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The auto formulation replace did somewhat wisely no matter the now not easy atmosphere and provide chain bottlenecks in 2021. Prominent stocks admire Linamar Corporation (+12.25%) and Magna Global (+15.8%) did now not disappoint investors and delivered nice returns.
On the change hand, Uni-Employ (TSX:UNS) change into once the high-flyer with its 217.4% total return. The stock’s efficiency change into once seriously better than the broader market and the red-hot energy sector. For 2022, Westport Gas Systems Inc. (TSX:WPRT)(NASDAQ:WPRT) will most likely be the replace’s high growth stock and price performer.
Westport is absurdly cheap ($2.35 per portion), even supposing market analysts are bullish. Their 12-month sensible effect target is $13.04, or a doable upside of 454.9%. In the meantime, Uni-Employ is coming attain its 52-week high.
Growth alternatives ahead
Uni-Employ will inform its Q4 and total-365 days 2021 earnings results on February 18, 2022. In the 9 months ended September 30, 2021, total sales increased 9.7%, whereas get loss improved 69% versus the an identical period in 2020. Particularly, get earnings in Q4 2021 climbed 167.8% to US$11.92 million when put next with Q4 2020.
In step with Brian McManus, Uni-Employ’s govt chairman and CEO, the quarterly results recount the continuing operational enchancment and persisted sequential recovery within the industry. The $1 billion company from Boucherville distributes automotive refinish, industrial coatings, and linked products in North The United States.
Uni-Employ is the chief within the automotive aftermarket formulation industry now not fully in Canada but additionally within the United Kingdom. McManus shows the attain-period of time point of curiosity is to align the core businesses with administration’s imaginative and prescient for the prolonged stride. Uni-Employ is positioning the industry for the prolonged period of time and will capitalize on the alternatives ahead.
Market analysts conserving the stock look a return doable of at the least 24.9%. The associated price would possibly possibly climb from $22.96 to $28.68 in 12 months.
Giant returns within the attain period of time
Westport Gas Systems carries a catch ranking from market analysts but continues to fly under the radar. The $401.36 million company delivers change fuel programs to be used in transportation capabilities globally. About 70 international locations use the developed orderly fuel programs in passenger car & light autos, buses, and heavy-responsibility autos.
The total-365 days 2021 results aren’t out but but it completely’s get to converse that the principle 9 months change into once a recovery period for Westport. In the 9 months ended September 30, 2021, total earnings increased 36% to US$229.8 million. Get earnings change into once US$8.3 million, or a 173% turnaround from the US$11.5 million get loss within the an identical period in 2020.
In Q3 2021, earnings growth versus Q3 2020 change into once 14%, even supposing Westport incurred US$5.8 million losses as a outcome of increased working expenses, decrease govt wage-subsidy and toughen programs, plus decrease foreign replace beneficial properties. Amassed, it change into once encouraging on chronicle of of the improving trend within the industry.
Wall Road notes the rising question for electric autos. Westport wants to be to your watchlist for the reason that Canadian company will play a well-known role within the worldwide energy transition. Investors advise the stock as a manufacturing play at heart. The company will provide pure fuel-powered autos to Amazon’s speedy.
Mosey on the growth
Request Westport Gas Systems to upward push from obscurity in 2022 on chronicle of of the change fuel auto replace growth. As talked about earlier, now is an fantastic time to catch up this auto formulation stock. The aptitude return within the attain period of time will most likely be tall.