Clean Car Stocks
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Date updated:11-21-2006

A new report by Merril Lynch and the World Resources Institute (WRI), entitled “Alternatives for the clean car evolution”, provides good background on regulatory and other forces driving the trend toward cleaner cars, as well as 3 ways to play this trend.

The authors discuss regulatory developments around biofuels/ethanol, customer demand trends, and finally take a superficial look at the exposure of the Big Three, Toyota, Honda and Nissan to clean powertrain technologies (i.e. fuel cells, biofuels/ethanol, diesel, hybrid). What's their conclusion? The shift away from conventional automotive technologies to the 'clean car' will occur gradually, bearing more resemblance to an evolution than to a revolution. Here are 3 stocks that the authors believe are good plays on the “clean car evolution”.

symbol name last price % change open
  • +
  • BWA
    Borg Warner Inc
  • $31.84
  • +1.86%
  • $30.90

BorgWarner (NYSE:BWA) – the authors estimate that up to 70% of company sales are derived from technologies and applications that increase fuel efficiency and/or reduce emissions.

People owning BWA also tend to own: AAPACSADIBKBMCCOGCOH

TheStreet.com Rating: C- What is this?

  • +
  • FR
    First Ind Rlty In
  • $4.23
  • -2.53%
  • $4.26

Valeo (EPA:FR) – the report calls Valeo “a direct play on fuel economy” and notes that around 35% of revenues are generated from sales of fuel economy products.

People owning FR also tend to own: INTCMSFTSGPABNAIBBACCAG

TheStreet.com Rating: D What is this?

  • +
  • MGA
    Magna Intl Cl A
  • $50.00
  • +13.12%
  • $45.70

Magna International (NYSE:MGA or TSE:MG.A/TSE:MG.B) – the company’s hydroforming business, the authors note, is a key technology in creating lighter and stronger cars, and Magna should thus see some upside from the push for greater fuel economy.

People owning MGA also tend to own: ADMAIZALLCBCNICOPCSC

TheStreet.com Rating: D+ What is this?

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