iShares Global Clean Energy ETF vs Iris Energy Limited — how do they compare? iShares Global Clean Energy ETF trades at $17.28 (market cap $2.27B), while Iris Energy Limited trades at $35.31 (market cap $14.07B). The key difference: Iris Energy Limited is far larger — about 6.2× iShares Global Clean Energy ETF's market cap, and Iris Energy Limited is more actively traded (54,492,460 versus 6,845,064). Which is the better fit depends on your goals — on Pluang, investors hold iShares Global Clean Energy ETF for 87 Days and Iris Energy Limited for 28 Days on average.
| ICLN | IREN | |
|---|---|---|
Market Cap | $2.27B | $14.07B |
Volume | 6,845,064 | 54,492,460 |
52-Week High | $23.75 | $76.41 |
52-Week Low | $15.78 | $29.31 |
Typical Hold Time | 87 Days | 28 Days |
Sector | — | Technology |
Enterprise Value | — | $16.02B |
Signals from Pluang's Aura AI — not financial advice
ICLN trades at $17.25, down 0.35% with a bearish technical signal from moving averages. The ETF shows neutral momentum oscillators with RSI at 52.71 and 38.71. Recent news highlights ICLN's higher volatility and expense ratio compared to traditional energy ETFs, though geopolitical tensions and data center demand provide tailwinds for clean energy adoption.
The outlook remains challenged by competitive pressure from higher-yielding energy alternatives and significant historical drawdowns. However, global renewable energy acceleration and China's EV targets offer long-term growth potential. Key risks include fee structure disadvantages and sector volatility.
IREN stock trades at $35.05, down 9.41% in 24 hours amid a bearish technical signal. The company is executing a pivot from Bitcoin mining to AI cloud services, with a $9.7 billion Microsoft deal, but faces ballooning losses and negative net margins. Analyst consensus remains bullish with an $81 price target, yet recent earnings misses and high valuations (P/E 51.42) highlight execution risks.
Outlook: Long-term growth potential from AI infrastructure demand is significant, but near-term profitability challenges and capital intensity pose risks. Investors should weigh strong analyst support against weak earnings trends and high cash burn from aggressive expansion plans.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
The index is designed to track the performance of approximately 100 clean energy-related companies. The fund generally invests at least 80% of its assets in the component securities of the target index. The index may invest up to 20% of its assets in certain futures, trading options and swap contracts, cash and cash equivalents, as well as in securities not included in the index. It is non-diversified.
Read more on ICLN →Iris Energy is a next-generation data center company that powers Bitcoin mining and AI workloads using 100% renewable energy. It focuses on building sustainable infrastructure for the global digital economy.
Read more on IREN →