5 Best EV, Battery and Autonomous Driving ETFs

4. iShares Global Clean Energy ETF (NASDAQ:ICLN)

5-Year Performance as of August 4: 98.95%

iShares Global Clean Energy ETF (NASDAQ:ICLN) seeks to replicate the performance of the S&P Global Clean Energy Index, which consists of global equities from the clean energy sector. The ETF offers investors exposure to companies producing energy from renewable sources such as solar and wind. iShares Global Clean Energy ETF (NASDAQ:ICLN) was launched on June 24, 2008. As of August 4, 2023, iShares Global Clean Energy ETF (NASDAQ:ICLN) has net assets totaling $3.8 billion, and it offers an expense ratio of 0.40%. The ETF’s portfolio includes 100 stocks. 

First Solar, Inc. (NASDAQ:FSLR) is the biggest holding of the iShares Global Clean Energy ETF (NASDAQ:ICLN). First Solar, Inc. (NASDAQ:FSLR) provides photovoltaic solar energy solutions worldwide. After reporting market-beating Q2 results, First Solar, Inc. (NASDAQ:FSLR) anticipates that its net sales for the full year of 2023 will range from $3.4 billion to $3.6 billion, compared to the market consensus of $3.46 billion. Similarly, the expected earnings per share (EPS) is expected to fall between $7.00 and $8.00, while the consensus estimate stands at $7.24.

According to Insider Monkey’s first quarter database, 39 hedge funds were bullish on First Solar, Inc. (NASDAQ:FSLR), compared to 44 funds in the prior quarter.