ICLN: Clean Energy A Clear Winner In 2025, More Gains Ahead (Rating Upgrade)

  • Upgrading ICLN to a buy as clean energy outperforms global benchmarks and technicals show a bullish breakout. Valuation is attractive at 14.4x P/E and a PEG ratio of 1.35x, with positive macro tailwinds like rising oil prices and a weaker dollar. ICLN remains high-risk due to volatility and cyclical exposure, but liquidity and portfolio diversity are solid strengths.