La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Hitachi a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Hitachi..

Hitachi (OTC:HTHIY) Azioni, Catena delle Opzioni

Hitachi

HITACHI LTD ADR

Hitachi Ltd provides IT services and has an expertise in the range of business fields, including financial services. The company's main products and services include system integration, consulting, cloud services, servers, storage, software, telecommunications and networks, and ATMs. Hitachi operates in various segments namely, Information and Telecommunication Systems; Social Infrastructure and Industrial Systems; Electronic Systems and Equipment; Construction Machinery; High Functional Materials and Components; Automotive Systems; Smart Life and Ecofriendly Systems; Financial Services; and Others.

Hitachi Ltd

Hitachi Rail subsidiary of Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIF#OTC">HTHIF</a>)&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) has announced the integration of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) technology to enhance its railway operations, aiming to reduce maintenance costs and <a href="https://www.benzinga.com/news/24/09/41010963/nvidia-stock-is-ripping-higher-tuesday-whats-going-on">improve transit reliability</a>.
What Happened: Hitachi Rail, a global leader in transportation, is adopting Nvidia technology to enhance railway operations, reduce maintenance costs, and improve transit reliability, the company said in a news release on Monday.
The company is incorporating the NVIDIA IGX platform into its HMAX system to process sensor and camera data in real time. This integration aims to expedite the detection of track issues, monitor power line degradation, and assess the health of trains and signaling equipment.
Hitachi Rail estimates that proactive maintenance is seven times less costly than emergency repairs. The company's existing AI systems have already reduced service delays by up to 20% and maintenance costs by up to 15%, while cutting energy consumption by up to 40%, according to Nvidia&#8217;s blog post.
Koji Agatsuma, Executive Director and CTO of Rail Vehicles at Hitachi Rail stated, &#8220;Using previous digital monitoring systems, it would take a few days to process the data and discover issues that need attention. If we can instead conduct real-time prediction using NVIDIA technology, that enables us to avoid service disruptions and significantly improve safety, reliability, and operating costs.&#8221;
The new AI applications, developed using NVIDIA AI Enterprise software, will be available through the HMAX platform. These tools will help operators monitor train fleets and infrastructure more efficiently, providing timely alerts and optimizing maintenance schedules.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973101/bitcoin-ethereum-rise-dogecoin-slips-as-market-reacts-to-harris-crypto-mention-analyst-bel?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Rise, Dogecoin Slips As Market Reacts To Harris&#8217; Crypto Mention: Analyst Believes It&#8217;ll Be &#8216;Game Over&#8217; For Bears If King Crypto Breaches $64K</a>
Why It Matters: The integration of Nvidia technology into Hitachi Rail&#8217;s operations is part of a broader trend of AI adoption in various industries. Recently, Nvidia&#8217;s stock surged following reports that CEO Jensen Huang had completed selling company shares under a <a href="https://www.benzinga.com/news/24/09/41010963/nvidia-stock-is-ripping-higher-tuesday-whats-going-on">trading plan earlier than expected</a>.
Moreover, Nvidia has been actively expanding its <a href="https://www.benzinga.com/markets/asia/24/09/41005816/alibaba-partners-with-nvidia-to-advance-ai-autonomous-driving-chart-indicates-positive-momentum">AI capabilities through strategic partnerships</a>. For instance, Alibaba Group Holdings recently teamed up with Nvidia to enhance AI and autonomous driving technologies. 
Price Action: Nvidia&#8217;s stock closed at $120.87 on Tuesday, up 3.97% for the day. In after-hours trading, the stock continued to rise, up 0.76%. Year to date, Nvidia has surged by 150.92%. 
Meanwhile, Hitachi&#8217;s stock on the Japanese exchange is trading at 3,824 JPY, down 0.83%. Despite the day&#8217;s decline, Hitachi&#8217;s stock has risen by 88.00% year to date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

Equities

News

Markets

Tech

HTHIF

HTHIY

NVDA

Nvidia's AI Tech Hits The Tracks: Hitachi Rail Taps Into Real-Time Maintenance To Boost Reliability, Slash Costs

