Oppenheimer: these 2 stocks have triple-digit gains in sight
When the best speaks, people listen. It works in all walks of life, but especially on the stock market. Investors are eager to read the latest stock reviews from professional Wall Street analysts, but knowing who’s better is the place to start. Covering the markets of investment and brokerage firm Oppenheimer, Colin Rusch has built a reputation that places him at the top of Street’s body of analysts. It is currently ranked # 7 overall by TipRanks, out of over 7,500 analysts providing regular market coverage. Rusch’s ranking is based on over 400 published reviews, which racked up a 63% success rate – and an investor following Rusch’s recommendations in the past year would have seen an average rate of return of 64%. So, let’s catch up with some of Rusch’s recent stock ratings. Using the TipRanks platform, we researched two of its calls and two factors came out right away: They are Buy rated stocks with upside potential of over 100% for the coming year. And for the retail investor looking for a bargain in the markets, the low entry point sweetens the pie; each of these shares trades for less than $ 10 per share. Here are the details. Aeva Technologies (AEVA) We will start with Aeva Technologies, a company working in the field of perception and sensing technology – a vital area in the autonomous automotive industry. Aeva’s main project is the development of 4D LiDAR-on-chip, an achievement that will overthrow detection systems by combining silicon photonics, precision speed measurement and long-range performance. The resulting package will allow faster and more accurate detection in driverless vehicles, for better detection and avoidance of obstacles, whether stationary or mobile. The success of this business will give Aeva a clear path to self-driving car success. In March, Aeva entered the public markets through a SPAC transaction with InterPrivate Acquisition. The merger closed on March 15, and AEVA shares began trading on the NASDAQ that day. Unlike last year, SPACS generally had a rough time in the 2021 stock market, as did Aeva; stocks have slipped since the public debut. However, AEVA stock hit its low in mid-May and has regained value over the past two weeks, after the company released its 1Q21 earnings results – the first as a listed entity in stock Exchange. At the top of the earnings release, Aeva announced that its PSPC merger grossed the company $ 513 million and had $ 523 million in free cash reserves at the end of the first quarter, down from just 24. $ 6 million at the end of 2020. A key development update, Aeva revealed that its third generation LiDAR chip is in its final architecture and has integrated all basic LiDAR components. The company is engaged in the establishment of production lines for the new chip. In his coverage of AEVA actions, Colin Rusch writes: “AEVA continues to make tangible progress towards commercializing its FMCW-based 4D lidar, announcing its ability to provide a range of 500m over existing hardware via an upgrade of the firmware. We believe that the flexibility and potential for systems sustainability made possible by its software-defined architecture combined with speed information is essential for its customers and the potential for improvement of the product over its useful life. We are encouraged by AEVA to deliver their Gen 3 chip design sooner than expected…. We continue to see AEVA as a long-term winner in lidar and autonomous space… ”Rusch rates this stock as outperforming (i.e. a buy), and his price target of $ 20 implies that. it has a growth margin of 104% over the next 12 months. (To look at Rusch’s track record, click here.) Wall Street is generally even more bullish here than Rusch. Strong Buy analyst consensus rating is unanimous, based on 5 recent reviews, and the average price target of $ 23.40 suggests a robust upside potential of 139% from the trading price of $ 9.76 . (See Aeva’s stock market analysis on TipRanks.) Aqua Metals (AQMS) Our modern world has brought us a technological marvel – but also a tremendous level of industrial pollution. Lead is one of the worst pollutants. Lead has been used in a wide range of products, including pipes and batteries, from which it can seep into the environment, and then into us – where its toxic effects have been shown to be dangerous. This makes lead one of the most recycled materials in the world today. Aqua Metals specializes in clean recycling technology for lead-acid batteries. The company is using its proprietary AquaRefining process – a water-based, non-polluting, room-temperature lead refining process – to replace the current high-temperature lead smelting system. This lead smelting is one of the most polluting industries in the world. Aqua Metals has a huge potential market, as around 80% of the lead used in the battery industry is recycled. Although dangerously toxic, these batteries will be with us at least for the foreseeable future, as lead acid batteries are also the only 100% recyclable and rechargeable batteries on the market. The company is working to expand its niche and earlier this year filed patents in the area of lithium-ion battery recycling. Where lead-acid batteries are used heavily in industrial applications, lithium-ion batteries are ubiquitous in electronics – and they contain a host of other toxic metals, such as cobalt, nickel, and manganese. . Aqua Metals also hopes to apply its refining technology to these batteries. Aqua Metals’ processes are not yet operational and the company therefore has no revenue or profit to speak of. In the first quarter of 2021, Aqua Metals recorded a net loss of $ 4.1 million, or 6 cents per share, compared to the net loss of $ 4.4 million, 7 cents per share, recorded in the quarter of last year. Also in 1Q21, Aqua Metals invested $ 1.5 million in LINICO Corporation, another cleantech company in the lithium-ion battery recycling niche. Rusch is bullish on this speculative company, writing: “We continue to believe that AQMS ‘zero-emission closed-loop process technology for lead recycling is a critical catalyst for parts of the battery supply chain achieve net zero emissions and has the potential to become the de facto standard process for recycling lead as the world moves towards net zero commitments in 2040. We are considering announcing a licensing agreement and supply of equipment as the next critical validation of the business model. The 5-star analyst gives AQMS an outperformance rating (ie, Buy), as well as a price target of $ 7 which implies a one-year rise of 147%. Both recent AQMS stock reviews are positive, giving the stock its consensus moderate buy rating. The trade price is $ 2.83, and the average price target of $ 7.50 suggests a sharp 165% increase from this level. (See Aqua Metals stock analysis on TipRanks.) To get great ideas for stocks traded at attractive valuations, visit Top Stocks to Buy from TipRanks, a newly launched tool that brings together all information about stocks. by TipRanks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.