Have you ever wondered who produces those batteries necessary for the electrification of traffic? Here are some points to a global leader in this field.
Panasonic Corporation is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan.
Mission Statement: “To serve as a one-stop solutions provider that achieves manufacturing excellence through process and product innovation to deliver environmentally friendly products.”
Newsflow:
Panasonic’s most sexy cooperation is clearly with Tesla in the lithium-ion battery business. The investments in the Gigafactory could soon pay off for Panasonic. And compared with Tesla, Panasonic as a supplier is already profitable!
Plus - there is collaborates with the company in the solar cell business and started the production of solar cells in summer 2017 at its Buffalo, New York, factory. Panasonic will continue its investment in the factory going forward and plans to raise solar cell production capacity to 1 GW by 2019.
To point out, Tesla and Panasonic have finalized an agreement in December 2016 to begin the manufacturing of photovoltaic (PV) cells and modules at the Buffalo, NY factory.
Today PCRFY’s stock price is about 15.47 US-Dollar a share.
Fundamental Data:
P/E ratio: 20.76 / Sales growth: -2.09 / Profit growth: 7.67% / Dividend: JPY 25.00/1.44% (Source: teletrader).
Chart Tools:
What say the technical analysis methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The black line in the chart: the starting price of the idea is 15.47 US-Dollar.
The red line in the chart: the stop loss is lying at 14.50 US-Dollar. (The risk of the idea is around 6.3 %).
Oscillator: The RSI of PCRFY forwarding to overbought territory and still goes up.
Trend indicator: MACD (Moving Average Convergence/Divergence) crossed recently into the positive zone and the trend goes up.
Conclusion:
A bull factor is the cooperation with Tesla and the fact: Panasonic is a leader in battery production. So the future of the company seems to be bright as batteries will be the new fuel for the world.
The news and the trend in the chart could stimulate further growth. These are the main reasons why Panasonic Corporation basically could be worth an investment/position trade.
Stay tuned on this site and have fun to follow my ideas.
Disclosure:
“Both Wikifolio's, UMBRELLA and FuTureUS can be invested in Panasonic Corporation.
The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”