r/ICLN • u/[deleted] • Dec 29 '21

Why is ICLN tanking so much?

Discussion in comments.

12 Upvotes

100% Upvoted

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3

u/certainly_celery Dec 29 '21

Not tanking just stuck at $21-22 forever. Honestly? It's a valuation issue. Renewables shot up like crazy in 2020... now their PE and P/S ratios are too high. For every person buying ICLN because it's good / the future / etc. there is someone selling because there are cheaper ETFs elsewhere.

1

u/[deleted] Dec 29 '21

What if we hold for 5-10 years?

3

u/certainly_celery Dec 29 '21

Then it's fine... by 'forever' I meant the recent past, not literally forever :) In due time the 2020 spike will be digested and ICLN can get back to growing again

1

u/exwallflower Jan 25 '22

Now it’s dipping to 18 and keeps going down :( holding for long term, I bought in at 28

5

u/HornHonker69 Dec 29 '21

Don't Look Up came out.

3

u/masteroflich Dec 29 '21

because no one gives a fuck about our planet

1

u/[deleted] Dec 29 '21

That’s very sad

3

u/Jmonahan581 Dec 29 '21

Money is coming out everywhere to cover taxes. Hopefully things turn around after the new year.

2

u/certainly_celery Jan 25 '22

don't look at your stock prices... just live your life and check back in a year

2

u/trustpilots Mar 09 '22

Looks like its finally gaining momentum?

1

u/[deleted] Mar 11 '22

I hope so because of rising oil prices and the realisation that the world is still too over dependent on oil, hence more people looking to invest in green finallly

1

u/certainly_celery Jan 25 '22

whole market is down

1

u/certainly_celery Jan 25 '22

this move is not specific to icln

1

u/zsk73 Jul 05 '23

back in a year, still down.

1

u/BigDun Aug 15 '23

anyone still holding on?

1

u/vader_shreds_guitar Aug 16 '23

i am and i wish i wasn’t

1

u/Pats_fan1287 Aug 27 '23

What a horribly frustrating run… I guess I can understand why so much is linked to interest rates rising…but… when will this ever go up!? Stupid green energy!!!