PCRFY - Panasonic Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
12.649
+0.004 (+0.03%)
As of 1:34PM EDT. Market open.
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Previous Close12.645
Open12.580
Bid0.000 x 0
Ask0.000 x 0
Day's Range12.570 - 12.680
52 Week Range12.530 - 16.200
Volume89,788
Avg. Volume407,814
Market Cap30.025B
Beta1.23
PE Ratio (TTM)13.76
EPS (TTM)0.919
Earnings DateN/A
Forward Dividend & Yield0.27 (2.12%)
Ex-Dividend Date2018-03-28
1y Target Est16.71
Trade prices are not sourced from all markets
  • Reuters6 days ago

    Inside Tesla's troubled New York solar factory

    SAN FRANCISCO/LOS ANGELES (Reuters) - Tesla Inc’s (TSLA.O) production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. Repeated hold-ups since the Buffalo, New York plant opened last year have forced Tesla's partner in the joint venture, Panasonic , to seek other buyers for the components it had built to sell to Tesla, according to a Panasonic employee, a former Panasonic employee and a former Tesla employee. The issues have also rattled the faith of state officials in Tesla's ability to deliver on investment and employment promises it made in exchange for $750 million in state subsidies.

  • Inside Tesla's troubled New York solar factory
    Reuters6 days ago

    Inside Tesla's troubled New York solar factory

    SAN FRANCISCO/LOS ANGELES (Reuters) - Tesla Inc’s (TSLA.O) production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. Repeated hold-ups since the Buffalo, New York plant opened last year have forced Tesla's partner in the joint venture, Panasonic , to seek other buyers for the components it had built to sell to Tesla, according to a Panasonic employee, a former Panasonic employee and a former Tesla employee. The issues have also rattled the faith of state officials in Tesla's ability to deliver on investment and employment promises it made in exchange for $750 million in state subsidies.

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  • Panasonic expects Tesla battery biz to contribute to profit as early as October
    Reuters14 days ago

    Panasonic expects Tesla battery biz to contribute to profit as early as October

    Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace. The Japanese firm is the exclusive battery cell supplier for new vehicles made by Tesla, which in June reached a long-elusive target of making 5,000 Model 3 cars per week, albeit amid concern about whether it could sustain that level of production. "Production at Tesla is gaining momentum," Panasonic Chief Financial Officer Hirokazu Umeda said at a briefing.

  • Panasonic expects Tesla battery biz to contribute to profit as early as October
    Reuters14 days ago

    Panasonic expects Tesla battery biz to contribute to profit as early as October

    Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace. The Japanese firm is the exclusive battery cell supplier for new vehicles made by Tesla, which in June reached a long-elusive target of making 5,000 Model 3 cars per week, albeit amid concern about whether it could sustain that level of production. "Production at Tesla is gaining momentum," Panasonic Chief Financial Officer Hirokazu Umeda said at a briefing.

  • Panasonic's first-quarter profit rises 19 percent as factory equipment sales offsets battery costs
    Reuters14 days ago

    Panasonic's first-quarter profit rises 19 percent as factory equipment sales offsets battery costs

    Japan's Panasonic Corp on Tuesday reported a 19 percent increase in first-quarter profit, beating estimates, as strong demand for factory automation equipment offset costs incurred ramping up automotive battery plants. The electronics conglomerate posted operating profit of 99.96 billion yen (£682.5 million) for April-June, from 83.93 billion yen a year prior. Panasonic maintained its profit forecast for the year through March at 425 billion yen, versus the 433.9 billion yen average of 21 analyst estimates.

  • Is Panasonic (PCRFY) a Great Value Stock Right Now?
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  • The Wall Street Journal20 days ago

    [$$] For Sale: New Jersey Tax Credits

    New Jersey’s corporate tax breaks, designed to lure and keep companies in one of the country’s highest-taxed states, are sold for cash more often than they are used to lower tax bills. Like many other states, New Jersey allows companies to sell tax credits they receive in exchange for building new offices, hiring more workers or moving to the state. Most take advantage of this, with state records showing that companies—including Panasonic and Prudential Financial Inc.—have sold or transferred about 78% of the $595 million in state tax credits doled out since 2011.

  • Look Beyond Earnings: 4 Stocks With Increasing Cash Flows
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  • Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern
    Reuters26 days ago

    Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern

    LONDON/TOKYO (Reuters) - Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. The Japanese electronics maker, the exclusive supplier of batteries to Tesla Inc, made the comments following questions from Reuters about whether the batteries contained Cuban cobalt. Two sources familiar with the matter told Reuters that some of the cobalt that Panasonic uses to make Tesla's batteries is mined in Cuba by Canadian supplier Sherritt International Corp.

