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Benzinga
Benzinga
Business
Chandrima Sanyal

Clean Energy ETFs Hit Fresh Highs As Renewables Rally Defies Policy Uncertainty

Solar panels, clean energy

Clean energy ETFs are returning to the spotlight after a strong week that saw several funds notch fresh 52-week highs, as optimism around solar and wind power demand outweighed political noise.

The iShares Global Clean Energy ETF (NASDAQ:ICLN) jumped 5.4% on Wednesday to hit a 52-week high of $18.20, and the Global X Cleantech ETF (NASDAQ:CTEC) adding 7.1% to reach a 52-week high of $62.33. The $2 billion ICLN ETF is up more than 55% this year.

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