Dividend Investor Insights: Five Electric Vehicle Income Stocks to Consider

You are receiving this email because you signed up to receive our free e-letters, or you purchased a product or service from its publisher, Eagle Financial Publications. Five Electric Vehicle Income Stocks to Consider 11/08/2024 [Sponsored Content [This phrase unlocks a wagonload of profits (97% accurate)](]( If you're like most people, on Friday morning you'll probably follow your set routine: Wake up... eat breakfast... go to work... But if you say these two sentences to your broker... you could collect as much as $1,250 on Friday... no matter where you live, whether you're working or already retired. It all has to do with a unique stock market secret that's worked 97% of the time for the past 8 years running. This may be the most powerful phrase you ever say to your broker... [I'll give you the two sentences when you click here.]( [Click Here...]([1pxtrans]( Five [electrical vehicle]( income stocks to consider feature one of China's leading competitors, three U.S.-based automotive companies and a German manufacturer. The five [electrical vehicle]( income stocks to consider each offer dividends to help reward investors who are willing to own stake in the future of EVs. Even though the electric vehicle (EV) market has not grown as quickly as many prognosticators projected. Austin, Texas-based Tesla (NASDAQ: TSLA) is the market leader among U.S.-based vehicle manufacturers pursuing EV strategies but it has not begun to pay a dividend due to the need to keep funding the development of its business. Early U.S. government subsidies that helped to attract vehicles buyers have been on the wane. “The besetting fault of government policy on EVs was that it pushed the technology before it was ready,” according to the [Gilder’s Technology Report](. On the bright side, EV technology is—just about—ready now, except for the lack of a sufficient number of changing stations nationwide. Batteries have been improving at a steady pace and appear likely to take a quantum leap forward in both power and safety thanks to companies like Solidion Technology, Inc. (NASDAQ: STI) and Tesla itself, [Gilder’s Technology Report]( continued. Energy storage for batteries is a key for EV acceptance and it is aided by Solidion, which specializes in developing and supplying advanced solid-state battery materials, components, cells and module/pack technologies. The company’s products include silicon-rich, all-solid-state lithium-ion cells, anode-less lithium metal cells and lithium-sulfur cells. With more than 500 patents, Solidion’s solid-state battery innovations offer safer, more efficient and cost-effective energy storage, according to the [Gilder’s Moonshots]( trading service. Five Electric Vehicle Income Stocks to Consider: BYD Company Limited BYD Company Limited (OTCPK: BYDDF), of Shenzhen, China, is an electrical vehicle stock well worth considering. Zacks Investment Research is among the industry followers that rate it as a buy. Key strengths of BYD Company, according to Zacks Investment Research, are among the most important factors that make the stock a great growth pick right now. Plus, BYDDF pays a current dividend yield of 1.23%. Earnings growth always is one of the most important factors of choosing a stock to buy. Double-digit-percentage earnings growth is preferable, and BYD Company has notched a historical earnings per share (EPS) growth rate of 129.7%. In addition, its EPS is expected to grow 37.2% this year, compared to an estimated industry average EPS of -7.4%. Another reason why Zacks rates BYDDF as a buy is its asset utilization ratio, also known as its sales-to-total-assets (S/TA) ratio. This metric shows how efficiently a company uses its assets to produce sales. BYD Company’s S/TA ratio of 1.04 means it attains $1.04 in sales for each dollar of its assets, Zacks wrote. With an industry average of 0.6, the EV vehicle manufacturer shines in its comparative efficiency. Aside from efficient sales increases, sales growth itself is an important factor. Zacks reported that the EV company’s sales are forecast to grow 23.6% in 2024, compared to an industry average of only 0.6%. Another plus for BYD Company is upwardly revised earnings estimates. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements, Zacks wrote. Upward revisions in current-year earnings estimates have been forecast for BYD Company. In fact, the Zacks consensus estimate for the current year has surged 17.2% in the past month. Chart courtesy of [www.stockcharts.com]( BYD Company is a Zacks Rank #1 stock that unveiled its new BYD SONG PRO model in Paraguay on Oct. 25. Equipped with BYD’s Super Hybrid DM-i technology, the new vehicle is aimed to be competitively priced and to become the first plug-in hybrid sports utility vehicle (SUV) for many Paraguayan households. The Super Hybrid DM-i system offers five driving experiences: speed, economy, quietness, smoothness and eco-friendliness. The high-end version of the vehicle provides 100 km of pure electric range and a total combined range of 1,030 km, with fuel consumption of just 4.5L per 100 km. The vehicle also can accelerate from 0 to 100 km/h in just 7.9 seconds, company officials said. 