iShares Global Clean Energy ETF offers value amid renewable sector sell-off, poised for growth if data centers adopt on-site power.

The iShares Global Clean Energy ETF (ICLN) provides focused exposure to renewable energy companies like Bloom Energy and First Solar. Despite a mid-year sell-off causing negative sentiment, the ETF's price-to-earnings ratio of 18.4x presents an attractive entry point for investors. The sector could see a boost if data center operators begin using on-site power generation within the next three to five years, potentially triggering a rating upgrade for the ETF. This makes ICLN a promising option for investors seeking growth in the renewable energy space.

The article highlights potential growth in renewable energy, a sector reflected in the current trading activity on Pluang. As of Oct 30, 2026 18:02 WIB, ICLN trades at USD 15.40 with a 1-day decline of 1.85%, while Bloom Energy (BE) shows a sharper drop of 8.66% at USD 203.05. First Solar (FSLR) is priced at USD 169.24, down 4.32%, indicating mixed sentiment among these clean energy stocks.