- Dana has announced multiple commercial vehicle EV awards, including projects with Daimler and Oshkosh that will launch this year.
- The auto chip shortage is unlikely to hurt Dana much, as OEMs are prioritizing chip supplies toward higher-margin pickups and SUVs, which is Dana's passenger vehicle focus.
- Stronger awards (particularly in content per vehicle) lead me to more robust revenue growth assumptions, and Dana's opportunity in commercial/off-road is particularly attractive (less risk of OEM insourcing).
- Dana shares still have upside toward $30 and high-single-digit long-term total return potential.
For further details see:
Dana Starting To Deliver On Its EV Opportunities, And The Street Has Noticed