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Not counting China, it would make GM only the second car maker after Tesla to pull off that feat. Plus, GM's valuation is bargain priced. GM pumps out profits of $11 billion from the trailing 12 months, compared to roughly $13 billion for Tesla, but the Detroit-based behemoth sports a market cap about 1/15 of Tesla’s. GM's price/earnings (P/E) ratio is languishing at 5, even as the company's three-year compound annual growth rate (CAGR) is just under 12% and its margins are rebounding, [Gilder’s Technology Report]( added. Other fans of Tesla's prospects are Mark Skousen, PhD, and Jim Woods, the co-heads of the [Fast Money Alert]( advisory service. They earned a profit of more than 50% by recommending Tesla for less than two months in early 2023 to their [Fast Money Alert]( subscribers. Mark Skousen, head of [Five Star Trader]( and scion of Ben Franklin, talks to Paul Dykewicz. Paul Dykewicz meets with Jim Woods, head of [Successful Investing](. BofA not only has a buy recommendation on GM but an $85 price target. BofA made modest adjustments to its 4Q earnings estimate but raised its 2025 and 2026 earnings estimates on GM to reflect the company's higher starting basis in 2024. The investment firm's earnings per share estimates also rose as it boosted heightened share buybacks due to company management's commentary and GM's cash position. Five Electric Vehicle Income Stocks to Consider: Ultium JV A positive contributor to GM earnings in 3Q was equity income from the Ultium JV. BofA noted a "significant" step up in equity income from the Ultium JV starting in the second quarter of 2024, which contributed to GM's earnings and margins. Specifically, Ultium JV equity income positively affects GM North America's adjusted earnings before interest and taxes (EBIT) and its EBIT margin. In fourth-quarter 2024, BofA forecast that equity income from the Ultium joint venture would contribute positively to GM's operating profits. Chart courtesy of [www.stockcharts.com]( [[Don't get left behind](]( I just read a wild article about nuclear power and artificial intelligence. A.I. is now everywhere—reshaping industries, revolutionizing how we live, and most importantly, [transforming how we trade.]( If you’re not leveraging A.I. to forecast the markets, you risk being left behind in this fast-moving world. [Join me LIVE to get started.]( [Click Here...]( Five Electric Vehicle Income Stocks to Consider: Ford BofA has a buy recommendation on Dearborn, Michigan-based Ford (NYSE: F), along with a price target of $19 per share. Ford recently reported third quarter 2024 adjusted earnings per share of $0.49, just below the investment firm's estimate of $0.50 and in-line with consensus estimates of $0.49. In addition, Ford pulled back on its EV operations as it searches for a path to turn it profitable without incurring huge losses in that business segment. Ford is focusing its next generation of electrified and digitally advanced vehicles on where it has competitive advantages in commercial vans, mid-size and large pickup trucks, and long-range sports utility vehicles (SUVs). The auto maker also has announced plans to offer a range of electrification options designed to speed customer adoption, including lower prices and longer ranges. In its fully electric portfolio, Ford plans to introduce an all-new commercial van that will begin production during 2026 in Ohio, closely followed in 2027 by two new pickup trucks—a medium-sized version based on the platform designed by Ford’s California skunkworks team and a next-generation truck to be assembled in Tennessee. In addition, Ford’s new affordable electric vehicle platform marks a step forward in the company’s strategy to bend the cost curve on electric vehicles, allowing the company to introduce multiple vehicle styles for both retail and commercial customers at a faster pace, with more personal digital customization. Chart courtesy of [www.stockcharts.com]( Five Electric Vehicle Income Stocks to Consider: Penske Automotive Penske Automotive Group (NYSE: PAG), of Bloomfield Hills, Michigan, is an international transportation services company that operates dealerships, distributes commercial vehicles and retails parts and services. PAG is one of the largest retailers of commercial trucks in North America and has