In a market landscape clouded by <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40199294/wall-street-rebounds-after-selloff-vix-falls-dollar-surges-against-yen-whats-driving-marke">recession fears, sell-offs and rebounds</a>, Macquarie has identified 10 Asian stocks it believes are primed for a comeback. 
Amidst the turmoil of declining global markets, these stocks have weathered the impact of the recent drawdown and are now positioned as <a href="https://www.benzinga.com/markets/asia">top buying opportunities</a>.
Macquarie&#8217;s list of &#8220;highest conviction&#8221; stocks includes semiconductor giants:
<ul>
<li>Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</li>
<li>SK Hynix Inc (OTCPK: HXSCF) (OTCPK: HXSCL) and </li>
<li>Alchip Technologies Ltd (OTCPK: ALCPF).</li>
</ul>
These companies reflect a bullish stance on the technology sector despite current concerns surrounding Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), <a href="https://www.cnbc.com/2024/08/07/macquarie-names-10-asia-stocks-that-have-borne-the-brunt-of-sell-off.html">reported</a> CNBC.
Other notable names include: 
<ul>
<li>Hitachi Ltd (OTCPK: HTHIF) (OTCPK: HTHIY)</li>
<li>NEC Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NIPNF#OTC">NIPNF</a>)</li>
<li>Wiwynn Corp. </li>
<li>Sugi Holdings Co Ltd </li>
<li>Daiichi</li>
<li>Sankyo Co Ltd (OTCPK:DSKYF) (OTCPK:DSNKY), and </li>
<li>HD Hyundai Electric. </li>
</ul>
These selections underscore Macquarie&#8217;s confidence in Asia&#8217;s ability to weather global market challenges.
According to Macquarie equity strategists led by Peter Williamson, &#8220;As stock pickers, we focus on a basket of stocks that we believe will emerge from the current drawdown, and which will present a buying opportunity for investors as this bout of volatility subsides.&#8221;
Read Also: <a href="https://www.benzinga.com/news/24/08/40169330/nvidia-microsoft-apple-amazon-erase-1-1-trillion-in-monday-sell-off-bubble-burst-or-market-correctio">Nvidia, Microsoft, Apple, Amazon Erase $1.1 Trillion In Monday Sell-Off: Bubble Burst Or Market Correction?</a>
Why These Stocks? They maintain robust fundamental growth drivers, making them compelling choices for long-term investors, the strategists say.
These companies can withstand emerging macro uncertainties, such as a recession or the unwinding of the Japanese yen carry trade. 
The week opened with Japan&#8217;s stock market <a href="https://www.benzinga.com/markets/equities/24/08/40152271/mohamed-el-erian-grant-cardone-and-matt-weller-warn-of-deepening-global-market-selloff-as-yen-ri">taking a nosedive of over 12%</a> on Monday before rebounding slightly. The S&amp;P 500 too, experienced its worst single-day performance in nearly two years, plummeting 3% in one day.
The technology and banking sectors saw significant declines as investors scrambled.
Macquarie&#8217;s strategy reflects a calculated gamble on the resilience and potential growth of Asian markets. 
While market volatility persists, Macquarie&#8217;s conviction in these stocks provides a potential pathway to profits for savvy investors.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/08/40215270/japans-nikkei-lifts-asia-europe-gains-crude-oil-and-dollar-advance-global-markets-today-while-us-sle">Japan&#8217;s Nikkei Lifts Asia, Europe Gains; Crude Oil And Dollar Advance &#8211; Global Markets Today While US Slept</a></li>
</ul>

Analyst Color

Long Ideas

Global

Analyst Ratings

Trading Ideas

ALCPF

DSKYF

DSNKY

HXSCF

HXSCL

NIPNF

Recession-Resilient Asian Stock Picks: TSMC, SK Hynix Among This Analyst's Top 10

<a href="https://www.bloomberg.com/news/articles/2024-06-18/hitachi-is-said-to-plan-selling-its-stake-in-johnson-aircon-jv" title="https://www.bloomberg.com/news/articles/2024-06-18/hitachi-is-said-to-plan-selling-its-stake-in-johnson-aircon-jv">https://www.bloomberg.com/news/articles/2024-06-18/hitachi-is-said-to-plan-selling-its-stake-in-johnson-aircon-jv</a>

Asset Sales

Bloomberg Reported Earlier: -Hitachi Is Planning To Sell Its 40% Stake In An Air-Conditioning Joint Venture With Johnson Controls

