Panasonic Stock News

NEWARK, N.J.--(BUSINESS WIRE)--Panasonic Connect North America today announced additions to its AV solution suite to power innovative and engaging visual experiences across industries. The dynamic visuals of immersive exhibitions are no longer reserved just for entertainment venues: they are key to engaging audiences from classrooms to corporate meeting rooms to houses of worship. “As more indu...

Globally, the electric vehicle industry has faced multiple headwinds. These have come in the form of macroeconomic headwinds, higher interest rates, and intense industry competition.

A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay investing in additional plants to boost its automotive battery capacity in North America, the Japanese group's chief executive said.

Panasonic's stock is currently at a low point due to its association with the declining EV industry. The US is increasing tariffs on Chinese lithium-ion batteries, potentially making Chinese imports more expensive than US-produced cells. Panasonic's ADR ticker changed from PCRFY to PCRHY, and the company terminated its deposit agreement with JP Morgan.

Even amidst macroeconomic headwinds, the S&P 500 index has remained resilient. For the year-to-date, the index has trended higher by 10%.

Undervalued battery stocks present exciting opportunities for investors as the world transitions to clean energy sources and electric vehicles become increasingly prevalent. While some well-known companies in the battery industry receive significant attention, there are several lesser-known gems that are poised for growth and offer attractive entry points for savvy investors.

Panasonic Holdings Corporation (OTCPK:PCRFY) Q4 2024 Results Conference Call May 9, 2024 2:30 AM ET Conference Call Participants Kenji Yasui - UBS Securities Yu Okazaki - Nomura Securities Junya Ayada - JPMorgan Securities Mikio Hirakawa - BofA Securities Kota Ezawa - Citi Group Securities Yasuo Nakane - Mizuho Securities Unidentified Company Representative I'd like to now present the fiscal 20...

Blue-chip stocks are generally associated with slow and steady returns. However, there can be exceptions when blue-chip stocks move like growth stocks.