Hitachi 12-Month Performance Beats 6 Out Of 7 2023 Magnificent 7 Stocks
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Hitachi has outperformed 6 out of 7 of the 2023 'Magnificent 7' tech stocks with a 94.9% performance over the past year, driven by its focus on electrification of renewable energy grids. Hitachi's strategic initiatives and $40 billion order backlog position it as a key player in the energy transition.
December 08, 2024 | 4:45 am
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Hitachi's stock has shown a 94.9% increase over the past year, outperforming major tech stocks due to its focus on renewable energy grid electrification and a substantial order backlog.
Hitachi's significant stock performance is attributed to its strategic focus on renewable energy and electrification, which is a growing sector. The $40 billion order backlog indicates strong future revenue potential, making it a key player in the energy transition.
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IMPORTANCE 90
RELEVANCE 100