Kansai Electric Power Co. is set to issue Japan&#8217;s second transition bond to fund nuclear power projects.
What Happened: The Osaka-based utility aims to raise approximately ¥30 billion ($191 million) through the sale of transition notes in two tranches in July, according to SMBC Nikko Securities Inc., one of the underwriters, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-10/japan-set-for-next-nuclear-power-funding-bond-with-kansai-deal?srnd=markets-vp">reported</a> on Monday. The proceeds will be directed towards the company&#8217;s carbon-neutral initiatives, including nuclear power and zero-carbon thermal power projects.
Japan has seen a rise in transition bond sales following the government&#8217;s issuance of such debt earlier this year, which has provided implicit support. The government argues that these securities facilitate a more gradual achievement of climate goals for an industrialized nation like Japan. However, the debt has faced skepticism internationally because, unlike green bonds, they typically do not finance specific environmental projects.
Last month, Kyushu Electric Power Co. also issued similar bonds, indicating a trend in Japan&#8217;s approach to financing its energy transition.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39243965/roaring-kitty-shares-the-dark-knight-scene-with-a-twist-is-the-gamestop-trader-going-to-the-bank?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Roaring Kitty Shares &#8216;The Dark Knight Scene&#8217; With A Twist: Is The GameStop Trader Going To The Bank With</a>
Why It Matters: The issuance of transition bonds by Kansai Electric Power Co. follows a significant milestone set by Kyushu Electric Power Co. in May. <a href="https://www.benzinga.com/markets/asia/24/05/39033808/kyushu-electric-raises-191m-with-japans-first-nuclear-focused-environmental-bond">Kyushu Electric raised ¥30 billion</a> ($191 million) from Japan's first nuclear-focused environmental bond, marking a pivotal moment for the nuclear energy sector in Japan. The funds were intended to refinance investments in nuclear-related projects, including emergency response centers for potential incidents.
Japan&#8217;s commitment to achieving carbon neutrality by 2050 has increased the attractiveness of nuclear energy, despite challenges such as identifying new radioactive waste disposal sites. 
Additionally, Japan&#8217;s digital bond market has also seen significant activity. In December, Hitachi Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) issued the <a href="https://www.benzinga.com/fintech/23/12/36132097/japan-digital-bond-market-sees-largest-digital-green-bonds-sale-68m-by-hitachi">largest digital green bonds sale</a>, amounting to $68 million. This issuance, driven by high demand, highlights the broader trend of innovative financing methods in Japan&#8217;s corporate sector.
Read Next: <a href="https://www.benzinga.com/news/24/06/39237023/gamestop-stock-falls-39-after-roaring-kitty-livestream-disappoints-he-had-3yrs-to-prepare-hard-to-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GameStop Stock Falls 39% After Roaring Kitty Livestream Disappoints: &#8216;He Had 3 Years To Prepare,&#8217; &#8216;Hard To Think Of A Catalyst To Drive $GME Back Up After This&#8217;</a>
Photo: Courtesy of Stockbym via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Bonds

General

Kansai Electric Power Plans Second Nuclear Transition Bond Worth $191M

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Hitachi Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hthiy#OTC">HTHIY</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. HTHIY is quite a good fit in this regard, gaining 13.1% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 7.3% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, HTHIY is currently trading at 95.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in HTHIY may not reverse anytime soon.
In addition to HTHIY, there are several other stocks that currently pass through our &quot;Recent Price Strength&quot; screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past.
<a href="https://www.zacks.com/stock/news/2281156/hitachi-hthiy-is-a-great-choice-for-trend-investors-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2281156">To read this article on Zacks.com click here.</a>

Earnings

Hitachi Is a Great Choice for 'Trend' Investors, Here's Why

<ul>
<li>Renewed partnership combines best in class engineering capabilities with cutting edge science to accelerate the availability of new solutions for customers and patients worldwide</li>
<li>Upcoming launches of the new cobas&reg;&nbsp;c703 &amp; ISE neo units and cobas&reg;&nbsp;Mass Spec solution are testament to the partnership&#39;s dedication to continued innovation</li>
<li>The new 10-year contract will focus on strengthening the partnership for continued transformative innovation for patients</li>
</ul>

RHHBF

RHHBY

RHHVF

Reported Earlier, Roche And Hitachi High-Tech Extend 46-Year Partnership For Diagnostic Testing Advances

The Business Transfer does not include the transformers manufactured at Mitsubishi Electric&#39;s Transmission &amp; Distribution Systems Center, Ako Factory.
&nbsp;After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric&#39;s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026.

