Wuka/iStock Unreleased via Getty Images Elevator Pitch I still award a Buy investment rating to Panasonic Holdings (OTCPK:PCRFY) (OTCPK:PCRFF) [6752:JP] stock. My previous July 18, 2023 write-up was focused on explaining how Panasonic is leveraging growth opportunities associated with Electric Vehicles and AI. With this latest article, I touch on Panasonic’s capital return in the…
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down. Shares of Tesla Inc (NASDAQ: TSLA) have…
Amid the euphoria of a robust first quarter, Panasonic has decided to maintain its full-year profit predictions. Japanese electronics giant, Panasonic Holdings Corp (TYO: 6752) renowned for its diverse product portfolio has recently reported a stellar Q1 profit performance. According to reports, the company’s operating profit came in at an impressive 90.37 billion yen ($637…