iShares Global Clean Energy ETF (ICLN-Q)

ICLN is the go-to clean energy ETF in the US, well diversified. Some of these ETFs have fallen over the last few months, but now are stabilizing and moving higher. One of the mega-trends. Watch that most stocks have already priced in positive moves, where the average PE of the stocks is about 52x. Be careful of valuations.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Growth stocks and the sector in general has seen a big hit this year. There is no specific negative news on the fun. It is getting to interesting levels after a 19% decline this year. Unlock Premium - Try 5i Free

The biggest holding in this ETF is Plug Power, which is Kathy Wood of Ark Investment's preference. This company will not make a profit for a couple years. There is a lot of speculation. There will be massive amounts of money for the green sector. Not early and you will see volatility. The pullback is a good time to step in. When traditional energy do well, the green energy names should do better too since traditional energy are big investors.

Has come off of its highs and he has bought some more on the weakness. Plug Power is a large part of the fund and the company likely will not have earnings until 2023-2024. Interest rates have hurt the speculative names. Over the long term, the sector is a growth area.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A good renewable energy ETF. The fund owns good, growing companies and investors pay higher valuations for green energy. Unlock Premium - Try 5i Free

Allan Tong’s Discover Picks ICLN trades at a daily volume of 1.4 million shares, so it’s fairly liquid and stable. ETF king, Larry Berman, advises to hold this long term, but wait for a pullback. Andrew Pyle raises the tax issue, since ICLN is based in America, but adds this one’s okay for your RRSP. Read Cybersecurity Stocks, Clean Energy Stocks and Medical Device Stocks: Little-Known Picks for our full analysis.

ZQQ vs. ICLN. ZQQ is a play in the tech sector and has done extremely well on this rebound. It is probably a little overvalued. He would prefer this for the long term. ICLN-O is domiciled in New York and in a TFSA they will withhold taxes that can't be captured. It is okay in a RRSP.