MIELF

MIELY

Mitsubishi Electric Transfers Distribution Transformer Business To Hitachi Industrial Equipment Systems

Hitachi&nbsp;Vantara, the data storage, infrastructure, and hybrid cloud management subsidiary of Hitachi, Ltd. (TSE: 6501), today announced a collaboration with NVIDIA to create a new generation of transformational artificial intelligence (AI) solutions. Hitachi Vantara will develop a portfolio of solutions, Hitachi iQ, to drive targeted AI outcomes by layering industry-specific capabilities on top of its AI solution stack, so outcomes can be more specific and relevant to an organization&#39;s business.

Reported Earlier, Hitachi Vantara Taps Nvidia to Create New Portfolio of Industrial AI Solutions

Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.
Analysts estimate that Hitachi will report an earnings per share (EPS) of $1.72. 
Hitachi bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Hitachi's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>1.69</td>
<td>5.46</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.06</td>
<td>1.09</td>
<td>5.70</td>
<td>2.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.69%</td>
<td>-0.97%</td>
<td>-2.16%</td>
<td>3.12%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Hitachi were trading at $154.69 as of January 26. Over the last 52-week period, shares are up 45.59%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HTHIY/earnings">To track all earnings releases for Hitachi visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Hitachi Earnings Preview

Driven by high demand, Japan witnessed its biggest <a href="https://www.benzinga.com/money/corporate-bonds">digital corporate bond issuance</a>.
What Happened: Hitachi (OTCMKTS: HTHIY)&nbsp;issued the five-year green bonds with a coupon rate of 0.598%, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-12-07/nascent-digital-bond-market-in-japan-sees-biggest-sale-to-date?sref=TBDibEcD">reported</a>. Nippon Life Insurance revealed that it purchased half of the $68 million offering. The bond issuance is the second one targeting corporates after the Japan Exchange Group launched &yen;500 million in digital bonds in June 2022.
Emiri Matsuo of Hitachi&rsquo;s treasury division financing department said that life insurers, central public institutions, and other corporates also acquired the securities. Matsuo adds that it is likely to sell such securities again.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36089250/french-financial-giant-leverages-ethereum-for-issuing-first-green-bond-worth-11m">French Financial Giant Leverages Ethereum For Issuing First Green Bond Worth $11M</a>
A bank-funded blockchain platform is created for digital securities, and trading on the exchange is scheduled to commence at the end of December.
Why It Matters: Japan&rsquo;s corporate debt market is seen transforming into a more innovative issuance mode in recent times as it looks to capitalize on rising demand.
Hitachi will leverage the Green Tracking Hub mechanism to improve the transparency of the environmental effect of green projects, Medium <a href="https://medium.com/tokyo-fintech/hitachi-to-issue-digital-green-bond-as-security-token-526d2aea01d4">reported</a>. It will record and manage data on energy reduced/CO2 avoided emissions, which will support carbon offsetting by business corporations.
The hub is jointly developed by Hitachi and JPXI enabling investors to smoothly view the bond&rsquo;s environmental effect, and a blockchain provided by BOOSTRY.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35878725/philippines-sells-270m-in-first-ever-tokenized-bonds-reflecting-investor-hype?utm_campaign=partner_feed&amp;utm_source=InvestingUK&amp;utm_medium=partner_feed&amp;utm_content=cryptocurrency">Philippines Sells $270M In First-Ever Tokenized Bonds, Reflecting Investor Hype</a>
Image: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

