(GRID) First Trust NASDAQ Clean - Ratings and Ratios

The First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (NASDAQ: GRID) is an ETF that commits at least 90% of its net assets-including any investment borrowings-to the common stocks and depositary receipts that compose its underlying index. The index targets companies primarily involved in electric grid hardware, smart meters, networking equipment, energy-storage solutions, and the software that enables smart-grid operations. Because the fund is classified as non-diversified, its holdings are concentrated in a relatively narrow set of firms within the smart-grid ecosystem.

Key industry metrics reinforce the fund’s growth thesis: the global smart-grid market is projected to expand at a compound annual growth rate (CAGR) of roughly 20% through 2030, driven by rising renewable-energy integration and stricter grid-reliability standards. In the United States, federal and state infrastructure bills have earmarked over $150 billion for grid modernization, directly boosting demand for the hardware and software solutions represented in GRID’s portfolio. Additionally, electric-vehicle (EV) adoption is accelerating, with EV sales expected to exceed 30 million units annually by 2030, creating a substantial increase in load-management and storage requirements that smart-grid firms are positioned to address.

If you want a deeper, data-rich assessment of GRID’s exposure and performance drivers, consider exploring the analytics available on ValueRay for a more granular view of the fund’s holdings and sector trends.