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Clean Energy ETF (FRNW) Hits New 52-Week High
ZACKSยท 2025-11-06 18:05
Group 1 - The Fidelity Clean Energy ETF (FRNW) has reached a 52-week high and is up 97.33% from its 52-week low price of $11.25 per share [1] - The underlying index of FRNW includes companies involved in the production and distribution of renewable energy technologies, such as solar and wind [1] - The fund charges an annual fee of 40 basis points [1] Group 2 - There is a growing focus on alternative energy sources and a decrease in reliance on fossil fuels, leading to increased investment in clean energy [2] - The rise in AI adoption and global power demands are expected to provide long-term support for clean energy funds [2] - The decline in renewable energy costs contributes to a favorable long-term outlook for clean energy investments [2] Group 3 - FRNW is projected to maintain strong performance in the near term, indicated by a positive weighted alpha of 71.05 [3]