HMC - Honda Motor Co., Ltd.

NYSE - NYSE Delayed Price. Currency in USD
23.32
+0.33 (+1.44%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close22.99
Open23.09
Bid23.30 x 1800
Ask23.64 x 900
Day's Range23.09 - 23.33
52 Week Range22.87 - 31.04
Volume596,465
Avg. Volume610,550
Market Cap41.443B
Beta (3Y Monthly)0.78
PE Ratio (TTM)4.02
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.03 (4.49%)
Ex-Dividend Date2019-03-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Plug Power Stock Is High on Innovation but Low on Profitability Potential
    InvestorPlace

    Plug Power Stock Is High on Innovation but Low on Profitability Potential

    Even after a correction of 27% from the highs of 2019, Plug Power (NASDAQ:PLUG) stock is higher by almost 100% from December 2018 levels. The rally in the PLUG stock price has been triggered by strong revenue growth, expectation of positive EBITDA in the fourth quarter and an optimistic growth target for the coming years.Source: Shutterstock After a sharp rally, I believe that Plug Power stock is likely to remain sideways or trend lower in the coming quarters. Unless something radical happens, I'll likely remain cautious on shares for these reasons: Client Concentration Is a ConcernIn the material handling and airport equipment segment, Plug Power boasts a long list of blue-chip clients. They include Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), BMW, General Motors (NYSE:GM), Honda Motor (NYSE:HMC), Toyota (NYSE:TM), Procter & Gamble (NYSE:PG), Carrefour (OTCMKTS:CRRFY), among others.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, for the year ended December 2018, Amazon and Walmart contributed to 66.7% of revenue. * 10 Stocks Under $5 to Buy for Fall While I am not suggesting potential losses of clients, PLUG's business scalability is questionable. That's especially the case for a company that has witnessed meaningful equity dilution.It is worth noting that company's agreement with Walmart commenced in 2014. Furthermore, the multi-year agreement with Amazon was initiated in 2016. During the five-year period from 2014 through 2018, the company's revenue has grown at a CAGR of 22.3% with sustained cash burn. With a small revenue base, growth has been muted.Plug Power does expect to accelerate growth in the coming years. However, with EBITDA just expected to turn positive in 2019, cash burn is likely to sustain. This might imply further equity dilution. Thus, the PLUG stock price can remain sideways to lower even if top-line growth is healthy. Looking Beyond Material Handling EquipmentThe key focus for Plug Power stock has been the material handling equipment. However, the company does not expect the segment to be a growth driver in the coming years.The next three to five years is likely to focus on expansion in the medium- and light-duty vehicles segment. On this front, the ProGen engine can be a game-changing product. Plug Power has already signed a deal with StreetScooter (a subsidiary of DHL) for delivery of ProGen hydrogen fuel-cell engines.The important point to note is that StreetScooter will initially deliver only 100 hydrogen fuel cell-powered trucks for on-road use. Therefore, the contract does not immediately add meaningful revenue.Based on the initial response, the order flow can potentially accelerate. The positive point is that the deal allows Plug Power to make inroads in terms of contact with electric vehicle manufacturers. The global EV market is likely to swell to $912 billion by 2026.Even if Plug Power taps the logistics service market, there will be enough potential to expand.Another potential positive for PLUG stock is expansion in the European markets. The agreement with StreetScooter coupled with an expanded contract with FM Logistic will help the company make its presence felt in a big market.The key question remains business scalability. The current contracts are relatively small in terms of adding to the backlog.As a matter of fact, Plug Power reported an order backlog of $540 million for the year ended December 2018. Importantly, the backlog has an execution period that ranges from 90 days to 10 years. Therefore, revenue visibility needs a boost in the coming years if PLUG stock is to trend higher. Final Words on PLUG StockPlug Power has a strong revenue guidance of $235 million to $245 million for 2019. In addition, the company expects revenue in the "medium-term" to increase to $450 million to $550 million.This growth is only possible if the company's ProGen sales gain traction in the medium and light-duty vehicle segment. The company is also looking at hybrid buses and small to mid-size cars as potential markets. However, it is too early to assume or conclude that these markets will deliver in terms of product acceptability and revenue growth.It therefore makes sense to remain in the sidelines. With a target to accelerate growth, Plug Power will need funding. Further, equity dilution can negatively impact PLUG stock.More importantly, it remains to be seen if the company's products gain wider market acceptance.As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Plug Power Stock Is High on Innovation but Low on Profitability Potential appeared first on InvestorPlace.

  • Honda (HMC) to Stop Auto Production in Argentina From 2020
    Zacks

    Honda (HMC) to Stop Auto Production in Argentina From 2020

    The move to stop auto production in Argentina from 2020 by Honda (HMC) is part of its plan of reorganizing automobile production around the globe.

