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.

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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

Panasonic has reaffirmed its plans to build a third electric vehicle (EV) battery plant in the United States, according to a Nikkei report. This move is part of Panasonic's strategy to meet the growing demand for EV batteries, particularly from major automakers in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:22 pm

Panasonic Holdings is collaborating with Amazon to create smart TVs that recommend content based on user viewing history. Showcased at CES, the OLED model with Amazon's Fire TV will launch in Japan and Europe in spring. The TVs will also aim to integrate with in-vehicle displays and smartphones for a seamless content experience. Despite a 5% decline in global flat-screen TV shipments in 2022, Panasonic is innovating to compete with market leaders like Samsung and Hisense.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 5:06 pm

Panasonic Holdings Corporation has canceled plans to build a new electric vehicle battery plant in Oklahoma, which was intended to supply batteries for Tesla, Inc. Despite this, Panasonic Energy reaffirms its commitment to the EV industry in the U.S. and its operations in Nevada and Kansas remain unaffected. The company recently agreed to buy silicon anode material from Sila Nanotechnologies Inc. for use in EV batteries. Panasonic's stock (PCRFF) fell by 0.93% to $9.56.

Portfolio Pulse from Nabaparna Bhattacharya

December 20, 2023 | 1:43 pm

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