  • Reuters26 days ago

    Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern

    LONDON/TOKYO (Reuters) - Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. The Japanese electronics maker, the exclusive supplier of batteries to Tesla Inc (TSLA.O), made the comments following questions from Reuters about whether the batteries contained Cuban cobalt. Two sources familiar with the matter told Reuters that some of the cobalt that Panasonic uses to make Tesla's batteries is mined in Cuba by Canadian supplier Sherritt International Corp (S.TO).

  • TheStreet.com26 days ago

    Tesla Hopes to Use 'Close to Zero' Cobalt for Its Batteries in the Near Future

    Tesla sidesteps an issue for a change, maybe. Model 3 ramp has had some bumps in the road, but Panasonic's decision to suspend ties with its cobalt supplier won't be one of them, according to a Tesla spokesperson. Panasonic produces the battery cells that Tesla uses to make battery packs for its Model S and Model X vehicles.

  • Panasonic plans to halve cobalt content of car batteries in two-three years
    Reuterslast month

    Panasonic plans to halve cobalt content of car batteries in two-three years

    Panasonic Corp plans to halve the cobalt content of its mass-produced automotive batteries "in two to three years", an executive at the Japanese conglomerate said on Thursday, as battery makers look to reduce costs. "At the research and development level, we've already achieved such batteries," Yoshio Ito, the chief of Panasonic's automotive business, said at a media roundtable. Panasonic, the exclusive battery cell supplier for Tesla Inc's (TSLA.O) current production models, previously said it was aiming to develop cobalt-free batteries, but did not give a specific time frame.

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  • Reuterslast month

    Nikkei rebounds to 1-week high after U.S. jobs data; Nissan tumbles

    Japan's Nikkei share average rebounded to one-week highs on Monday as investors took heart from U.S. jobs growth, while Eisai extended its gains to its daily-limit high on optimism for its Alzheimer's drug. Nissan declined to give further details. Analysts say investors were keeping a watchful eye the unprecedented rainfall that lashed western Japan over the weekend, killing at least 88 people and shuttering some factories.

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  • Reuterslast month

    Nissan calls off potential $1 billion sale of battery unit to China's GSR

    Nissan Motor cancelled a potential $1 billion sale of its electric car battery unit to China's GSR Capital, and while the automaker said it still aimed to find a buyer, analysts feel it could be a hard sell as the technology was not cutting edge. Japan's second-biggest automaker said on Monday the Chinese investment firm lacked the funds to make the purchase. The deal could not be closed by the June 29 deadline, Nissan said, ending a process which had faced several delays since its announcement almost a year ago.

  • Reuterslast month

    Nissan calls off potential $1 billion sale of battery unit to China's GSR

    Nissan Motor cancelled a potential $1 billion sale of its electric car battery unit to China's GSR Capital, and while the automaker said it still aimed to find a buyer, analysts feel it could be a hard sell as the technology was not cutting edge. Japan's second-biggest automaker said on Monday the Chinese investment firm lacked the funds to make the purchase. The deal could not be closed by the June 29 deadline, Nissan said, ending a process which had faced several delays since its announcement almost a year ago.

  • Reuterslast month

    Panasonic to consider more investment in Tesla's Gigafactory if asked - executive

    Panasonic Corp would consider further investment in Tesla Inc's (TSLA.O) so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday. The investment would come on top of the $1.6 billion (1.21 billion pounds) Panasonic is contributing to the automotive battery plant, which it jointly operates with Tesla in the U.S. state of Nevada. "We would of course consider additional investment if we are requested to do so," Yoshio Ito, chief of Panasonic's automotive business, said at a media roundtable, responding to a question about the possibility of further investment, given the chance.

  • Panasonic to consider more investment in Tesla's Gigafactory if asked: executive
    Reuterslast month

    Panasonic to consider more investment in Tesla's Gigafactory if asked: executive

    Panasonic Corp would consider further investment in Tesla Inc's so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday. The investment would come on top of the $1.6 billion Panasonic is contributing to the automotive battery plant, which it jointly operates with Tesla in the U.S. state of Nevada. "We would of course consider additional investment if we are requested to do so," Yoshio Ito, chief of Panasonic's automotive business, said at a media roundtable, responding to a question about the possibility of further investment, given the chance.