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Search resuls for: "Autonomous and Electric Vehicles ETF"


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The Global X Autonomous and Electric Vehicles exchange-traded fund, which includes companies across multiple parts of the EV supply chain, is up around 16% in the year to date. The Global X Autonomous and Electric Vehicles ETF is one of a number of ETFs that offer a way to invest in a basket of stocks across the supply chain. About a third of the 76 holdings are tech and communications stocks, with industrials, materials, auto stocks and others making up the rest. For investors who want to buy EV-related stocks, CNBC Pro screened the Global X Autonomous and Electric Vehicles ETF for stocks with more than 30% upside over the next 12 months. Lithium producers include Livent and Piedmont Lithium — the latter attracted the only 100% buy rating from analysts and a whopping potential upside of 165.1%.
Persons: Geely Organizations: Autonomous and Electric Vehicles, Analysts, Autonomous and Electric Vehicles ETF, CNBC Pro, Global, EV, General Motors, Renault, Luminar Technologies, . Semiconductor, Nvidia, Infineon Locations: U.S, French
Its shares keep hitting all-time lows, dipping below $13 per share at some points during March. Rivian shares also plunged after it said it planned to raise $1.3 billion in cash via a sale of convertible bonds. Morgan Stanley analysts, led by Adam Jonas, also put the spotlight on its "aggressive growth," in a comparison with Tesla. However Morgan Stanley is still giving the stock an overweight rating, and a price target of $26 – or nearly 90% upside. Canaccord analysts also pointed to the possibility of new partnerships, beyond Amazon, that could be a tailwind for Rivian – a point that Morgan Stanley also raised.
A quarter of the 75 component stocks are tech names, with materials and industrials stocks, as well as auto stocks, making up the rest. To identify the stocks that analysts are most bullish on, CNBC Pro screened the ETF on FactSet for stocks that are buy-rated by the majority of analysts covering them. Analysts also gave these stocks average potential upside of at least 20% over the next 12 months. This was hydrogen fuel cell maker Plug Power , which analysts gave a whopping average potential upside of 122%, according to FactSet. Several Big Tech stocks in the EV supply chain are also well-liked by analysts, including Apple , Alphabet and Microsoft .
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