An Exchange Traded Fund can offer a simplified entry point into the alternative energy stock market. The iShares Global Clean Energy ETF (NASDAQ: ICLN) is a bargain pick for 2020.
This Clean Energy ETF pick is compelling for several reasons. It provides exposure to the global clean energy market, which is useful for American investors who don’t have the time to explore foreign stocks and the markets that they’re traded on. It has some of the most successful alternative stocks in its Top 10 holdings, including Enphase Energy Inc., SolarEdge Technologies Inc., and First Solar Inc.
In addition to its wide exposure, this ETF has another feature that will appeal to bargain investors. Unlike many of the most affordable stocks, the fund comes with a dividend. The current yield of 1.44% creates a better return than most stocks and traditional savings products. In an environment where federal interest rates are at zero, this dividend can help to create regular income.
Any investor looking for a strong alternative energy holding should consider this fund. It’s simple, affordable, and offers excellent growth potential thanks to its exposure to solar, wind, and other forms of clean energy.
- Net Expense Ratio: 46%
- Turnover Percentage: 42%
- Dividend Yield: 44%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.