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Search resuls for: "Autonomous and Electric Vehicles"


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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
That's because the vehicle platform redesigns need to come through semiconductor innovations in processing and power-management technologies, analyst Joshua Buchalter wrote in a report on Monday. "We believe these powerful secular content themes are underappreciated amidst appropriate cyclical concerns and pushback on EV attach rate projections," he added. In fact, companies indexed to these trends can outgrow the broader market and should be on investors' radar today, Buchalter said. TD Cowen's proprietary model forecasts the total automotive semis market growing at a 9% compound annual growth rate from 2023 to 2030 — doubling to about $121 billion. The company has already amassed a $30 billion auto revenue pipeline, spread across the digital cockpit, connectivity and ADAS, he pointed out.
Persons: TD Cowen, That's, Joshua Buchalter, Buchalter, Mobileye, Matthew Ramsay, Ramsay, — CNBC's Michael Bloom Organizations: Microsystems, Mobileye's, Nvidia, Qualcomm Locations: ADAS
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.
Feb 13 (Reuters) - Via is valued at $3.5 billion, the transportation company said on Monday, after it raised fresh capital in a funding round led by 83North. Via develops public mobility systems by building a network of buses, shuttles, wheelchair-accessible vehicles and autonomous and electric vehicles in over 35 countries. It plans to use the capital to expand its products, improve its end-to-end digital infrastructure for public mobility and expand into new markets and verticals. Via had confidentially filed for an U.S. initial public offering in December 2021, a month after it raised $130 million and bagged a valuation of $3.3 billion. Reporting by Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra ELuri and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
In this article FGM Follow your favorite stocks CREATE FREE ACCOUNTJim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General MotorsDETROIT — "Same industry. GM has gained an edge in recent years on the back of better financials and early moves into electric and autonomous vehicles. GM most recently reported third-quarter results that, compared to Ford, knocked it out of the park. The investment cases for America's largest automakers are increasingly diverging as the companies — separated by just $1 billion in market value — have taken different tacks around electric and autonomous vehicles. Ford expects at least 40% of its sales globally to be electric vehicles by the end of this decade.
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 .
Bigger rival Texas Instruments Inc (TXN.O) earlier this week that it expected demand across most of its end markets to decline, while South Korea's SK Hynix Inc (000660.KS) warned of an "unprecedented deterioration" in memory chip demand. STMicro said it expected fourth-quarter sales to edge up by 1.8% from the previous quarter to about $4.4 billion. Co-controlled by the Italian and French governments, STMicro said demand rose across all its products in the third quarter, beating market expectations. Net revenue in the third quarter rose to $4.32 billion, above the company's own guidance and the $4.24 billion analyst consensus compiled by Visible Alpha. Reporting by Mathieu Rosemain; Editing by Muralikumar Anantharaman, Subhranshu Sahu and Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
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