Japan Digital Bond Market Sees Largest Digital Green Bonds Sale, $68M By Hitachi

As a heatwave charges across the U.S. affecting over half of the population, President Joe Biden issued a call to protect workers and invest in key areas to combat the impact of <a href="https://www.benzinga.com/topic/heat-wave">extreme weather events</a>.
What Happened: In a first, Biden directed the Department of Labor to issue a &#8220;Hazard Alert&#8221; emphasizing heat-related worker protections under federal law. Biden also pledged to step up inspections in high-risk sectors such as construction and agriculture.
The president's announcements came as scorching temperatures, especially in the South and Southwest, strained power grids, leading to power outages, heat-related injuries, and even deaths.
More than 151 million people are currently under some kind of heat alert, making the issue of climate change more urgent and palpable than ever.
Biden said his administration is set to invest up to $7 million from the Inflation Reduction Act to enhance weather forecasts and $152 million from the Bipartisan Infrastructure Law to expand water storage in drought-prone regions.
In the face of current extreme conditions, air conditioning has gone from being a luxury to a necessity.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33393424/amazon-falls-following-reports-ftc-aims-to-break-up-the-company-a-technical-analysis">Benzinga previously reported</a> on data issued by SkyQuest Technology, which showed the air conditioning market is set to grow at a 6.2% compound annual growth rate from 2022 to 2028, reaching $172.48 billion by 2028.
Demand is highest in the Asia Pacific region, but North America and Europe are catching up quickly. In North America alone, the air conditioner market is projected to reach $35.6 billion in 2030, GrandView Research data showed.
A/C Enters the Room: As climate change turns up the heat, consumer electronics companies — particularly those manufacturing air conditioning units — stand to benefit.
U.S.-based Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) recently entered a deal to acquire Germany-based Viessmann Climate Solutions to expand in the European market. Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) and Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) are also seeing positive trends, according to <a href="https://www.benzinga.com/news/23/07/33272913/7-air-conditioner-stocks-for-this-summers-infernal-heat-wave">prior Benzinga reporting</a>.
In addition, non-U.S.-based companies like Electrolux AB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELUXY#OTC">ELUXY</a>), Hitachi Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>), Mitsubishi Electric ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MIELY#OTC">MIELY</a>), and Toshiba Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOSYY#OTC">TOSYY</a>) are seeing favorable pricing trends.
As the demand for air conditioning surges, addressing the energy demands and environmental implications linked to their usage will remain a challenge. Read Next: <a href="https://www.benzinga.com/news/23/07/33273161/heatwave-havoc-june-2023-takes-the-title-for-hottest-month-on-record">Heatwave Havoc: June 2023 Takes The Title For Hottest Month On Record</a>
Photo: Shutterstock

Government

Topics

CARR

AB Electrolux Class B American Depositary Receipts

ELUXY

TOSYY

Biden's 'Hazard Alert' Takes Aim At Worker Heat Protection Amid Sweeping US Heatwave

As the climate crisis keeps pushing heat metrics to new records, some territories on Earth are starting to periodically feature weather conditions that are <a href="https://www.benzinga.com/news/23/07/33177611/earth-is-screaming-meteorologist-warns-amid-unprecedented-heatwave-need-to-listen">too extreme for human life</a>.
The world is experiencing several focal points of extreme heat. Some cities in the American South and Southwest broke daily records this summer. Phoenix, Arizona is set to break a new record on Tuesday, as the Valley of the Sun enters its 19th consecutive day above 110 degrees F. The previous record of 18 consecutive days, from 1974, was tied on Monday.
During the weekend, the area of Death Valley in California marked a daily record of 128 degrees F, just a few degrees shy of reaching the highest temperature ever recorded on Earth.
But the magnitude of the crisis is global. Asia, the Middle East and Europe are also experiencing new heat records. On Sunday, the Xinjiang region of China broke its own record, reaching 126 degrees F. A heat wave is battering Italy, Greece and Spain. The heat index in Asaluyeh, Iran reached 152 degrees F on Monday.
<h3 class="wp-block-heading">The Rise Of The Air Conditioner</h3>
Far from isolated events, the rising temperature and humidity levels of recent years are consistent with climate change research. For the air conditioning industry, this means an unprecedented increase in demand, as air conditioning units shift in public perception from a luxury good to an item of first necessity.
In parts of the world where the wet-bulb temperature reaches 95 degrees F at 100% humidity, the human body is no longer able to maintain its homeostatic processes, and entering an air conditioned room becomes a matter of life and death.
Paradoxically, increased energy demand from the use of air conditioning is one of the largest contributors to greenhouse gas emissions, which in turn continue to contribute to global warming and extreme climate events. This type of process is referred to in climate science as a "positive feedback loop" and is specifically known as the "air conditioning paradox."
A global shift to clean sources of energy generation, <a href="https://www.benzinga.com/news/23/05/32355261/elon-musk-and-bill-gates-agree-on-something-how-public-support-for-nuclear-power-could-be-moving-for">including nuclear power</a>, will be needed in order to mitigate the environmental cost of rising air conditioner use.
According to a recent report published by research firm SkyQuest Technology, the air conditioning market is expected to experience an average compound annual growth rate of 6.2% from 2022 to 2028, reaching a value of $172.48 billion by 2028.
<a href="https://www.benzinga.com/news/23/06/33064887/if-summer-smoke-becomes-the-new-normal-in-the-midwest-and-northeast-which-industries-will-benefit">Worsening air quality in major urban centers</a> is another fuel for the industry's growth, which will stem primarily from the Asia Pacific region, followed by North America and Europe. Many territories that historically have not had a need for air conditioning are now seeing increased demand.
According to a separate report by GrandView Research, the total market for air conditioners in North America today stands at $24.6 billion and is expected to reach $35.6 billion in 2030.
Companies in the consumer electronics sector are some of the best situated to benefit from this growth. Some of the largest are U.S.-based, and the stocks have experienced rising prices throughout last month, partly riding <a href="https://www.benzinga.com/news/23/07/33167227/narrow-rally-top-6-tech-companies-drive-tech-sectors-historic-half-year-performance-analyst-says">the positive wave sweeping across the tech sector</a>.
<ul>
<li>Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) is up 15.5% in the last month. Last week, four analysts raised their Carrier price targets to between $49 and $54 vs. a current stock price of $55. The company recently agreed to acquire Germany-based Viessmann Climate Solutions in a 12-billion-euro ($13.4 billion) cash-and-stock deal that will make it strategically positioned to advance in the European market. Carrier will reports its earnings for the second quarter on July 27.</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is up 4.7% in the last month and its second-quarter results are due on July 24.</li>
<li>Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) is up 5.4% in the last month. Its third-quarter results are expected to come in early August.</li>
</ul>
Other air conditioner giants not headquartered in the U.S. have also experienced a positive pricing trend in the last month.
<ul>
<li>Class B ADR shares of Swedish manufacturer Electrolux (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELUXY#OTC">ELUXY</a>) are up 10.8% in the last month.</li>
<li>Japanese conglomerate Hitachi Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) is up 4% in the last month.</li>
<li>ADR shares of Mitsubishi Electric (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MIELY#OTC">MIELY</a>) are up 7.1% in the last month.</li>
<li>Toshiba Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOSYY#OTC">TOSYY</a>) is up 2.1% in the last month.</li>
</ul>
Image made using MidJourney AI.

