Tariffs on Canadian autos, parts and steel set for 2027 have jolted the story of North American manufacturing, and suddenly onshoring is more than just a political slogan. Supply chains that once treated the border as a formality now face fresh friction, which could shift where factories, warehouses and jobs sit. This article looks at three U.S. manufacturers exposed to that news and how this shift could shape their risk and potential.

The stocks highlighted below are just a starting sample, and the full screen surfaced 21 more U.S. auto and industrial manufacturers with equally compelling onshoring stories that are not covered here. To go straight to the broader opportunity set, use the U.S. Onshoring of Auto and Industrial Manufacturing screener to analyze, compare, and identify the highest conviction plays for your watchlist.

Mobileye Global (MBLY)

Overview: Mobileye Global supplies advanced driver assistance and autonomous driving systems that sit inside cars built by global automakers, including U.S. manufacturers, helping power features like automatic braking, lane keeping and highway hands free driving. As onshoring nudges more vehicle production into U.S. plants, Mobileye benefits less from where the cars are built and more from how many of those domestically produced vehicles ship with its safety and autonomy technology onboard.

Operations: Mobileye generated about US$2.0b in 2024 revenue, with roughly US$2.0b from its core Mobileye segment and smaller contributions from Other, and its sales are spread across the U.S. (US$440 million), China (US$462 million) and a wide mix of European and Asian markets.

Market Cap: US$7.7b

Mobileye Global gives you exposure to the shift toward safer, more automated vehicles, which can matter even more if U.S. auto production grows as cross border supply chains face new friction. The company is still reporting losses and carries funding and governance questions. Analysts expect strong revenue and earnings growth, and insiders have been buying shares through 2026 after a sharp price pullback, which signals internal confidence in the long term ADAS and robotaxi roadmap. Tariffs could temporarily weigh on volumes for some automaker customers, but Mobileye’s broad global reach and deep integration into OEM platforms mean that any production reshuffling may still leave it supplying many of the vehicles that ultimately roll off U.S. lines.

Mobileye Global’s story of shrinking losses, insider buying and deep automaker integration is only half the picture. Review the analyst forecasts for Mobileye Global to see what those expectations might be missing about the road ahead.

Xometry (XMTR)

Overview: Xometry is a U.S based, AI powered manufacturing marketplace that connects industrial and automotive buyers with a wide network of machine shops and fabrication suppliers, giving instant pricing and lead times on custom parts while also running Thomasnet, a large online directory of industrial suppliers and services. Its tools span instant quoting, digital marketing, workflow software and payments, aiming to pull more of the procurement process for complex parts into a single digital platform.

Operations: Xometry generated about US$807 million in 2024 revenue from its Internet Software & Services marketplace model, with roughly US$677 million from the U.S. and US$130 million from international markets.

Market Cap: US$4.8b

Xometry may warrant attention for investors who expect U.S. onshoring to influence how auto and industrial buyers source parts domestically and use digital channels. The company serves aerospace, automotive, medical and defense customers and uses AI to match orders across a broad supplier network, which can help buyers adjust when tariffs or logistics affect cross border routes. At the same time, Xometry is still unprofitable, spends heavily on technology and faces growing competition, so its long-term results depend on how effectively management can translate revenue growth and enterprise adoption into durable earnings and a stable role in manufacturing procurement.

Xometry’s AI fueled marketplace could be much earlier in its story than many investors assume. Read the analyst forecasts for Xometry to see where expectations converge and where a single overlooked risk or upside twist might change the picture.

Array Technologies (ARRY)

Overview: Array Technologies manufactures and sells solar tracking systems and related software that help utility scale solar farms in the U.S. and abroad squeeze more energy out of each panel. As more factories and industrial projects move onshore and look for reliable power, Array’s trackers can be a key piece of the renewable infrastructure that supports that build out.

Operations: Array Technologies generated about US$1.1b in 2024 revenue from its Array Legacy Operations segment and about US$82 million from STI Operations.

Market Cap: US$722 million

Array Technologies gives you exposure to utility scale solar hardware at a time when U.S. onshoring and tariff shocks are pushing more attention toward domestic power and supply chains. The company has grown through a broad product set, including DuraTrack and OmniTrack systems and new Atlas integration tools, and has worked to onshore components and cut tariff exposure, which can matter as steel, aluminum and import costs move around. At the same time, Array is in a transition phase, with recent profits under pressure and a balance sheet that leans on external borrowing. The key question for investors is whether the current valuation gap and any anticipated earnings improvement adequately compensates for that execution and funding risk.

Array Technologies’ onshoring push and utility scale solar reach could be masking a much more complex funding story. Walk through the Array Technologies financial health report to see what might really be driving the next chapter.

Seeking Alternatives Before Everyone Else?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.