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The auto substances enterprise did superb a lot despite the traumatic ambiance and present chain bottlenecks in 2021. Prominent stocks love Linamar Company (+12.25%) and Magna Worldwide (+15.8%) did now not disappoint merchants and delivered obvious returns.
On the change hand, Uni-Favor (TSX:UNS) became the excessive-flyer with its 217.4% total return. The stock’s performance became some distance better than the broader market and the purple-sizzling energy sector. For 2022, Westport Gas Methods Inc. (TSX:WPRT)(NASDAQ:WPRT) may presumably well also very effectively be the enterprise’s top growth stock and price performer.
Westport is absurdly cheap ($2.35 per half), even though market analysts are bullish. Their 12-month average tag target is $13.04, or a attainable upside of 454.9%. Within the meantime, Uni-Favor is impending its 52-week excessive.
Growth opportunities forward
Uni-Favor will fresh its Q4 and fat-three hundred and sixty five days 2021 earnings outcomes on February 18, 2022. Within the nine months ended September 30, 2021, total sales elevated 9.7%, while win loss improved 69% versus the a similar length in 2020. Particularly, win earnings in Q4 2021 climbed 167.8% to US$11.92 million as compared with Q4 2020.
Per Brian McManus, Uni-Favor’s govt chairman and CEO, the quarterly outcomes replicate the ongoing operational development and continued sequential recovery within the enterprise. The $1 billion firm from Boucherville distributes automotive refinish, industrial coatings, and linked merchandise in North The US.
Uni-Favor is the leader within the automotive aftermarket substances enterprise now not ideal in Canada but in addition within the UK. McManus displays the finish to-length of time focal point is to align the core firms with administration’s imaginative and prescient for the future. Uni-Favor is positioning the enterprise for the long length of time and may presumably well merely capitalize on the opportunities forward.
Market analysts maintaining the stock peek a return possible of now not less than 24.9%. The cost may presumably well also climb from $22.96 to $28.68 in 12 months.
Astronomical returns within the finish to length of time
Westport Gas Methods carries a bear finish rating from market analysts but continues to dash beneath the radar. The $401.36 million firm delivers change gas methods to be used in transportation applications globally. About 70 nations exercise the fantastic desirable gas methods in passenger automobile & gentle trucks, buses, and heavy-responsibility trucks.
The fat-three hundred and sixty five days 2021 outcomes aren’t out yet but it’s pleasant to converse that the first nine months became a recovery length for Westport. Within the nine months ended September 30, 2021, total earnings elevated 36% to US$229.8 million. Discover profits became US$8.3 million, or a 173% turnaround from the US$11.5 million win loss within the a similar length in 2020.
In Q3 2021, earnings growth versus Q3 2020 became 14%, even though Westport incurred US$5.8 million losses because of upper working costs, lower government wage-subsidy and attend applications, plus lower foreign alternate good points. Peaceable, it became encouraging on fable of the enhancing style within the enterprise.
Wall Road notes the increasing set up a query to for electrical autos. Westport desires to be for your watchlist since the Canadian firm will play the largest feature within the enviornment energy transition. Traders characterize the stock as a producing play at coronary heart. The firm will present natural gas-powered trucks to Amazon’s posthaste.
Streak on the growth
Ask Westport Gas Methods to upward push from obscurity in 2022 on fable of the change gas auto enterprise growth. As talked about earlier, now is an fabulous time to grab up this auto substances stock. The functionality return within the finish to length of time may presumably well also very effectively be mountainous.