7 Air Conditioner Stocks For This Summer's Infernal Heat Wave

Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) is trading higher on Thursday amid reports of the company proposing to ramp up R&amp;D spending in its game business amid a broader R&amp;D push by other Japanese electronics companies. It looks to hone technology in&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/32708514/sony-to-leverage-ai-in-its-quest-for-cloud-gaming-but-ceo-kenichiro-yoshida-expresses-concerns" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">live service games</a>&nbsp;and the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/29970495/sony-looking-to-commercialize-humanoid-robots-is-ready-to-tap-metaverse" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">metaverse</a>.
It will invest 300 billion yen (about $2.13 billion) into research and development for its game segment for FY24, Nikkei Asia&nbsp;<a class="editor-rtfLink" href="https://asia.nikkei.com/Business/Companies/Sony-dives-into-extended-reality-with-2bn-R-D-war-chest" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.&nbsp;
Sony eyes 760 billion yen in company-wide R&amp;D during FY23, up 3% on the year. The amount, which will account for around 40% of its total R&amp;D spending, now surpasses spending in electronics and semiconductors.
Sony spent 271.1 billion yen on game R&amp;D last FY22, more than double the 144.5 billion yen in FY20.
Sony&#39;s pivot from a focus on hardware to a subscription-based business model is prompting the company to step up R&amp;D. It will now focus on live service games that let customers purchase add-ons for titles streamed online.&nbsp;&nbsp;
Sony expects the market for add-on style games to reach $19 billion in 2026, surpassing the market for hardware&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/04/32076942/concerns-over-playstation-clouds-sonys-prospects-despite-record-sale-in-q4" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">like the PlayStation</a>&nbsp;for the first time.
Sony is relying primarily on sequels to traditional games for software sales. Meanwhile,&nbsp;Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33197732/whats-going-on-with-activision-blizzard-stock-wednesday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">keen on acquiring</a>&nbsp;game publishing firm&nbsp;Activision Blizzard, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>).
Sony plans to have 12 live service game titles in its portfolio by FY26, up from just one in FY21.&nbsp;
It plans to allocate 55% of PlayStation 5 game development spending to live service games in FY24 and 60% for FY26.
Sony aims to combine the resources of the nine overseas game studios it has had a stake in during the last two years to aid extended reality development.
It also aims to bring the technology it cultivates in its game business into other fields, like in-vehicle content for the electric car it is developing with&nbsp;Honda Motor Company, Ltd&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hmc#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HMC</a>).
Hitachi Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hthiy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HTHIY</a>) will increase R&amp;D expenses in the environmental field by 27%, and&nbsp;Mitsubishi Electric Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/miely#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MIELY</a>) will boost power-saving semiconductor development.
Price Action:&nbsp;SONY shares are trading higher by 2.81% at $93.80 premarket on the last check Thursday.

