.4% | not covered | ||
| ENGI11.SA Energisa Units | 1.4% | not covered | ||
| 300274.SZ Sungrow Power Supply LTD A | 1.3% | not covered | ||
| 600930.SS Huadian NEW Energy Group | 1.2% | not covered | ||
| 600025.SS Huaneng Lancang River Hydropower I | 1.0% | not covered | ||
| 0916.HK China Longyuan Power Group H | 0.9% | not covered | ||
| SHLS Shoals Technologies Group | 0.9% | not covered | ||
| SLR.MC Solaria Energia Y Medio Ambiente S | 0.9% | not covered | ||
| EGIE3.SA Engie Brasil Energia SA | 0.8% | not covered | ||
| 600905.SS China Three Gorges Renewables(Grou | 0.8% | not covered | ||
| 336260.KS Doosan Fuel Cell | 0.8% | not covered | ||
| CPFE3.SA Cpfl Energia | 0.7% | not covered | ||
| EDPR.LS EDP Renewables SA | 0.7% | not covered | ||
| 600674.SS Sichuan Chuantou Energy LTD A | 0.7% | not covered | ||
| GPRE Green Plains | 0.7% | not covered | ||
| 601012.SS Longi Green Energy Technology A | 0.7% | not covered | ||
| DORL.TA Doral Group Renewable Energy Resou | 0.6% | not covered | ||
| 112610.KS CS Wind | 0.6% | not covered | ||
| NHPC.NS Nhpc | 0.5% | not covered | ||
| BEPC.TO Brookfield Renewable Subordinate V | 0.5% | not covered | ||
| 2208.HK Xinjiang Goldwind Science AND Tech | 0.5% | not covered | ||
| VER.VI Verbund AG | 0.5% | not covered | ||
| 3576.TW United Renewable Energy | 0.5% | not covered | ||
| INOXWIND.NS Inox Wind | 0.5% | not covered | ||
| CWR.L Ceres Power | 0.5% | not covered | ||
| NOFR.TA O.Y. Nofar Energy | 0.4% | not covered | ||
| TE T1 Energy | 0.4% | not covered | ||
| ARRY Array Technologies | 0.4% | not covered | ||
| REX REX American Resources | 0.4% | -2.73% | 6.6% below | medium |
| RNW Renew Energy Global | 0.3% | not covered | ||
| S92.DE SMA Solar Technology AG | 0.3% | not covered | ||
| 300751.SZ Suzhou Maxwell Technologies LTD A | 0.3% | not covered | ||
| AURE3.SA Auren Energia SA | 0.3% | not covered | ||
| 600236.SS Guangxi Guiguan Electric Power | 0.3% | not covered | ||
| CSIQ Canadian Solar | 0.3% | not covered | ||
| ENRG.TA Energix Renewable Energies | 0.3% | not covered | ||
| 688223.SS Jinko Solar LTD A | 0.3% | not covered | ||
| 322000.KS HD Hyundai Energy Solutions | 0.3% | not covered | ||
| 002129.SZ TCL Zhonghuan Renewable Energy TEC | 0.3% | not covered | ||
| 600995.SS China Southern Power Grid Energy S | 0.3% | not covered | ||
| ERG.MI ERG | 0.3% | not covered | ||
| 9958.TW Century Iron AND Steel Industrial | 0.3% | not covered | ||
| 1735.HK Central NEW Energy Holding Group L | 0.3% | not covered | ||
| 6443.TW Tsec | 0.3% | not covered | ||
| VBK.DE Verbio | 0.3% | not covered | ||
| ANE.MC Corporacion Acciona Energias Renov | 0.2% | not covered | ||
| BREN.JK Barito Renewables Energy | 0.2% | not covered | ||
| ENELAM.SN Enel Americas SA | 0.2% | not covered | ||
| NTPCGREEN.NS Ntpc Green Energy | 0.2% | not covered | ||
| MEL.NZ Meridian Energy | 0.2% | not covered | ||
| 600732.SS Shanghai Aiko Solar Energy LTD A | 0.2% | not covered | ||
