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Power Play: The bullish case for Hexcel

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Hexcel is underperforming the market, down 12 percent over the past year, but things may be turning around for the composite materials manufacturer.

Ira Rothberg, portfolio manager of the Morningstar 5-star rated Hennessy Focus Fund, tells CNBC's "Power Lunch" on Friday he recently added Hexcel to his portfolio.

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"We believe Hexcel has excellent growth prospects as Boeing and Airbus compete to make lighter, more durable and more fuel-efficient planes," Rothberg said.

He points out that more than 50 percent of the Boeing 787 and Airbus 350 are composites now compared to just 10-15 percent on earlier generations of the aircraft.

"As the most vertically integrated supplier in the industry, Hexcel is better able to control cost, quality and delivery of its product; vertical integration allows it to offer enhanced design flexibility and support to customers worldwide," Rothberg said.

Hexcel is down almost one percent during trading.