|Bid||82.72 x 800|
|Ask||83.05 x 1000|
|Day's range||78.33 - 83.32|
|52-week range||66.47 - 93.15|
|Beta (5Y monthly)||1.50|
|PE ratio (TTM)||11.81|
|Earnings date||31 Jan 2024 - 05 Feb 2024|
|Forward dividend & yield||1.60 (1.92%)|
|Ex-dividend date||21 Nov 2023|
|1y target est||85.36|
Electrification and efforts for carbon neutrality have upended the auto industry. While there have been some recent hiccups, most agree the path towards battery electric power is happening.
The sustainable boating market is still nascent, thanks to a tough economic climate for companies and technological challenges such as developing the lighter-weight batteries that are needed to run the boats’ more powerful electric motors. But like EVs, electric-powered boats are increasingly ready for open waters. The electric boat market alone is expected to grow to $7.7 billion by 2030, more than doubling the current market. So how can investors play the growing sustainable boating space? Citi Leisure and Travel Analyst James Hardiman suggests Brunswick (BC). “They have a regular business between their boats, their engine business, and then their parts and accessories, which are sort of the cash cows, right, and that allows them to invest in future technologies, and ultimately future-proofing their business,” Hardiman says about Brunswick’s investments in sustainable boating technologies, specifically electrification. Sustainable fuels, like eFuels, are another green alternative poised to play a role in the future boating industry. “There’s about 12 million registered power boats in the United States today that are going to rely on liquid fuels for quite some time,” says Jeff Wasil, Director of Environmental Health and Safety Compliance with the National Marine Manufacturers Association. eFuels work with traditional boating infrastructure while providing reliable power, which makes it a viable option not only for existing recreational boats but also for larger cargo ships. Check out the full episode of Next, which includes a hands-on with Brunswick’s Mercury Avator line of electric outboard motors.