FRNW
Fidelity Covington Trust - Fidelity Clean Energy ETF
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FRNW did great last year, but has stalled a bit recently. The 2025 performance was a surprise given the "sunsetting" of tax credits, but I think electric demand for AI was a factor. I'm wondering whether that's beginning to come into question possibly.
I don't get why FRNW is doing so well. With all the new with oil in Venezuela and there is no backing for solar energy. I don't get why it has been doing so well this past 6-12 months. I don't see any push for even electric cars right now. Is it a sell right now and wait for a dip in a few years for a dip? It make no sense to me why it is growing.
Ok, yeah I guess I must have seen that one before but kinda forgot about it, thanks. Very similar to ICLN which I don't own either. Just wish an ETF came out that was a thematic like "Future Energy" - then it could capture wind, solar, nuclear, and all the industrials associated with sort of the next wave of energy infrastructure - a bit late anyway - but something like the best of ICLN, FRNW, IFRA and NLR, which obviously would try to tie into the AI datacenter tailwind.
Fidelity's Clean Energy ETF (FRNW) has had a great year. While it stalled recently, it had been climbing so regularly for a long time that I was able to buy, wait for a rise, sell, wait for a slight dip, buy back and repeat for much of the year. Mixed with international stocks, gold, and a few selected US investments, FRNW has buoyed my retirement portfolios for much of the year since I bailed on US markets early in the year. I'm at a point where I'm most comfortable being heavy in cash, but with this mix, I've been able to track well ahead of US bonds with much less risk. All of those investments have kicked ass on US stocks this year. FRNW is a nice way to spread out risk and still be in the alternative energy sector. It has much less liquidity than big funds though so you do need to be mindful of bid-ask spreads and such. Overall, it's been nice feeling like I could make money on an investment that seemed like it was doing something positive, and I've been glad that TSLA isn't part of the mix. If AI is going to happen anyway, it might as well be supported with green energy. I do wonder if concern over an AI bubble might be what's causing this fund (and so the sector as a whole) to lose its momentum.
Fidelity has Sustainable, strong environmental, social and governance, ETF funds avaialble. 1. FRNW-Clean energy 2. FDWM -Women Leadership 3. FSBD -ESG Environmental, social & governance Bond fund 4. FSST -US equity Fund ETF with ESG Fidelity also has custom basket funds you can create yourself.
My advice, instead of feeling bad about the negative things in the world, try to find something positive that makes you feel good, and invest in that. You mention [Fidelity](https://www.fidelity.com/sustainable/overview)? I've had pretty good luck with their Clean Energy fund (FRNW), up +34% so far this year. Or maybe the thing that excites you isn't clean energy; maybe for you, it's something different? What is the first thing that comes to mind when you think "ethical investment"?
Could just wait with this whole debt crisis thing too. For longs I'm watching PHO to see if it goes to mid 40s but I'm not entirely convicted. Looking to add more FRNW if it gets to the teens, or RIVN for sure if it gets to single digits. DIS is dipping. Happy with selling my GOOG and regret selling GLD at 178. Not really touching my deSPACs right now except for selling CCs. Wealthfront is giving me 4.55% on my extra cash and they have a blended bond portfolio at 5.3 🤷♂️ best of luck
I held Vestas for years and sold it for a good profit recently. It's still the best in the wind space, and a great company, but the fundamentals are just terrible now for some reason. I'm sticking with green energy ETFs for now to get broader exposure until more definitive winners in alt-energy become apparent. (I have positions in CNRG, ICLN, QCLN, FRNW.)
I do a mix mostly with some small plays. I like Gold and Silver a lot and have watched the prices to where I have a plan for when to buy more and when to sell. I keep small positions in PSLV and GLDM. I’ve long been interested in clean energy so I also have small positions in FDRV, which I’m planning to sell once it breaks close to even (for valid reasons related to the EV sector and how its developed), FRNW, and ICLN. Long term I’ll probably merge FRNW and ICLN since they’re largely redundant.
My current plan is to sell my shares of FDRV because I think it holds too much of Tesla, which I think I’m already overexposed to from my holding in VTI and FXAIX in my IRA, and use that to buy the dip in ICLN since it’s slightly more diversified I. It’s holdings than FRNW.
I’m big into clean energy as a sector moving forward. I previously invested in a new index fund from Fidelity (FRNW). The fund is still very new and has a relatively small amount under management (around $25 million). I recently also bought a share or two of ICLN, since it’s a bigger fund with more liquidity and a more diverse list of holdings. Is there any real downside to redundancy in ownership here? I’d prefer not to sell the FRNW and consolidate, since I think it’ll grow significantly from where it is now as the sector begins to take off and like that I got in at literally the ground floor. There’s a lot of overlap between the two, but I don’t really see a point in selling one to combine them since they’re broadly speaking invested in most of the same companies anyway.
I own a few shares of a pair of green tech and energy ETFs, FDRV and FRNW, and for some reason they haven’t priced yet today. Is there a reason why they haven’t priced?
Bought the dip hard in VTI and VXUS while prices were dropping. Now that they’re back, decided to put a little into Fidelity’s EV Sector index (FDRV) and Fidelity’s Clean Energy Sector Index (FRNW), because I really believe in the future of EVs and Clean Energy, and Bc the expense ratios, while higher than I generally like to invest in at 0.39%, are much lower than the other Lithium funds I’ve been looking at.
If I am generally an index/etf investor, is it better for me to stick with the ETFs that are provided by my brokerage (Fidelity). For example, if I wanted to put money into clean energy, would it make more sense to invest in FRNW vs. something like ICLN?
Just got an ad for Fidelity sustainable EGS ETFs.. some were advertised as new. Just wondered if anyone here has opinions on them? I was curious specifically about FRNW and FLOWX..