iShares Global Clean Energy (ICLN)
Broad clean energy basket spanning solar, wind, and batteries — the market's read on supply buildout.
$18.6
Trend YoY growth is -3.6%, slowing by 19 bps/month over the last 5Y. Deviations have remained above trend for 178 consecutive periods. Latest: +74.0%, 77.6 pp above trend, a 2.3σ deviation. The latest YoY reading is boosted by 17.0 pp due to an easy comparison base from Apr 9.
Level
YoY %
y = 7.8% − 19 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | Apr '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May '25 | -12.7% | -12.5% | -12.2% | -11.9% | -11.6% | -11.4% | -11.1% | -10.8% | -10.5% | -10.2% | -10.0% | -9.7% | -9.4% | -9.2% | -8.9% | -8.6% | -8.3% | -8.1% | -7.8% | -7.5% | -7.2% | -6.9% | -6.7% | -6.4% |
| Jun '25 | -13.0% | -12.9% | -12.8% | -12.7% | -12.6% | -12.5% | -12.5% | -12.4% | -12.3% | -12.2% | -12.1% | -12.0% | -11.9% | -11.8% | -11.7% | -11.6% | -11.5% | -11.4% | -11.3% | -11.3% | -11.2% | -11.1% | -11.0% | |
| Jul '25 | -11.5% | -11.4% | -11.4% | -11.3% | -11.2% | -11.1% | -11.0% | -10.9% | -10.8% | -10.8% | -10.7% | -10.6% | -10.5% | -10.4% | -10.3% | -10.2% | -10.2% | -10.1% | -10.0% | -9.9% | -9.8% | -9.7% | ||
| Aug '25 | -9.6% | -9.5% | -9.4% | -9.3% | -9.3% | -9.2% | -9.1% | -9.0% | -8.9% | -8.9% | -8.8% | -8.7% | -8.6% | -8.5% | -8.4% | -8.4% | -8.3% | -8.2% | -8.1% | -8.0% | -8.0% | |||
| Sep '25 | -5.7% | -5.1% | -4.6% | -4.0% | -3.4% | -2.9% | -2.3% | -1.8% | -1.2% | -0.6% | -0.1% | +0.5% | +1.1% | +1.7% | +2.2% | +2.8% | +3.4% | +3.9% | +4.5% | +5.0% | ||||
| Oct '25 | +1.4% | +3.1% | +4.7% | +6.4% | +8.1% | +9.7% | +11.4% | +13.0% | +14.7% | +16.4% | +18.1% | +19.8% | +21.4% | +23.1% | +24.7% | +26.4% | +28.1% | +29.7% | +31.4% | |||||
| Nov '25 | +14.8% | +18.3% | +21.9% | +25.6% | +28.9% | +32.5% | +36.1% | +39.7% | +43.3% | +46.9% | +50.6% | +54.1% | +57.7% | +61.3% | +64.9% | +68.6% | +71.9% | +75.5% | ||||||
| Dec '25 | +27.6% | +32.8% | +37.9% | +42.6% | +47.8% | +52.8% | +58.0% | +63.0% | +68.1% | +73.3% | +78.3% | +83.5% | +88.5% | +93.7% | +98.8% | +103.5% | +108.7% | |||||||
| Jan '26 | +38.7% | +44.8% | +50.4% | +56.5% | +62.4% | +68.5% | +74.4% | +80.6% | +86.7% | +92.6% | +98.7% | +104.7% | +110.8% | +116.9% | +122.4% | +128.6% | ||||||||
| Feb '26 | +52.7% | +59.3% | +66.7% | +73.8% | +81.2% | +88.3% | +95.7% | +103.0% | +110.2% | +117.5% | +124.7% | +132.0% | +139.4% | +146.1% | +153.4% | |||||||||
| Mar '26 | +63.4% | +71.5% | +79.3% | +87.4% | +95.3% | +103.4% | +111.5% | +119.3% | +127.4% | +135.2% | +143.3% | +151.4% | +158.8% | +166.9% | ||||||||||
| Apr '26 | +71.3% | +79.4% | +87.8% | +95.9% | +104.2% | +112.6% | +120.7% | +129.0% | +137.1% | +145.5% | +153.9% | +161.4% | +169.8% |