S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
AI Stock Caught Trading Under Secret Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
AI Stock Caught Trading Under Secret Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
AI Stock Caught Trading Under Secret Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
AI Stock Caught Trading Under Secret Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover

The 7 Best Electric Vehicle Stocks That Aren't Tesla

We all know that electric vehicles are the future of day-to-day transportation. They are simpler to manufacture than their gas-combustion cousins. They allow for the easy integration of driver assistance and other technologies. And, they can be refueled in your garage with renewable energy from the grid.

How does an investor profit from this trend? Your natural first thought might be to put money in Tesla, but it's hard to make money off a company that is already trading at a price-to-earnings ratio of 50 (or sometimes even more!). Most of the future growth of Tesla is already baked into its share price, unfortunately.

We've also heard about companies like Nikola and Rivian that want to be the "next Tesla," but so far none of them have shown themselves to be formidable competitors to Elon Musk's electric vehicle powerhouse. Some of them even turned out to be outright frauds.

So, how do we profit from the electric vehicle mega-trend? We look at other companies in the E.V. supply chain that are providing parts, equipment, and services to major automobile manufacturers as they begin the transition to producing fully electric vehicles.

We've conferred with Wall Street's top-ranked research analysts and scoured hundreds of their reports to find the best E.V. companies that you can invest in right now. We've identified seven companies that stand to benefit from the electric vehicle mega-cycle and Wall Street's best analysts are giving these companies "buy" and "strong buy" ratings in their proprietary research reports.

#1 - Textron (NYSE:TXT)

Consensus Rating
Hold
Rating Score
2.3
Ratings Breakdown
4 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$87.50 (1.8% Upside)

About Textron

Textron logoTextron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
1/26/2024UBS GroupBoost Price TargetSell ➝ Sell$77.00 ➝ $81.00
1/25/2024CitigroupBoost Price TargetBuy ➝ Buy$102.00 ➝ $104.00
1/2/2024The Goldman Sachs GroupReiterated RatingBuy ➝ Buy$98.00
12/20/2023JPMorgan Chase & Co.Boost Price TargetNeutral ➝ Neutral$84.00 ➝ $85.00
10/27/2023SusquehannaReiterated RatingPositive
10/27/2023Morgan StanleyBoost Price TargetOverweight ➝ Overweight$86.00 ➝ $88.00
10/10/2023UBS GroupInitiated CoverageSell$73.00
9/25/2023SusquehannaReiterated RatingPositive ➝ Positive$89.00
8/15/2023Bank of AmericaBoost Price TargetNeutral ➝ Neutral$76.00 ➝ $85.00
7/28/2023CitigroupBoost Price TargetBuy$90.00 ➝ $95.00


#2 - Element Fleet Management (TSE:EFN)

Consensus Rating
Buy
Rating Score
3.0
Ratings Breakdown
5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
C$26.86 (15.7% Upside)

About Element Fleet Management

Element Fleet Management logoElement Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. It offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
1/31/2024ScotiabankBoost Price TargetSector PerformC$22.00 ➝ C$25.00
1/4/2024Royal Bank of CanadaBoost Price TargetOutperformC$30.00 ➝ C$31.00
11/7/2023Raymond JamesLower Price TargetStrong-BuyC$27.00 ➝ C$26.00
8/10/2023BarclaysBoost Price TargetC$24.00 ➝ C$26.00
8/9/2023National BanksharesBoost Price TargetOutperformC$30.00 ➝ C$31.00
8/9/2023Royal Bank of CanadaBoost Price TargetOutperformC$29.00 ➝ C$30.00
8/9/2023TD SecuritiesBoost Price TargetBuyC$24.00 ➝ C$25.00
8/1/2023CIBCBoost Price TargetOutperformC$22.00 ➝ C$24.00
3/8/2023National BanksharesBoost Price TargetOutperformC$24.00 ➝ C$28.00
3/8/2023CIBCBoost Price TargetOutperformC$20.00 ➝ C$21.00


#3 - Vale (NYSE:VALE)

Consensus Rating
Moderate Buy
Rating Score
2.5
Ratings Breakdown
7 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$16.98 (26.0% Upside)

About Vale

Vale logoVale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
2/12/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$19.00
12/14/2023UBS GroupBoost Price TargetNeutral ➝ Neutral$14.00 ➝ $15.00
12/6/2023BarclaysLower Price TargetOverweight ➝ Overweight$16.00 ➝ $15.00
11/21/2023The Goldman Sachs GroupUpgradeNeutral ➝ Buy$12.20 ➝ $19.50
11/20/2023Bank of AmericaUpgradeNeutral ➝ Buy$20.00
11/16/2023Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$18.00 ➝ $17.00
11/3/2023Royal Bank of CanadaBoost Price TargetOutperform ➝ Outperform$14.00 ➝ $15.00
10/30/2023CitigroupUpgradeNeutral ➝ Buy$14.00 ➝ $16.00
10/5/2023UBS GroupUpgradeSell ➝ Neutral
9/14/2023JPMorgan Chase & Co.Boost Price TargetOverweight ➝ Overweight$16.00 ➝ $18.00


