Meritor’s Truck Parts Are Geared Toward an Electric Vehicle Future. Its Stock Could Double.

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Meritor’s e-axles can be used on trucks that get electricity from fuel cells or batteries.

Courtest of Meritor

Even electric trucks need axles.

You wouldn’t know that by looking at Meritor stock (ticker: MTOR). Shares of the Troy, Mich.–based maker of heavy-duty truck parts have dropped more than 23%, to $21.31, this year, a sign that investors are fretting not only about issues like inflation and the business cycle but also about the company’s future in a world that’s increasingly going electric.


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