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Industrials : Electrical Equipment |
Company profile

Nuvve Holding Corp., formerly NB Merger Corp., is a green energy technology company. The Company provides commercial vehicle-to-grid (V2G) technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services. Its V2G technology enables to link multiple EV batteries into a virtual power plant to provide bi-directional services to the electrical grid. The Company offers its customers networked charging stations, infrastructure, software, professional services, support, monitoring and parts and labor warranties required to run electric vehicle fleets. Its customers and partners include owner/operators of light duty fleets, heavy duty fleets (including school buses), automotive manufacturers, charge point operators, and strategic partners. It also operates a small number of charging stations serving as demonstration projects funded by government grants.

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-0.0937 (-9.97%)
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These robotics and automation stocks could climb up to 68% in the next year

10:02 am ET September 4, 2021 (MarketWatch)

By Philip van Doorn

Wall Street loves these stocks owned by at least two of five ETFs focused on this long-term shift

Investors looking for the best stock-market performance have been well-served for many years by focusing on companies using new technology to increase their sales quickly and steadily. The performance of the S&P 500 index has borne this out.

Below is a screen of 24 stocks held among five exchange-traded funds that focus on companies involved with robotics and automation -- booming technology for companies involved in many industries around the world.

For robotics and automation, here are five ETFs that take different approaches to playing innovation:

Here's some more information about the ETFs:

ETF  Established  Assets ($mil)  Stocks held  Concentration in five largest holdings  Expense ratio 
ARK Autonomous Technology & Robotics ETF ARKQ  9/30/2014  $2,761  46  38%  0.75% 
Global X Robotics & Artificial Intelligence ETF BOTZ  9/12/2016  $2,650  36  42%  0.68% 
Robo Global Robotics & Automation Index ETF  10/21/2013  $1,857  84  10%  0.95% 
iShares Robotics and Artificial Intelligence Multisector ETF IRBO  6/26/2018  $440  120  6%  0.47% 
First Trust Nasdaq Artificial Intelligence & Robotics ETF ROBT  2/21/2018  $262  108  13%  0.65% 
Sources: ETF managers, FactSet 

Here's a summary of total returns for the ETFs against the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), which tracks the Nasdaq-100 Index :

ETF  2021  2020  Three years  Five years  Seven years 
ARK Autonomous Technology & Robotics ETF ARKQ  10%  107%  135%  320%  N/A 
Global X Robotics & Artificial Intelligence ETF BOTZ  11%  52%  64%  N/A  N/A 
Robo Global Robotics & Automation Index ETF ROBO  11%  45%  59%  153%  151% 
iShares Robotics and Artificial Intelligence Multisector ETF IRBO  12%  49%  79%  N/A  N/A 
First Trust Nasdaq Artificial Intelligence & Robotics ETF ROBT  12%  46%  73%  N/A  N/A 
SPDR S&P 500 ETF Trust SPY  22%  18%  64%  128%  157% 
Invesco QQQ Trust QQQ  21%  49%  108%  240%  305% 
Source: FactSet 

All five of the automation and robotics ETFs have trailed the broad market this year. During 2020, ARKQ was a stellar performer in part because of its big bet on Tesla, which skyrocketed 743% for the year. ROBO has outperformed SPY for five years but underperformed QQQ for all periods.

A stock screen from five automation and robotics ETFs

The five ETFs together hold 251 stocks across 21 countries. Only two stocks -- Intuitive Surgical and Nvidia -- are held by all five. Only BOTZ doesn't own stocks in companies based in China.

China may be a special area of risk for years to come. There's no way of knowing how much change will be brought about by China's regulatory crackdown affecting tech-related industries. Meanwhile, U.S. regulators' actions as well as the conflict between U.S. and Chinese regulators over the availability of audit reports may affect investors holding shares of Chinese companies listed in the U.S.

Yet, as you will see, three Chinese tech giants held by some of these ETFs are highly regarded by Wall Street analysts.

For this screen, it is important to understand that in Wall Street parlance, there are two types of stock analyst. A buy-side analyst works for a money manager. A sell-side analyst works for a brokerage firm. They have different perspectives, and it might be best to rely on both, if possible. So the following screen starts by limiting the list to the 81 stocks held by at least two of the five ETFs described above.

Among those stocks, 70 are rated by at least five sell-side analysts polled by FactSet. Narrowing the list further, 24 of the 70 have at least 75% "buy" or equivalent ratings. Here they are, sorted by the 12-month upside potential implied by the consensus price targets.

