- Clean energy stocks are currently in a sharp correction as many new bearish catalysts appear.
- There has been a sharp reversal in the surge of Google search volumes for "green energy stocks" and "ICLN".
- Many firms in the clean energy ETF ICLN are overvalued with overseas manufactures being the few remaining value opportunities.
- While green energy is the future, this growth appears to be more than priced into most of the top stocks in ICLN.
- As margin debt, taxes, and cash levels lower market liquidity, we may see a prolonged crash in ICLN and its top holdings.
For further details see:
ICLN: Clean Energy Is The Future, But Not For Portfolios