| 688599.SS Trina Solar A | 0.2% | not covered | ||
| EA-R.BK Energy Absolute NON-Voting DR PCL | 0.2% | not covered | ||
| GEVO Gevo | 0.2% | not covered | ||
| 002487.SZ Dajin Heavy Industry LTD A | 0.2% | not covered | ||
| 002459.SZ JA Solar Technology LTD A | 0.2% | not covered | ||
| SCATC.OL Scatec Solar | 0.2% | not covered | ||
| JKS Jinkosolar Holding ADR REP | 0.2% | not covered | ||
| 601016.SS Cecep Wind-Power Corp A | 0.2% | not covered | ||
| 601615.SS Ming Yang Smart Energy Group LTD A | 0.2% | not covered | ||
| MSKE.TA Meshek Energy Renewable Energies L | 0.2% | not covered | ||
| 300763.SZ Ginlong Technologies A | 0.2% | not covered | ||
| 300724.SZ Shenzhen S.C NEW Energy Technology | 0.1% | not covered | ||
| 300140.SZ Cecep Environmental Protection | 0.1% | not covered | ||
| 000591.SZ Cecep Solar Energy LTD A | 0.1% | not covered | ||
| 000537.SZ Green Development Electricity Grou | 0.1% | not covered | ||
| 600032.SS Zhejiang Provincial NEW Energy INV | 0.1% | not covered | ||
| 002506.SZ GCL System Integration Technology | 0.1% | not covered | ||
| 002531.SZ Titan Wind Energy (Suzhou) LTD A | 0.1% | not covered | ||
| 688390.SS Jiangsu Goodwe Power Supply Techno | 0.1% | not covered | ||
| 601619.SS Jiaze Renewables Corp LTD A | 0.1% | not covered | ||
| 600821.SS Nyocor LTD A | 0.1% | not covered | ||
| 688660.SS Shanghai Electric Wind Power Group | 0.1% | not covered | ||
| 300118.SZ Risen Energy LTD A | 0.1% | not covered | ||
| CWENE.IS CW Enerji Muhendislik Ticaret VE S | 0.1% | not covered | ||
| 301155.SZ Jiangsu Haili Wind Power Equipment | 0.1% | not covered | ||
| 688032.SS Hoymiles Power Electronics INC A | 0.1% | not covered | ||
| 002865.SZ Hainan Drinda NEW Energy Technolog | 0.1% | not covered |
The 15 largest holdings by weight; the button shows all 96. Holdings as of 21 Oct 2026; closes to 27 Oct 2026; the model's run of 24 Oct 2026. Green is a price below the model's fair value, red above it. Not covered: the model does not value it. Withheld: its own checks flag the valuation.
How ICLN has moved
| Period | Price return |
|---|---|
| One day | +1.99% |
| One week | -2.88% |
| One month | -6.76% |
| This year | -3.47% |
| One month against the S&P 500 | -7.47% |
One week is seven calendar days, one month 28. Beta 1.46 over the past 60 sessions: the fund moves about 1.5 times as much as the market.
What ICLN is
iShares Global Clean Energy ETF holds solar, wind and other clean-energy companies worldwide.
| Expense ratio | 0.38% a year |
|---|---|
| Assets | $2.0 billion |
| Dividend yield | 1.16% ($0.18 paid over twelve months) |
| Holdings | 103 |
| Since | 2008 |
| Issuer | IShares |
Sectors, share of the fund
| Renewable Electricity | 26.8% |
|---|---|
| Electric Utilities | 23.1% |
| Heavy Electrical Equipment | 14.9% |
| Semiconductors | 13.8% |
| Electrical Components & Equipment | 13.3% |
| Semiconductor Equipment | 5.1% |
| Oil & Gas Refining & Marketing & Transportation | 1.5% |
| Cash and/or Derivatives | 0.4% |