a presence in countries such as the United States, United Kingdom, Canada, Germany, Italy and Japan. Its also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand. BofA Global Research rates Penske Automotive Group as a buy and has given it a $180 price target. John Murphy, BofA’s automotive research analyst, wrote in a research note that the ongoing recovery in the U.S. North American automotive cycle, following the COVID-induced trough in 2020, should spur revenue and earnings growth across the dealer vertical market. Chart courtesy of [www.stockcharts.com]( Penske Automotive Group offers a 2.55% dividend yield to entice income investors. However, its success is closely tied to the innovativeness of its 87-year-old founder Roger Penske. Additional risks faced by the company are a swift or material downturn in U.S. sales, slower recovery in Europe sales, a higher-than-optimum interest rate environment causing material demand deterioration and/or repossessions. Other potential risks include unfavorable foreign exchange rates, consumer dissatisfaction with auto retailing and the potential for franchise law and/or consumer finance law changes. Five Electric Vehicle Income Stocks to Consider: Penske's Potent Corporate Portfolio Penske Automotive Group went public on July 2, 2007, and has an array of auto and truck related businesses that positions it to profit regardless of whether the adoption of EVs occurs, quickly, slowly or in between. Its diversified operations encompass the following. - CarShop is a Penke business that offers used vehicles with up-front, no-haggle pricing and a money-back guarantee. Customers shop online using innovative digital tools on [carshop.com]( or [www.carshop.co.uk]( to choose from thousands of vehicles, obtain financing and schedule delivery. - Premier Truck Group provides a choice of new Freightliner, Western Star and Isuzu commercial vehicles, as well as previously owned commercial trucks. The business unit also carries an inventory of parts and accessories for new and used trucks, while offering maintenance and repair services at locations in Texas, Oklahoma, New Mexico, Tennessee and Georgia, plus Ontario, Canada. - Penske Truck Rental operates a diverse truck rental fleet in North America, along with 24-hour roadside assistance, reservations and customer service for commercial and do-it-yourself household moves. - Penske Truck Leasing operates and maintains a fleet of approximately 440,000 vehicles, serving its customers from more than 980 maintenance facilities and 2,600-plus rental locations in North America. This Penske unit offers full-service truck leasing, fleet maintenance, commercial and consumer truck rentals, used trucks and fleet technologies. - Penske Logistics provides supply chain and logistics management in North America, South America and Europe. Those services include transportation and distribution center management, lead logistics, freight management, transportation management, freight brokerage, freight forwarding, consulting and more. - Penske Vehicle Services is a large fleet solutions provider for automotive original equipment manufacturers. It operates from 50-plus locations across the United States and Canada, offering vehicle management, fleet analysis, fleet tracking, process design, fleet maintenance, vehicle customization and vehicle event services. - Penske Motor Group owns and operates Toyota and Lexus automobile dealerships in California and Texas. Its flagship dealership, Longo Toyota in El Monte, California, is one of the world’s biggest dealerships and has been described by the parent company as the #1 Toyota retailer in the America since 1967. - Team Penske is one of the most successful racing teams in professional sports. Cars owned and prepared by Team Penske have produced more than 620 major race wins, 680-plus pole positions and 44 championships across open-wheel, stock car and sports car racing. In its 57-year history, the team has also earned 19 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, victories in the 24 Hours of Daytona and the 12 Hours of Sebring, along with a victory in Australia’s legendary Bathurst 1000 race. In 2023, Team Penske competed in the NTT INDYCAR SERIES and the NASCAR Cup Series. With a new Team Penske global partnership, Porsche Penske Motorsport competed in the IMSA WeatherTech SportsCar Championship and the World Endurance Championship. - Penske Entertainment Corp., a subsidiary of Penske Corporation, owns the Indianapolis Motor Speedway (IMS) the NTT INDYCAR SERIES and the video and services of IMS Productions. The Indianapolis Motor Speedway has hosted the world’s largest single-day sporting event – the Indianapolis 500 Mile Race – for more than 100 years. The same venue also has hosted NASCAR, Formula One and