Streetbeat News

PCRFY

Panasonic Holdings Corporation

https://www.panasonic.com/

CEO

Kazuhiro Tsuga

Industry

Audio and Video Equipment Manufacturing

panasonic corporation is one of the largest electronic product manufacturers in the world, comprised of over 634 companies. it manufactures and markets a wide range of products under the panasonic brand to enhance and enrich lifestyles all around the globe.

Open

9.38

Mkt cap

22B

Volume

14K

High

9.38

P/E Ratio

6.59

52-wk high

12.75

Low

9.21

Div yield

0.02

52-wk low

8.59

Panasonic is at risk of losing its IRA credits, but the stock is considered undervalued, presenting a potential investment opportunity.

Portfolio Pulse from

December 15, 2024 | 1:00 pm

Panasonic Holdings Corporation has been upgraded to a Buy rating due to strong revenue growth in its Generative AI and HVAC businesses. The company saw significant sales increases in conductive polymer capacitors for AI servers and energy storage systems, and aims to improve its HVAC business operating margin.

Portfolio Pulse from

December 11, 2024 | 8:15 pm

Panasonic has completed preparations for mass production of high-capacity 4680 EV batteries at its Wakayama plant, which will serve as a testing site for global processes. This move is crucial for the EV market as demand for efficient batteries grows. Panasonic is a key supplier for Tesla, which faces competition from Chinese automakers.

Portfolio Pulse from Benzinga Neuro

September 09, 2024 | 9:49 am

Nouveau Monde Graphite (NYSE:NMG) is challenging China's dominance in the graphite supply chain, critical for lithium-ion batteries. With China restricting graphite exports, NMG's Quebec deposits and partnerships with Panasonic (OTC:PCRFY) and General Motors (NYSE:GM) position it as a key North American supplier. Caterpillar Inc (NYSE:CAT) is collaborating with NMG to create the world's first all-electric open pit mine, emphasizing responsible mining.

Portfolio Pulse from Neil Dennis

March 24, 2024 | 7:13 pm

FPX Nickel Corp. (OTC:FPOCF) has secured funding through 2025 with the backing of Sumitomo Metal Mining (OTC:SMMYY) and other strategic partners, despite a challenging financing market for junior mining companies. This funding, crucial for FPX's exploration of nickel for electric vehicle batteries, highlights a trend where battery and EV manufacturers invest in miners to secure future metal supplies. Other companies like Mitsubishi Corp. (OTC:MSBHF) and Frontier Lithium Inc. (OTC:LITOF) have also engaged in similar strategic investments.

Portfolio Pulse from Matt Whittaker

March 20, 2024 | 8:03 pm

Toyota Motor Corporation (NYSE:TM) is set to acquire full ownership of Primearth EV Energy Co., Ltd. (PEVE), a joint venture with Panasonic Holdings Corporation (OTC:PCRFY), to expand its battery production for electric vehicles. This move aims to enhance Toyota's capabilities in mass-producing automotive batteries, including those for hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs), supporting Toyota's goal of carbon neutrality. The acquisition is expected to be completed in late March.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 1:10 pm

Panasonic Holdings (OTC:PCRFY) reported Q3 earnings, beating estimates with an EPS of $0.32 against the expected $0.23, a 39.13% beat. However, revenue declined by $540 million from the previous year. Despite beating last quarter's EPS estimates, the share price dropped by 6.52% the following day.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 11:40 am

Panasonic Holdings (OTC:PCRFY) is expected to report quarterly earnings on 2024-02-02 with an estimated EPS of $0.23. Historical data shows mixed reactions to past earnings, with a notable 6.52% drop after last quarter's beat. Shares have risen 7.87% over the past year, indicating positive long-term investor sentiment. The upcoming earnings and guidance will be crucial for short-term stock movement.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:00 pm

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), during an earnings call, highlighted the competitive edge of Chinese automakers, particularly noting their potential to 'demolish' global rivals if not for trade barriers. Musk acknowledged BYD (OTC:BYDDF) (OTC:BYDDY) as a key battery supplier, along with Panasonic (OTC:PCRFF) (OTC:PCRFY), CATL, and LG (OTC:LGEIY), and plans to increase orders in 2024. Despite Tesla's revenue increase to $25.17 billion in Q4, it fell short of expectations. The rise of Chinese EV makers like BYD, which outsold Tesla in the last quarter, is intensifying competition, prompting Tesla to reduce prices in China and Europe.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 3:10 am

InterDigital, Inc. has renewed its patent license agreements with Panasonic Entertainment & Communication Co., Ltd. The renewals extend Panasonic's license under InterDigital's HEVC patents and its digital TV license under InterDigital's joint licensing program with Sony. Financial terms of the agreements were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:03 am

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