Buy Gentherm Stock. The Small-Cap Is Poised to Ride the EV Boom. | Barron's

2022-08-20 07:40:14 By : Mr. James Wang

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https://www.barrons.com/articles/buy-gentherm-stock-small-cap-electric-vehicle-boom-51637952887

The road to Dracula’s castle winds through Transylvania’s rolling mountains. The stylish way to go is in the Carpathian Edition of the Land Rover Defender, a $112,000 sport utility vehicle with a high-tech ride and seating, including thermoelectric devices to keep you toasty or cool.

The seating technology comes from Gentherm (ticker: THRM), a small-cap auto supplier based in Northville, Mich. The company has 60% of the global market for heated and air-conditioned seats, towering over its next competitor at 10%. Climate-control products account for 37% of Gentherm’s total sales, estimated at $1 billion in 2021. The rest of the business consists of other seating products and automotive components, and a small medical-device division.

The road to Dracula’s castle winds through Transylvania’s rolling mountains.

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