other racing series in its storied history. - Ilmor Engineering provides high-performance motorsport engines for IndyCar, NASCAR and the ARCA Menard Series. The latter is an America stock car racing circuit that is the top division of the Automobile Racing Club of America. The Ilmor business also designs, develops and produces recreational marine engines for major manufacturers worldwide. - The Chevrolet Detroit Grand Prix, presented by Lear, is an auto race hosted annually in Detroit, Michigan. In 2023, the event returned to its original home on the streets of downtown Detroit. Roger Penske, founder and chairman of Penske Corporation, championed and invested in the race’s return to Detroit in 2007, generating more than $45 million in spending annually for the region. Five Electric Vehicle Income Stocks to Consider: Mercedes-Benz Mercedes Benz Group ADR (OTC: MBGYY), of Stuttgart, Germany, received confirmed buy recommendations on Nov. 5 from Goldman Sachs and Jefferies. Mercedes-Benz Group AG ADR (OTC: MBGYY) is an American Depositary Receipt (ADR) that represents ownership of shares in the German automotive company Mercedes-Benz Group AG. The ADRs are negotiable U.S. certificates that allow investors in the United States and other countries to invest in non-U.S. corporations. The company is a global supplier of premium and luxury cars and vans. Mercedes-Benz Mobility AG offers financing, leasing, car subscription and car rental, fleet management, digital services for charging and payment, insurance brokerage, as well as innovative mobility services. “The Q3 results do not meet our ambitions,” said Harald Wilhelm, chief financial officer of Mercedes-Benz Group AG. “Nonetheless, Mercedes-Benz continues to generate solid cash flows even in challenging times. We are taking a prudent view about market evolution going forward and we will step up all efforts on further efficiency increases and cost improvements across the business.” The vehicle manufacturer’s continued generation of free cash flow—the funds a company can produce after accounting for capital expenditures—reached €2.39 billion, or US$2.56 billion, for the third quarter of 2024, compared to €2.35 billion, or US$2.52 billion, in third quarter 2023, aided by working capital gains. Net liquidity at Mercedes-Benz reached €28.73 billion, or US$30.79 billion, in the fourth quarter of 2024, compared to €28.49 billion, or $30.54 billion, for the third quarter the previous year. Chart courtesy of [www.stockcharts.com]( Five Electric Vehicle Income Stocks to Consider Omit Non-Dividend-paying Tesla Tesla is a recommendation of [Gilder’s Technology Report]( as well as an EV company that is "buy" rated by many investment firms, including BofA Global Research. Tesla recently reported non-generally accepted accounting principles (GAAP) earnings per share (EPS) of $0.72, well ahead of BofA’s forecast of $0.59 and consensus analysts’ estimates of $0.60. Chart courtesy of [www.stockcharts.com]( The outperformance was almost across the boar\d, driven mainly by stronger gross profit and higher regulatory credits, BofA wrote. The investment firm also reacted positively to Tesla’s management offering guidance of 20-30% unit volume growth in 2025, excluding any exogenous events. Other pluses for Tesla are the start of production of the Cybercab, the launch a public ride-hailing app in Texas and possibly California, deliveries of batteries for the energy storage business from its factory in Shanghai, China and semitruck start-of-production. To partially enable all those developments, Tesla is offering guidance that its 2024 capital expenditures will exceed $11 billion. In almost every other respect, EVs are just better than kluge-like internal combustion engines, which are jury rigged to take advantage of just one thing—the extraordinary energy capacity of a gas tank. With a good enough battery for an EV, a vehicle owner can avoid trips to the gas station, oil changes, noise, high maintenance costs and multiple points of failure, according to [Gilder’s Technology Report](. [George Gilder]( who heads [Gilder’s Technology Report]( talks to Paul Dykewicz. Five Electric Vehicle Income Stocks to Consider: Forecast The five electric vehicle income stocks to consider feature companies that are seeking consistent profitability while gaining a share of the EV future. The learning curve is ongoing but their shared goal is ultimate success. Sincerely, Paul Dykewicz, Editor [DividendInvestor.com]( About Paul Dykewicz: Paul Dykewicz is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of [StockInvestor.com]( and [DividendInvestor.com]( a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul also is the author of an inspirational book, "[Holy Smokes! 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