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ATVI

MSFT

Sony Group Corporation American Depositary Shares

SONY

What's Going On With Sony Group Stock Thursday?

For most Americans, face masks first became a common item when the COVID pandemic struck.&nbsp;
But as smoke from Canadian wildfires <a href="https://www.benzinga.com/top-stories/23/06/33046137/detroit-chicago-among-us-cities-suffering-the-most-from-poor-air-quality-due-to-canadian-wildfires">returns to engulf major urban centers in the Midwest and the East Coast</a>, dwellers of cities like New York and Chicago are beginning to wonder if wearing a face mask might become as normal a summer tradition as a picnic in the park.
As of Thursday morning, three U.S. cities top the list for the worst air quality in the world, according to IQAir. Washington D.C., Detroit and Chicago are presenting worse air conditions than places like Dubai in the United Arab Emirates and Sao Paulo in Brazil — cities that experience heavy air pollution throughout the year.
Wildfires in Canada have already consumed over 8 million hectares this year, according to the Canadian Interagency Forest Fire Center. For context, this is an area larger than many individual U.S. states, including Hawaii, New Jersey or South Carolina. Thirty-one new fires started on Thursday alone and 258 of the total 501 Canadian fires are out of control.
The crisis has already burned through a surface 10 times larger than what was consumed during wildfires last year to this date.
<h3 class="wp-block-heading">Face Masks And Air Purifier Sales On The Rise?</h3>
The best health measure against fire smoke is to stay indoors, according to the California Department of Public Health. For those who need to be outside, face masks can protect against smoky conditions.
California has faced severe wildfires in recent years and is now the state with the second-most active fires, only below Oregon, according to the Fire, Weather and Avalanche Center.
Dust masks and surgical masks "cannot offer a sufficient level of protection from particles during wildfire conditions," according to the California-based agency. N95 respirator masks are recommended in these cases as they can filter 95% of smoke particles.
Manufacturers of N95 masks could benefit if smoky conditions become the new normal in the country's most populated regions. Some of the larger manufacturers of N95s are 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) and Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>).
Air purifiers can clean indoor spaces as can some types of air conditioning units.
Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), the largest manufacturer of home appliances in the world, as well as LG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>), Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) and Panasonic (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCRFY#OTC">PCRFY</a>) stand to benefit from a rise in sales in this market.
<h3 class="wp-block-heading">Will Wildfires Continue To Batter Canada, Send Smoke South Of The Border?</h3>
During the most recent wildfire smoke crisis on June 7-8 of this year, Washington, D.C. and New York registered their worst smoke pollution levels on record.
The numbers make sense, as Canada, which houses 9% of all the world's forests, is experiencing its worst fire season in recorded history.
According to the EPA, "multiple studies have found that climate change has already led to an increase in wildfire season length, wildfire frequency, and burned area."
With the average world temperature already 2.24 degrees Fahrenheit above pre-industrial levels —and rising—  the consensus among experts is that wildfires will also increase in frequency and area.
Dr. Mike Flannigan, a fire scientist from the University of Alberta, <a href="https://www.mikeflannigan.com/fire-and-climate-change">wrote</a> that "the observed increases in area burned in Canada during the last four decades is the result of human-induced climate change."
The general expectation among climate scientists is the coming decades will bring increased temperatures and reduced precipitation in high latitude territories like Canada.
As if worsening wildfire conditions in Canada weren't enough, the American East Coast appears to be surrounded on both fronts, as wildfires are also expected to increase in the Southeast.
Th annual area burned by lightning-ignited wildfire is expected to increase by at least 30% by 2060 in the Southeastern United States, according to the Fourth National Climate Assessment from the U.S. Global Change Research Program.
Photo by <a href="https://unsplash.com/de/@marcus_kauffman?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Marcus Kauffman</a> on <a href="https://unsplash.com/photos/-iretlQZEU4?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>.

