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Power Play: The bullish case for Hexcel

Boeing 787-9 Dreamliner
VCG/VCG | Getty Images

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.