Fidelity Clean Energy ETF
FRNW
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 7, 2021
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Clean Energy ETF (FRNW) is an exchange-traded fund that seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Clean Energy Index. The fund normally invests at least 80% of its assets in securities included in the index and depositary receipts representing such securities; the index reflects the performance of a global universe of market-cap-weighted companies across the capitalization spectrum that distribute, produce or provide technology or equipment to support energy production from solar, wind, hydrogen and other renewable sources. Key holdings include Bloom Energy Corp, GE Vernova Inc, First Solar Inc, Vestas Wind Systems AS, EDP S.A., Nextracker Inc, Verbund AG, Ormat Technologies Inc, Itron Inc and Plug Power Inc, representing approximately 33% of total net assets, with sector allocations emphasizing utilities (43%), industrials (35%) and information technology (19%). Launched on October 5, 2021 and listed on Cboe BZX, the ETF is passively managed by Fidelity Investments, with a net expense ratio of 0.39%-0.40%, assets under management of approximately $32-38 million as of late 2025, and around 53-67 holdings focused on clean energy themes screened for environmental, social and governance factors. The fund operates globally, with country exposures including the United States (37%), China (16%), Canada (7%), Denmark (6%), Portugal (6%), Spain (5%), South Korea (4%) and others across developed and emerging markets; it targets investors seeking thematic exposure to the clean energy sector, including renewable energy producers, equipment providers and technology enablers. No major strategic changes, partnerships, acquisitions, funding rounds, new product launches or reorganizations specific to FRNW have been reported in the last 1-2 years; the fund continues to track its benchmark amid fluctuating clean energy market conditions, with a turnover rate of 46% and recent portfolio assets at $31.9 million as of September 2025.