#4 - Genuine Parts (NYSE:GPC)

Consensus Rating
Hold
Rating Score
2.4
Ratings Breakdown
4 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$168.33 (13.8% Upside)

About Genuine Parts

Genuine Parts logoGenuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
2/16/2024WedbushReiterated RatingNeutral ➝ Neutral$140.00
2/16/2024Truist FinancialBoost Price TargetBuy ➝ Buy$155.00 ➝ $157.00
10/20/2023Truist FinancialLower Price TargetBuy ➝ Buy$172.00 ➝ $155.00
10/20/2023WedbushLower Price TargetNeutral ➝ Neutral$160.00 ➝ $140.00
10/20/2023The Goldman Sachs GroupLower Price TargetNeutral ➝ Neutral$178.00 ➝ $152.00
10/16/2023JPMorgan Chase & Co.Boost Price TargetOverweight ➝ Overweight$184.00 ➝ $189.00
10/12/2023UBS GroupInitiated CoverageNeutral$160.00
10/5/2023Truist FinancialLower Price TargetBuy ➝ Buy$191.00 ➝ $172.00
9/8/2023Evercore ISIBoost Price TargetIn-Line ➝ In-Line$160.00 ➝ $165.00
7/21/2023JPMorgan Chase & Co.Lower Price TargetOverweight$190.00 ➝ $184.00


#5 - Cabot (NYSE:CBT)

Consensus Rating
Hold
Rating Score
2.3
Ratings Breakdown
1 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$84.40 (1.6% Upside)

About Cabot

Cabot logoCabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
1/8/2024UBS GroupDowngradeBuy ➝ Neutral$90.00 ➝ $87.00
12/14/2023UBS GroupBoost Price TargetBuy ➝ Buy$83.00 ➝ $90.00
11/7/2023UBS GroupLower Price TargetBuy ➝ Buy$86.00 ➝ $83.00
8/11/2023JPMorgan Chase & Co.Boost Price TargetNeutral ➝ Neutral$68.00 ➝ $70.00
8/8/2023Credit Suisse GroupLower Price TargetOutperform ➝ Outperform$85.00 ➝ $82.00
6/20/2023Loop CapitalLower Price Target$111.00 ➝ $103.00
6/6/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$87.00 ➝ $80.00
5/18/2023Deutsche Bank AktiengesellschaftLower Price Target$90.00 ➝ $80.00
3/13/2023Credit Suisse GroupInitiated CoverageOutperform$94.00
2/13/2023Loop CapitalBoost Price TargetBuy$98.00 ➝ $113.00


#6 - Sigma Lithium (NASDAQ:SGML)

Consensus Rating
Buy
Rating Score
3.0
Ratings Breakdown
3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$37.50 (226.7% Upside)

About Sigma Lithium

Sigma Lithium logoSigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
1/23/2024BMO Capital MarketsLower Price TargetOutperform ➝ Outperform$40.00 ➝ $38.00
12/6/2023Bank of AmericaReiterated RatingBuy ➝ Buy$37.00
11/24/2023BMO Capital MarketsLower Price TargetOutperform ➝ Outperform$44.00 ➝ $40.00
9/6/2023BMO Capital MarketsLower Price TargetOutperform ➝ Outperform$50.00 ➝ $48.00
9/3/2023Bank of AmericaLower Price Target$44.00 ➝ $42.00
3/8/2023Pi FinancialReiterated RatingBuy
1/19/2023BMO Capital MarketsInitiated CoverageOutperform$40.00
12/6/2022Canaccord Genuity GroupBoost Price TargetC$45.00 ➝ C$64.00
12/1/2022National Bank FinancialReiterated RatingOutperform Spec Market Weight
6/23/2022National Bank FinancialBoost Price TargetC$26.00 ➝ C$27.00


#7 - Baidu (NASDAQ:BIDU)

Consensus Rating
Buy
Rating Score
3.0
Ratings Breakdown
16 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$177.00 (58.9% Upside)

About Baidu

Baidu logoBaidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
12/18/2023BenchmarkReiterated RatingBuy ➝ Buy$210.00
11/27/2023SusquehannaLower Price TargetPositive ➝ Positive$175.00 ➝ $150.00
11/22/2023BenchmarkReiterated RatingBuy ➝ Buy$210.00
11/22/2023The Goldman Sachs GroupLower Price TargetBuy ➝ Buy$181.00 ➝ $174.00
11/22/2023Nomura InstinetUpgradeNeutral ➝ Buy$145.00
11/22/2023NomuraUpgradeNeutral ➝ Buy$145.00
11/1/2023BarclaysLower Price TargetOverweight ➝ Overweight$183.00 ➝ $138.00
10/31/2023BenchmarkReiterated RatingBuy ➝ Buy$210.00
10/19/2023JPMorgan Chase & Co.Lower Price TargetOverweight ➝ Overweight$200.00 ➝ $185.00
9/25/2023Sanford C. BernsteinBoost Price TargetOutperform ➝ Outperform$160.00 ➝ $168.00


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