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CNRG - ICLN: Clean Energy Will Provide Massive Returns Globally Just Not Yet
SPDR S&P Kensho Clean Power
2024-04-22 12:45:28 ET
Summary
ICLN and peer clean energy funds face significant near-term challenges in the global clean energy industry, including high costs, muted demand, and the widespread prevalence of fossil fuels.
Oil and natural gas are expected to see roughly 50 more years of supply. While clean energy will be the replacement, suboptimal returns can be expected in the short term.
ICLN has a relatively attractive valuation and low expense ratio compared to peers, but has seen poor long-term performance.