Electric and Autonomous Vehicle Stocks
Electric and autonomous vehicle technology is transforming the transportation industry. Adoption of electric vehicles is in early stages but accelerating as costs decline, range improves, and governments provide incentives. Autonomous driving technology is also nascent, but it has the potential to disrupt commercial transportation, improve safety, and become a standard feature in future vehicles. Companies that produce the best technology to enable electric and autonomous vehicles will likely command premium pricing power. This targeted list targets companies best positioned to benefit from increasing adoption of electric vehicles and autonomous driving technology based on the forward-looking insights of Morningstar’s equity research team.
|
Name
|
Sector
|
Morningstar Rating for Stocks
|
Fair Value
|
Economic Moat
|
Market Cap
| |
|---|---|---|---|---|---|---|
| Albemarle Corp
ALB
| Basic Materials | !nV | LOCK|K>?$ | $12B | ||
| Analog Devices Inc
ADI
| Technology | LOCK|bB | LOCK|N& | $196B | ||
| Aptiv PLC
APTV
| Consumer Cyclical | LOCK|.^P!$&% | LOCK|<Sr | $9B | ||
| Celanese Corp Class A
CE
| Basic Materials | #W | LOCK|%JsC> | $5B | ||
| Diodes Inc
DIOD
| Technology | LOCK|<.MK>NZK | LOCK|j@fj | $4B | ||
| DuPont de Nemours Inc
DD
| Basic Materials | Qxh | LOCK|gRZ< | $17B | ||
| Eastman Chemical Co
EMN
| Basic Materials | ??! | LOCK|#Gs%y | $7B | ||
| Intel Corp
INTC
| Technology | <%$ | LOCK|<#D | $634B | ||
| Joby Aviation Inc
JOBY
| Industrials | LOCK|Kwg@<DL | LOCK|#W$ | $6B | ||
| Lattice Semiconductor Corp
LSCC
| Technology | LOCK|.^<W!L | LOCK|dKc$? | $18B | ||
| Lucid Group Inc Shs
LCID
| Consumer Cyclical | LOCK|?N<<># | LOCK|$jP | $2B | ||
| Microchip Technology Inc
MCHP
| Technology | nv% | LOCK|bRC | $43B | ||
| NVIDIA Corp
NVDA
| Technology | LOCK|RV | LOCK|N?M | $6T | ||
| NXP Semiconductors NV
NXPI
| Technology | yJT | LOCK|d?^ | $60B | ||
| ON Semiconductor Corp
ON
| Technology | VP? | LOCK|^?^p | $31B | ||
| Qualcomm Inc
QCOM
| Technology | QhX | LOCK|@fcHr | $194B | ||
| QuantumScape Corp Ordinary Shares - Class A
QS
| Consumer Cyclical | LOCK|J?&S#P | LOCK|Bmj | $3B | ||
| Sensata Technologies Holding PLC
ST
| Technology | &Q | LOCK|&@ | $6B | ||
| TE Connectivity PLC Registered Shares
TEL
| Technology | kDp | LOCK|Y?VV | $63B | ||
| Tesla Inc
TSLA
| Consumer Cyclical | %$@ | LOCK|?>v@ | $1T | ||
| Texas Instruments Inc
TXN
| Technology | LOCK|T& | LOCK|Cj | $257B |