Billionaire Prem Watsa’s 10 Stock Picks With Highest Potential

4. ATS Corporation (NYSE:ATS)

Number of Hedge Fund Holders: 10

Fairfax Financial Holdings’ Stake: $73.87 Million

Analysts’ Upside Potential as of April 21: 58.53%

ATS Corporation (NYSE:ATS) is a leading provider of innovative manufacturing solutions, specializing in custom-designed and installed automation systems for diverse industries. It offers custom automation, repeat automation, automation products, and contract manufacturing, serving clients in sectors like life sciences, food & beverage, transportation, and consumer goods. While the stock is down by about 23% year to date, it commands a consensus Buy rating on Wall Street.

The bullish stance comes from ATS Corporation (NYSE:ATS) recording its second-highest bookings quarter in Q3 fiscal 2025. Order bookings totalled $2.44 billion against $2.1 billion a year ago. The order backlog should provide significant revenue visibility and a solid foundation to drive customer and shareholder value.

Robust order book underscores stronger organic growth and significant contributions from acquisitions. Nevertheless, ATS Corporation (NYSE:ATS) delivered a drop in revenues in Q3 FY25 of $652 million compared to $752 million the previous year. The significant revenue drop came as the company felt the impact of reduced market demand in the North American EV market, partially offset by growth in life sciences and food beverages.