5 Best Lithium ETFs

In this article, we discuss 5 best lithium ETFs. If you want to read our detailed discussion on the lithium industry, head over to 10 Best Lithium ETFs. 

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

5-Year Performance as of September 4: 89.28%

The iShares Global Clean Energy ETF (NASDAQ:ICLN), one of the best performing lithium ETFs, strives to replicate the performance of S&P Global Clean Energy Index, which includes worldwide stocks within the clean energy sector. One of the fund’s primary objectives is to align with an index that employs specific criteria to filter out certain types of business involvements. These exclusions cover areas like controversial weapons, small arms, military contracts, tobacco, thermal coal, oil sands, shale energy, and arctic oil and gas exploration. The ETF was launched on June 24, 2008. As of September 1, 2023, iShares Global Clean Energy ETF (NASDAQ:ICLN)’s net assets total around $3.48 billion, with an expense ratio of 0.41%. Its portfolio includes 100 stocks.

First Solar, Inc. (NASDAQ:FSLR) is the largest holding of the iShares Global Clean Energy ETF (NASDAQ:ICLN). First Solar, Inc. (NASDAQ:FSLR) offers solar energy solutions using photovoltaic (PV) technology worldwide. The company’s expertise lies in designing, making, and selling solar modules crafted from cadmium telluride, which transform sunlight into usable electricity. They cater to a range of clients, including system developers, utilities, independent power producers, commercial, and industrial entities, as well as other system owners.

According to Insider Monkey’s second quarter database, 51 hedge funds were bullish on First Solar, Inc. (NASDAQ:FSLR), up from 39 funds in the preceding quarter. Robert Pohly’s Samlyn Capital is a significant position holder in the company, with 1.26 million shares valued at $239.6 million.

Here is what White Brook Capital has to say about First Solar, Inc. (NASDAQ:FSLR) in its Q1 2021 investor letter:

“First Solar (FSLR) and Itron (ITRI), both of which I’ve written about in past In Focus sections were long-term positions that were sold as their prices exceeded price targets. Both are solid companies that remain on my watchlist, but the opportunity cost of not investing in other potential investments exceeded their potential mid-term returns.”