3 EV Stocks With Earnings Growth Forecasts Over 8%

Oil prices have jumped above $111 a barrel after fresh attacks on Saudi energy facilities, putting the spotlight back on fuel costs and energy security. When oil gets pricey, interest in electric and self-driving transport often spreads beyond enthusiasts. That shift is where this group of electric and autonomous vehicle related stocks comes in. This article highlights three that illustrate how investors are trying to position for that change.

The three electric and autonomous vehicle related stocks below are just a starting sample. The full screen surfaced 54 more companies with equally compelling narratives that are not covered here. To identify and analyze the highest conviction opportunities in this space, head straight into the Electric/ Autonomous Vehicle Stocks screener.

Hitachi Construction Machinery (TSE:6305)

Overview: Hitachi Construction Machinery builds heavy equipment such as excavators, loaders and dump trucks, and offers autonomous haulage and fleet management systems for remote mining operations.

Operations: The group generates about ¥1.29t in revenue from its Construction Machinery Business and ¥149.5b from its Specialized Parts & Service Business.

Market Cap: ¥1.15t

Hitachi Construction Machinery provides exposure to autonomous heavy vehicles through its Autonomous Haulage System and real-time Fleet Management System, which support remote, electric-ready dump trucks in large mining fleets. Earnings and margins have recently improved, which matters for funding this capital-intensive rollout. However, a shift in how customers adopt these systems could still reshape the overall picture.

That adoption risk is exactly why it is worth checking the 3 key rewards and 1 important warning sign before assumptions about Hitachi Construction Machinery’s autonomous rollout harden.

EnerSys (ENS)

Overview: EnerSys supplies stored energy and power systems for industrial, telecom, data center, transportation and defense uses, including electric industrial vehicles.

Operations: EnerSys reports about $3.79b in segment adjusted revenue, largely from industrial energy storage and power solutions sold globally.

Market Cap: $6.15b

EnerSys matters for this electric and autonomous vehicle screen because its Industrial Mobility Solutions arm sits inside the battery and power-pack supply chain that keeps electric forklifts and Class 8 trucks moving. At the same time, the wider business spans data centers, telecom and defense.

"Ongoing growth in AI driven data center loads and concerns about grid reliability are supporting increased adoption of EnerSys backup and energy storage systems, which can add to revenue and support earnings as more of the installed base enters replacement cycles."

For investors watching EnerSys, what happens when one pressure point in its industrial mobility mix shifts could have an outsized impact on margins.

When that margin pressure really starts to shift, the full narrative for EnerSys lays out how EnerSys could see earnings power decoupling from any one end market.

Caterpillar (CAT)

Overview: Caterpillar supplies heavy construction and mining equipment, engines, locomotives and related technology, including autonomous and electrified machines for industrial customers.

Operations: The business generates about US$77.5b in revenue, mainly from Construction Industries, Resource Industries and Power & Energy equipment and services.

Market Cap: US$333.4b

Caterpillar matters for this electric and autonomous vehicle screen because its mining and construction fleets already blend electrified drivetrains with software that enables remote, semi autonomous and fully autonomous operation in harsh real world environments.

"Rapid growth in Power & Energy, including 72% sales to users growth in power generation for data center applications and customer orders for large engines and turbines extending out to 2029 and 2030, indicates a long runway of AI driven power projects that can add to revenue and support operating margins as new capacity is utilized."

What happens if a single assumption about how consistently that demand translates into high margin service and equipment orders starts to shift?

If that service flywheel is what you are watching, the full narrative for Caterpillar shows how Caterpillar’s AI power build out could accelerate or stall that earnings mix story.

Seeking Fresh Alternatives Beyond EVs?

Fresh ideas move first. By the time momentum headlines hit, early entry points are often gone and spreads are already flying. Scan these curated picks while it matters and get in early.

• Spot potential rebounds in out of favor sectors as you sift through the 73 high quality undiscovered gems that remain under the radar for now.
• Target steadier cash generators by reviewing the list of solid balance sheet and fundamentals (22 results) that can keep funding operations even when sentiment drops.
• Ride long term spending trends in essential metals by checking the 16 top copper producer stocks before capital floods in and compresses the edge.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com