GRID - GRID: A Smart-Grid ETF For Your Portfolio
- The GRID ETF is down 6.7% over the past 12 months, which is ~5% worse than the S&P 500. Yet over the past 3 years, GRID is up 30% more than the S&P 500.
- GRID is not some high-flying ETF full of small & risky solar, wind, and hydrogen companies: it holds the large and global leading electrical component manufacturers.
- The high price of oil (and thus gasoline) will likely accelerate the transition to EVs because consumers that previously wouldn't have considered an EV probably now will do so.
- That being the case, we need a smart-grid that will not only support renewable power generation but significantly more electrical power transmission capacity.
For further details see:
GRID: A Smart-Grid ETF For Your Portfolio