Fidelity Clean Energy ETF Surges on GE Vernova, First Solar

Fidelity Clean Energy ETF (FRNW) has seen unusual trading volume, which is 28× higher than its average daily volume.

Among its top holdings, GE Vernova Inc. (4.7% weight) is in focus after multiple Wall Street firms, including RBC Capital, Bank of America, and Citi, raised their price targets and reiterated positive or neutral ratings ahead of Q1, citing strong expected order growth but also noting sector risks from tariffs, geopolitical tensions, and cost pressures. First Solar (4.0% weight) is also drawing attention as RBC Capital maintained a Buy rating with a $236 price target, while the broader analyst consensus remains a Moderate Buy with estimates pointing to meaningful upside from current levels.