Streetbeat News

HTHIY

Hitachi Ltd.

https://www.hitachi.co.jp/

CEO

Toshiaki Higashihara

Open

51.80

Mkt cap

119B

Volume

7.9K

High

51.90

P/E Ratio

27.41

52-wk high

56.65

Low

51.66

Div yield

0.01

52-wk low

27.31

Hitachi (OTC:HTHIY) has issued the largest digital green bonds in Japan, totaling $68 million, with a coupon rate of 0.598%. Nippon Life Insurance purchased half of the offering. The bonds, which are part of Japan's move towards innovative issuance in the corporate debt market, will leverage the Green Tracking Hub to enhance transparency of environmental impacts. The hub is developed by Hitachi and JPXI, with blockchain support from BOOSTRY. Trading on the exchange is set to begin at the end of December.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 2:38 pm

President Joe Biden has issued a 'Hazard Alert' to protect workers from the ongoing heatwave in the U.S. and pledged to invest in combating the impact of extreme weather events. The air conditioning market is expected to grow significantly due to the increasing demand caused by climate change. U.S.-based companies Carrier Global Corp, Whirlpool Corporation, and Emerson Electric Co are seeing positive trends, while non-U.S.-based companies like Electrolux AB, Hitachi Ltd, Mitsubishi Electric ADR, and Toshiba Corp are also experiencing favorable pricing trends.

Portfolio Pulse from AJ Fabino

July 27, 2023 | 6:05 pm

The global air conditioning market is expected to grow at a compound annual growth rate of 6.2% from 2022 to 2028, reaching a value of $172.48 billion by 2028, driven by rising temperatures and worsening air quality. The Asia Pacific region, followed by North America and Europe, will be the main contributors to this growth. Several US-based air conditioner stocks have seen price increases over the past month, including Carrier Global Corp (NYSE:CARR), Whirlpool Corporation (NYSE:WHR), and Emerson Electric Co (NYSE:EMR).

Portfolio Pulse from Natan Ponieman

July 18, 2023 | 6:57 pm

Sony Group Corp is increasing its R&D spending in its game business, with a focus on live service games and the metaverse. The company plans to invest $2.13 billion into R&D for its game segment for FY24. Sony is shifting from a hardware focus to a subscription-based business model and expects the market for add-on style games to surpass the market for hardware like the PlayStation for the first time in 2026. Sony also plans to use the technology it develops in its game business in other fields, such as in-vehicle content for the electric car it is developing with Honda Motor Company.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 10:54 am

Due to the increasing frequency and severity of wildfires, particularly in Canada, air quality in major US cities is deteriorating. This has led to a rise in the use of face masks and air purifiers. Companies such as 3M, Honeywell, and Kimberly-Clark, which manufacture N95 masks, and Whirlpool Corporation, LG, Hitachi, and Panasonic, which produce air purifiers and air conditioning units, could benefit from this trend.

Portfolio Pulse from Natan Ponieman

June 29, 2023 | 5:56 pm

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