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PXI - FCG: EVs And The U.S. 'Grid' Will Maintain Demand For Natural Gas
Invesco DWA Energy Momentum ETF
2024-03-27 11:52:33 ET
Summary
First Trust Natural Gas ETF warrants a buy rating due to strong demand sources for natural gas, increasing EV infrastructure, and lack of alternative sources to power the grid.
Electric vehicles require an expanding electric "grid" in the U.S. and upwards of 80% of this U.S. electric grid growth is powered by natural gas.
FCG has demonstrated strong long-term performance, a favorable valuation currently, and has low volatility compared to other natural gas ETFs.