Fidelity Clean Energy ETF (FRNW) has seen unusual trading volume, which is 28× higher than its average daily volume.
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Among Fidelity Clean Energy ETF’s top holdings, Bloom Energy, which accounts for about 2.6% of the portfolio, is in focus after its shares jumped on renewed optimism about its role in supplying on‑site power to AI data centers and its large $20 billion order backlog. The rally gained momentum after Zacks upgraded the stock to a Strong Buy and investors reacted to its higher 2026 revenue target, while options activity turned elevated with call trading outpacing puts and implied volatility rising, signaling heightened expectations for future price swings.