  • American City Business Journals

    Automotive Minute: Rolls-Royce bids adieu to Ghost, Acura teases Type S (Photos)

    The automotive industry’s eyes are focusing on luxury this week during the annual Pebble Beach Concours d’Elegance and ahead of the official kickoff.

  • Reuters

    UPDATE 1-Honda says it will stop making autos in Argentina in 2020

    Japan's Honda Motor Co on Tuesday said it will stop producing automobiles in Argentina next year as part of a global shift in how it shares production between regions. Honda said its Campana plant in the province of Buenos Aires, which produces the HR-V model, will focus solely on making on motorcycles. Honda started making motorcycles in Argentina in 2006 and began auto production there in 2011.

  • Honda Aircraft continues two-year trend as most delivered in its class
    American City Business Journals

    Honda Aircraft continues two-year trend as most delivered in its class

    Greensboro-based Honda Aircraft Co. continued its two-plus-year dominance of its class as the most-delivered aircraft in the very light jet sector, according to data released by the General Aviation Manufacturers Association.

  • Honda's (HMC) China Venture to Recall 222,674 Accord Sedans
    Zacks

    Honda's (HMC) China Venture to Recall 222,674 Accord Sedans

    Honda (HMC) outperforms the overall market in terms of vehicle sales in China.

  • Honda named an exclusive sponsor of Riot Games 'League of Legends'
    American City Business Journals

    Honda named an exclusive sponsor of Riot Games 'League of Legends'

    Honda is boosting its stake in esports and gaming by adding a partnership with Riot Games League of Legends Championship Series.

  • (PHOTOS) Honda Power Equipment event provides rare peek into the world of Honda R&D
    American City Business Journals

    (PHOTOS) Honda Power Equipment event provides rare peek into the world of Honda R&D

    Amid the ever-expanding Triad footprint of the Honda brand and its family of companies is a little-known subsidiary that designs, tests and develops many of the products the company builds. Honda Research and Develpment has operated in Swepsonville in relative anonymity for 26 years.

  • Companies to watch: Keurig Dr Pepper's strong Q2, Cronos' revenue surges, Apple under pressure
    Yahoo Finance

    Companies to watch: Keurig Dr Pepper's strong Q2, Cronos' revenue surges, Apple under pressure

    Keurig Dr Pepper, Cronos, Apple, Honda and Starbucks are the companies to watch.

  • Honda to recall 222,674 Accord vehicles in China
    Reuters

    Honda to recall 222,674 Accord vehicles in China

    Honda Motor Co Ltd's venture with Guangzhou Automobile Group Co Ltd will recall 222,674 Accord sedans in China, market regulators said on Thursday, after recent complaints on social media about the car engine's quality. The recall is linked to a problem caused by the intercooler of the car's 1.5T turbocharged engine. In certain situations, the engine lost speed to protect the vehicle, according to a document on China's State Administration for Market Regulation.

  • Mixed Q2 Earnings Results Put Automotive ETFs in Focus
    Zacks

    Mixed Q2 Earnings Results Put Automotive ETFs in Focus

    Here we analyze the performance of certain ETFs with exposure to some major U.S. automobile industry players post their earnings release.

  • (PHOTOS) Honda Power Equipment marks 35 years with $46.5 million expansion, new product announcements
    American City Business Journals

    (PHOTOS) Honda Power Equipment marks 35 years with $46.5 million expansion, new product announcements

    Officials at Honda Power Equipment on Tuesday marked the company’s 35th anniversary by announcing a 135,000-square-foot expansion of its plant in the Alamance County town of Swepsonville.

