First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

GRID

Market cap $11.3B

Neoclouds are seeing massive hyperscaler demand as companies race to scale AI infrastructure, resulting in rapid revenue and backlog growth. Leaders like CoreWeave and Nebius enable this through access to the latest Nvidia GPU's while also optimizing compute utilization.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is rated a Strong Buy for its focus on electrical infrastructure modernization. GRID distinguishes itself from other clean energy funds by targeting companies that build, upgrade, and digitize the energy grid, not speculative solar or wind plays. Despite a high weighted average P/E ratio (~43x), GRID is in early earning cycles and has attracted significant net inflows ($6.9B in 12 months).

If you're interested in broad exposure to the Utilities - Infrastructure segment of the equity market, look no further than the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID), a passively managed exchange traded fund launched on November 16, 2009.

Utility capital expenditure plans, federal modernization grants, and the power needs of AI data centers have converged into what industry estimates peg at roughly $1.5 trillion in cumulative grid investment over the next decade.

Infrastructure ETFs are gaining momentum as grid upgrades, EV charging expansion and decarbonization fuel demand beyond AI.

Tantalus Systems Holding Inc. (GRID:CA) Discusses Q1 Performance, New Analytics Offering, and Insights from Recent Users Conference Transcript

The American grid is being asked to do something it was never designed to do: power an artificial intelligence (AI) build-out, electrify transportation, support reshored manufacturing, and replace aging transmission lines all at the same time.

Tantalus Systems Holding Inc. (GRID:CA) Q1 2026 Earnings Call Transcript

Electricity demand is rising rapidly. AI data centers, EV charging networks, and reshored manufacturing are drawing power from a transmission system largely designed in the last century.

Goldman sees more upside as earnings stay strong and geopolitics fade. Here are ETF areas -- from broad market to clean energy -- to ride the rally.