Of course, consensus price targets (and recommendations) can change, and a 12-month target period is short for a long-term trend:

Company  Country  Share"buy" ratings  Closing price -- Aug. 31  Cons. price target  Implied 12-month upside potential  Industry  Held by 
Baidu Inc. ADR Class A BIDU  China  85%  157.02  264.08  68%  Internet Software/Services  ARKQ IRBO ROBT 
Alibaba Group Holding Ltd. ADR BABA  China  91%  166.99  274.63  64%  Internet Retail  ARKQ ROBT 
TuSimple Holdings Inc. Class A TSP  U.S.  85%  41.86  61.56  47%  Motor Vehicles  ARKQ BOTZ 
Magna International Inc. CA:MG  Canada  80%  99.63  134.24  35%  Auto Parts: OEM  ARKQ ROBT 
Samsung Electronics Co. Ltd. KR:005930  South Korea  91%  76700.00  102454.55  34%  Telecommunications Equipment  IRBO ROBT 
Delta Electronics Inc. TW:2308  Taiwan  77%  270.50  348.38  29%  Electronic Equipment/Instruments  ROBO ROBT 
PTC Inc. PTC  U.S.  76%  131.66  165.23  25%  Software  ROBO IRBO ROBT 
Naver Corp. KR:035420  South Korea  96%  439000.00  543480.00  24%  Software  IRBO ROBT 
Nidec Corp. JP:6594  Japan  88%  12620.00  15205.26  20%  Electrical Products  IRBO ROBT Inc. AMZN  U.S.  98%  3470.79  4151.14  20%  Internet Retail  IRBO ROBT 
Siemens AG XE:SIE  Germany  77%  140.84  165.95  18%  Industrial Conglomerates  ROBO ROBT 
Pegasystems Inc. PEGA  U.S.  92%  137.63  162.00  18%  Information Technology Services  IRBO ROBT Inc. ADR Class A JD  China  94%  78.56  92.26  17%  Internet Retail  ARKQ ROBT 
Cargotec Oyj Class B FI:CGCBV  Finland  78%  47.00  55.10  17%  Transportation  BOTZ ROBO ROBT 
Microchip Technology Inc. MCHP  U.S.  76%  157.36  179.14  14%  Semiconductors  ROBO IRBO 
Teledyne Technologies Inc. TDY  U.S.  75%  463.38  522.57  13%  Aerospace & Defense  ARKQ ROBO 
ATS Automation Tooling Systems Inc. CA:ATA  Canada  100%  45.62  50.30  10%  Industrial Machinery  BOTZ ROBO IRBO ROBT 
Alphabet Inc. Class A GOOGL  U.S.  96%  2893.95  3185.44  10%  Internet Software/Services  ARKQ IRBO ROBT 
Microsoft Corp. MSFT  U.S.  92%  301.88  327.43  8%  Software  IRBO ROBT 
Aveva Group PLC UK:AVV  United Kingdom  86%  41.36  44.15  7%  Software  IRBO ROBT 
ServiceNow Inc. NOW  U.S.  88%  643.64  665.96  3%  Information Technology Services  ROBO ROBT 
Keyence Corp. JP:6861  Japan  83%  66130.00  67632.50  2%  Electronic Equipment/Instruments  BOTZ ROBO ROBT 
Synopsys Inc. SNPS  U.S.  87%  332.24  339.69  2%  Software  ARKQ ROBT 
Nvidia Corp. NVDA  U.S.  83%  223.85  226.31  1%  Semiconductors  ARKQ BOTZ ROBO IRBO ROBT 
Source: FactSet 

The prices and price targets are in local currencies where the shares are listed. The three Chinese companies on the list -- Baidu Inc. (K3SD.SG), Alibaba Group Holding Inc. (9988.HK) and Inc. (JD) -- area all listed on U.S. exchanges as American Depositary Receipts.

You can click on the tickers for more about each company.

Despite being held by all five robotics and automation ETFs, Intuitive Surgical didn't make the list because only eight of the 19 sell-side analysts polled by FactSet rate the shares a buy or the equivalent. The stock closed at $1,053.56 on Aug. 30, having risen 29% for 2021, and was trading ahead of the consensus price target of $1,032.71.

This list is merely a starting point for further research about companies involved with the long-term industrial shift to robotics and automation. If you see any investments of potential interest, you should form your own opinion about a fund's strategy, or a company's strategy, and whether or not it is likely to remain competitive over the next decade.

Don't miss:30 stocks that shined in the pandemic are still poised for huge growth through 2024

Jeff Reeves:Forget short-term stock-market fads and just buy these 5 rocketing tech stocks

-Philip van Doorn


(END) Dow Jones Newswires

September 04, 2021 10:02 ET (14:02 GMT)

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