  • Bloomberg

    As Cars Go Electric, Honda Gases Up First New Mowers in 20 Years

    (Bloomberg) -- Honda Motor Co. is racing toward an electric-powered and self-driving future for cars, but doubling down on gas-burning models for its U.S. lawn mower business.The Japanese company is investing $46.4 million to expand a plant in Swepsonville, North Carolina, where it will begin producing its first new line of mowers in 20 years. Honda is counting on the next-generation HRN line of gasoline-powered mowers -- which boast 18% more torque but no improvement in fuel efficiency -- to turn around its money-losing global power equipment business.“It’s very important to our overall business, not just from a dollars standpoint but a reputation standpoint as well,” Will Walton, vice president of Honda’s U.S. power equipment unit, said in an interview. “We have to make sure that this product is a success in the marketplace.”The HRN family of 170 cubic centimeter engine-powered mowers will replace the current generation 160cc HRR line, he said.Honda’s power equipment business could use a boost. In the most recent fiscal year ended in March, the company said the division lost 10.9 billion yen ($102 million), marking a fifth straight year in the red. North America is by far its largest market, making up 39% of the 351 billion yen in global revenue from Honda brand generators, grass mowers, snow blowers and garden tillers.Honda has sold a battery-powered autonomous lawn mover in the U.S. for the past two years, but the French-made Miimo model hasn’t been a hit with American buyers, even though it can operate quietly day or night. While Miimo “is doing very well in the European market, it’s a little more difficult for U.S. customers to get their minds around,” Walton said.Honda committed in March to electrify 100% of cars sold in Europe by 2025 and last fall invested $2.75 billion in General Motors Co.’s robot-piloted car unit. Last month, the company announced plans for a shared car and SUV platform to help it reach a goal of making two-thirds of sales EVs by 2030. It eventually hopes to share those cutting-edge technologies across its divisions, including more yard care products. “You could see any combination of semi-autonomous and full autonomous in the marketplace,” Walton said.But Honda has no immediate plans to add an electric-powered version of its popular push-mowers anytime soon, Walton said.Honda’s current annual production capacity in North Carolina is 2 million engines and the plant employs 750 full-time workers making lawn mowers, power washers and bush trimmers. The new investment gives it greater flexibility to potentially increase capacity by an unspecified amount, but Honda doesn’t expect to add jobs, said Shane McCoy, a senior vice president at the factory.The 35-year-old plant has helped Honda to adjust production quickly in the highly seasonal market for lawn care products, and the factory accounts for nearly 75% of the company’s sales of power equipment in the U.S. Honda has escaped the brunt of the Trump administration’s tariffs targeting China because the vast majority of the parts assembled in North Carolina are domestically sourced, McCoy said.To contact the reporter on this story: Kyle Lahucik in Southfield at klahucik3@bloomberg.netTo contact the editors responsible for this story: Chester Dawson at cdawson54@bloomberg.net, Craig TrudellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • HondaJet wins China certification
    American City Business Journals

    HondaJet wins China certification

    Honda Aviation Co. will begin sales of HondaJets in China after receiving certification from Chinese agency

  • GuruFocus.com

    Stocks That Fell to 3-Year Lows in the Week of Aug. 2

    Carnival PLC, UBS Group AG, Honda Motor Co. Ltd. and Canon Inc. have declined to their respective three-year lows Continue reading...

  • Honda Profit Falls 16% After U.S. Sales Sag
    Motley Fool

    Honda Profit Falls 16% After U.S. Sales Sag

    A stronger yen and weaker U.S. sales hit the bottom line.

  • Honda (HMC) Sees 16% Y/Y Decline in Q1 Operating Profit
    Zacks

    Honda (HMC) Sees 16% Y/Y Decline in Q1 Operating Profit

    Honda's (HMC) revenues decline 0.7% year over year to 4 trillion yen in the first quarter of fiscal 2020.

  • Honda first-quarter operating profit drops 16% on lower U.S. car sales
    Reuters

    Honda first-quarter operating profit drops 16% on lower U.S. car sales

    Japan's Honda Motor Co reported a 16% drop in first-quarter operating profit on Friday, as a stronger yen weighed on overseas earnings and U.S. vehicle sales dropped. Japan's No.3 automaker posted operating income of 252.4 billion yen ($2.36 billion) for the April-June period, compared with 299.3 billion yen a year ago and an average forecast of 246.9 billion yen from seven analysts polled by Refinitiv. Honda, however, reiterated its forecast for a 6% increase in operating profit to 770 billion yen for this fiscal year.

  • Why Fiat Chrysler Surged despite Its Q2 Earnings Miss
    Market Realist

    Why Fiat Chrysler Surged despite Its Q2 Earnings Miss

    Fiat Chrysler Automobiles (FCAU) released its second-quarter earnings results today before the US market opened.

  • Automotive Minute: Lexus and Honda add fresh blacked out trim levels to SUV lineup (Photos)
    American City Business Journals

    Automotive Minute: Lexus and Honda add fresh blacked out trim levels to SUV lineup (Photos)

    Toyota's luxury division and Honda are the latest automakers to announce blacked out editions of their popular SUVs.

  • Security lapse exposed weak points on Honda's internal network
    TechCrunch

    Security lapse exposed weak points on Honda's internal network

    The server contained 134 million rows of employee systems data from thecompany's endpoint security service, containing technical details of eachcomputer and device connected to the internal network

  • Mecum to offer 600 collector cars at its daytime auction
    Yahoo Finance Video

    Mecum to offer 600 collector cars at its daytime auction

    Yahoo Finance's Myles Udland and Brian Cheung speak with Dave Magers, CEO of Mecum Auctions, to discuss what will be up on this year's auction block.

  • Top trending: GOP freezes Twitter spending; 2003 Honda Accord MDX recalled
    Yahoo Finance Video

    Top trending: GOP freezes Twitter spending; 2003 Honda Accord MDX recalled

    Yahoo Finance's Julie Hyman highlights today's top trending stories.

  • Companies to Watch: Strong quarter at Keurig Dr Pepper, revenue surges for Cronos, Apple under pressure
    Yahoo Finance Video

    Companies to Watch: Strong quarter at Keurig Dr Pepper, revenue surges for Cronos, Apple under pressure

    Keurig Dr Pepper, Cronos, Apple, Honda and Starbucks are the companies to watch.