While solar makes up less than 1% of the electricity market today, it will become the largest single source by 2050, according to the International Energy Agency.
“Renewables are now receiving twice as much funding as fossil fuels. If you believe in following the money, you might want to take this into consideration. Also consider that renewable costs are consistently moving lower. When a once expensive technology becomes more affordable, it goes mainstream. When that technology goes mainstream, the potential is high,” according to Investopedia.
The $82.4 million ICLN holds just 29 stocks. Over 51% of the ETF’s combined weight is allocated to U.S. and Chinese companies.
iShares Global Clean Energy ETF