Streetbeat News

POAHY

Porsche Automobil Holding SE

https://www.porsche-se.com/

Industry

Automobile Manufacturing

Open

4.11

Mkt cap

6.2B

Volume

15K

High

4.11

P/E Ratio

3.02

52-wk high

5.58

Low

4.06

Div yield

0.07

52-wk low

3.47

Porsche AG announced that its vehicle development and battery activities will impact its operating profit and automotive net cash flow by up to 800 million euros in 2025.

Portfolio Pulse from

February 06, 2025 | 7:45 pm

Porsche's supervisory board is in discussions to terminate the contracts of CFO Lutz Meschke and sales chief Detlev von Platen early. This move comes as the company faces challenges with declining earnings and weak sales in China.

Portfolio Pulse from

February 02, 2025 | 11:00 am

Porsche Cars North America, Inc. (PCNA) announced a new record for U.S. retail deliveries in 2024, totaling 76,167 vehicles, marking a 1% increase from the previous record in 2023.

Portfolio Pulse from

January 13, 2025 | 1:30 pm

Porsche Cars Canada reported a 2.5% decrease in sales for 2024, with 10,374 units sold. Despite the decline, the 718 Boxster and 911 models set new sales records, and the company achieved its best performance in certified pre-owned sales.

Portfolio Pulse from

January 13, 2025 | 1:15 pm

Porsche AG reported a 28% decline in 2024 China sales, highlighting challenges in the Chinese car market for German automakers.

Portfolio Pulse from

January 13, 2025 | 7:30 am

Porsche SE, the top shareholder of Volkswagen, anticipates an impairment on its investment in the carmaker of up to 20 billion euros.

Portfolio Pulse from

December 13, 2024 | 6:45 pm

Volkswagen's subsidiary Porsche is accelerating its shift to electric vehicles by ending the production of some internal combustion engine models earlier than planned. This move follows Volkswagen's recent $5 billion investment in Rivian Automotive, a competitor to Tesla. Porsche will discontinue petrol-powered versions of its Macan SUV and 718 sports cars to focus on electric versions.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:57 am

Chinese carmakers have urged Beijing to increase tariffs on European gasoline cars in retaliation for the EU's tariffs on Chinese-made electric vehicles. This move could impact several car manufacturers, including BYD, BMW, Volkswagen, and Porsche.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 11:57 am

Xiaomi (OTC:XIACF) announced its first electric vehicle, the SU7 sedan, will be priced below $70,000. The vehicle, with two versions offering up to 800km range, surpasses Tesla's Model S in range. Official pricing will be revealed on March 28, with orders starting subsequently. Xiaomi aims to enter the top five automakers, with the CEO comparing the SU7 to Porsche Taycan and Tesla Model S. Despite new initiatives expenses, Xiaomi reported a 126.3% year-on-year profit growth for 2023.

Portfolio Pulse from Anan Ashraf

March 25, 2024 | 12:01 pm

Porsche AG (OTC:POAHY) has seen its market value decrease by about a fifth since last year, with its price-to-earnings multiple also declining, contrasting with the high expectations from its IPO. Challenges such as a downturn in China, Porsche's largest market, and production issues with the electric Macan SUV have contributed to the decline. Despite this, analysts see a potential 34% gain in Porsche's stock over the next 12 months. Porsche is set to reveal its electric Macan in Singapore, which aligns with its strategy to innovate while maintaining brand identity.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 11:56 am

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