The demand for portable generator fuel tanks is significant in the United States, driven by the necessity for a dependable and uninterrupted power source. Therefore, I think investors could buy gas stocks Cheniere Energy Partners, L.P. (CQP – Get Rating), Sunoco LP (SUN – Get Rating), and Star Group, L.P. (SGU – Get Rating) this summer.
The growing demand for cleaner energy sources and the use of natural gas to generate electricity, heat buildings, heat water, drive industrial furnaces, etc., as well as the need to reduce carbon emissions and subsidies provided by governments for using natural gas, are driving the market’s growth.
As per Mordor Intelligence, the US natural gas market is projected to register a CAGR of over 5% until 2028.
Moreover, natural gas has a lower cost than other fossil fuels, which makes gas-generating systems an economically sensible choice for producing electricity. Additionally, technological developments have increased the effectiveness of gas generators.
As technology continues to progress, fuel consumption and operating costs should decrease over time, further increasing demand. The gas-generating systems industry in the United States is expected to experience a robust CAGR of 9.3%, reaching $3.80 billion in 2023.
Take a look at the stocks mentioned above…
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