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.
Investment Thesis
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For further details see:
ICLN: Clean Energy Will Provide Massive Returns Globally, Just Not Yet