Celestica Inc
Change company Symbol lookup
Select an option...
CLS Celestica Inc
HNHAF Hon Hai Precision Industry Co Ltd
AZO Autozone Inc
CSCO Cisco Systems Inc
SEDG Solaredge Technologies Inc
SUMO Sumo Logic Inc
$NFGGPRI New Frontier Global Growth Price Ret
AMGN Amgen Inc
BOSC BOS Better Online Solutions Ltd
BORR Borr Drilling Ltd

Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Canada
Company profile

Celestica Inc. is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. Its products and services serve a range of applications, including servers; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters. It designs, manufactures and tests solar panels for the residential, commercial and utility scale markets. It uses technologies in the assembly and testing of its products.

Closing Price
Day's Change
-0.16 (-1.85%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

UPDATE: 20 electric vehicle stocks besides Tesla and Nio that analysts expect to rise the most over the next year

12:33 pm ET December 26, 2020 (MarketWatch)

By Philip van Doorn

Analysts favor companies that supply EV manufacturers or develop technology to support infrastructure and autonomous driving.

The electric vehicle revolution is real.

A few years ago, did you believe it was possible for Tesla Inc. (TSLA) to make and sell half a million cars a year? Well, the company made 145,036 electric vehicles during the third quarter and delivered 139,593.

But you may not want to jump on a stock that has risen so much this year. There are many other ways to play the EV trend and related development of autonomous driving technology. A screen of companies in a broad array of industries connected to EVs is below.

There's no question that EVs will continue to storm the auto market. General Motors Co. (GM) plans to have 30 fully electric models available by 2025 (https://www.marketwatch.com/story/gm-accelerates-electric-vehicle-plans-as-it-races-to-catch-up-to-tesla-11605812900), with 40% of its vehicles available in the U.S. being EVs by the end of that year.

President-elect Joe Biden has said that he favors the continued tightening of fuel economy standards for internal combustion (ICE) vehicles. Ever-increasing pressure on ICE vehicle manufacturers from governments around the world, as well as tax incentives for EVs, mean the writing is on the wall, even if the transition in the U.S. is a long one.

Meanwhile, it seems there are new competitors jumping into the EV space every day.

A problem for new investors in the sector is runaway share prices for some of the best-known and rapidly growing companies.

Shares of Tesla are up 600% this year. This means the stock has gotten way ahead of analysts' estimates and price targets. Among 36 sell-side analysts polled by FactSet, only 13 rate the shares "buy" or the equivalent. The consensus price target of $396.40 is 32% below the stock's closing price of $584.76 on Dec. 1. The shares trade for 162 times the consensus earnings estimate for the next 12 months. Of course, the analysts' 12-month horizons for price targets may be considered too short by long-term investors.

Nio Inc.'s (NIO) American depositary receipts closed at $45.36 on Dec. 1, up more than 10-fold this year, but down 15% from a week earlier. Among 13 analysts covering Nio, nine rate the shares a buy, but the consensus price target is lower: $42.25. There is no price-to-earnings ratio available for Nio, as the company is expected to continue operating at a loss.

Getting back to GM, the shares were up 22% year-to-date through Dec. 2, but were trading for only 6.7 times the consensus earnings estimate for the next 12 months. That is a very low P/E ratio for a company with strong cash flow making such a deep commitment to a rapidly growing high-tech industry. (In comparison, the forward P/E ratio for the S&P 500 is 22.3, according to FactSet.) Among the 17 analysts polled by FactSet who cover GM, 14 rate the shares a buy or the equivalent, and the consensus price target implies 10% upside over the next 12 months.

As we discussed with five professional investors in September (https://www.marketwatch.com/story/did-you-miss-out-on-teslas-big-run-there-are-still-good-alternatives-to-play-the-electric-car-revolution-2020-09-09), it is a good idea to look beyond the vehicle manufacturers themselves when seeking investments that will rise as the world switches to EVs.

To come up with a broad list of related stocks, we looked at the holdings of three ETFs:

Adding the three portfolio groups together and removing duplicates left a list of 165 stocks, including 74 listed in the U.S.

Here are the 20 stocks covered by at least 10 analysts, with at least two-thirds at "buy" or equivalent ratings, with the most implied upside potential for the next 12 months, based on consensus price targets.

The table includes a lot of data, including forward P/E ratios, which you can see if you scroll to the right. Share prices and targets are in local currencies.

Don't miss:3 energy stocks for the pandemic rebound that has already started (https://www.marketwatch.com/story/3-energy-stocks-for-the-pandemic-rebound-that-has-already-started-11606753515)

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

December 26, 2020 12:33 ET (17:33 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.