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.
Investment Thesis
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FCG: EVs And The U.S. 'Grid' Will Maintain Demand For Natural Gas