PCRFY

If Summer Smoke Becomes The New Normal In The Midwest And Northeast, Which Industries Will Benefit?

Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) is set to give its latest quarterly earnings report on Thursday, 2023-04-27. Here's what investors need to know before the announcement.
Analysts estimate that Hitachi will report an earnings per share (EPS) of $5.46. 
Hitachi bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Hitachi's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td></td>
<td>1.57</td>
<td>1.94</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.14</td>
<td>1.92</td>
<td>0.56</td>
<td>1.78</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.12%</td>
<td>0.98%</td>
<td>-2.32%</td>
<td>-2.3%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Hitachi were trading at $114.44 as of April 24. Over the last 52-week period, shares are up 18.69%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HTHIY/earnings">To track all earnings releases for Hitachi visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Hitachi's Earnings

<ul>
<li>A cybercriminal group could have stolen the personal data of Anglo-Australian mining firm&nbsp;Rio Tinto Plc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) former and current Australian employees.</li>
<li>The group may have seized payroll information, like payslips and overpayment letters, of a few employees from January 2023, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/technology/rio-tinto-staffs-personal-data-may-have-been-hacked-afr-2023-03-23/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>&nbsp;citing an internal memo.</li>
<li>The cybercriminal group threatened to release the data onto the dark web while investigations into the incident are ongoing.</li>
<li>The stolen data relates to an attack on U.S. cybersecurity firm&nbsp;Fortra&#39;s&nbsp;managed file transfer (MFT) software GoAnywhere.</li>
<li>Many global firms and government institutions, including&nbsp;Hitachi Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hthiy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HTHIY</a>) Hitachi Energy, and&nbsp;Community Health Systems, Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cyh#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CYH</a>), have notified cybersecurity incidents linked to GoAnywhere MFT over the last few weeks.</li>
<li>File-sharing software has historically been a target for cybercriminals. Back in 2021, the CL0P group exploited vulnerabilities in the servers of Accellion,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/09/28929670/us-imposes-record-fine-on-morgan-stanley-for-sensitive-data-breach" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">leading to data breaches</a>&nbsp;in&nbsp;Morgan Stanley&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>),&nbsp;Kroger Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>), the Reserve Bank of New Zealand, and other high-profile institutions.</li>
<li>Price Action:&nbsp;RIO shares traded higher by 0.93% at $65.66 on the last check Thursday.</li>
</ul>

Penny Stocks

Small Cap

Hackers Target Rio Tinto By Exploiting Software Vulnerability, Gain Access To Employee Info

<ul>
<li>BWX Technologies Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bwxt#NYSE">BWXT</a>) has secured an engineering contract from GE Hitachi Nuclear Energy (GEH) for its BWRX-300 small modular reactor (SMR) reactor pressure vessel (RPV).&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/03/b31434497/bwxt-awarded-engineering-contract-from-ge-hitachi-for-bwrx-300-small-modular-reactor" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Financial terms were not disclosed.</a></li>
<li>Established in 2007, GEH is a global nuclear alliance created by&nbsp;General Electric Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) and&nbsp;Hitachi Ltd.&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hthiy#OTC">HTHIY</a>) to serve the global nuclear industry.</li>
<li>This announcement is subsequent to a teaming agreement entered in 2021 to cooperate on engineering and procurement to support the design, manufacturing and commercialization of the BWRX-300 SMR.</li>
<li>Engineering analysis, design support, manufacturing, and procurement planning are among the tasks related to the contract.</li>
<li>&quot;Intricate design projects like the RPV for GEH&#39;s BWRX-300 are well-suited for BWXT&#39;s engineering capabilities, as BWXT excels in supplying design solutions for complex nuclear components that BWXT can efficiently manufacture,&quot; commented John MacQuarrie, president of BWXT Commercial Operations.</li>
<li>Price Action:&nbsp;BWXT shares traded higher by 1.45% at $62.77 on the last check Tuesday.</li>
<li>Photo Via Company</li>
</ul>

Contracts

BWXT

BWXT Pockets Engineering Contract From GE Hitachi For Small Modular Reactor

Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-02-01. Here's what investors need to know before the announcement.
Analysts estimate that Hitachi will report an earnings per share (EPS) of $1.23. 
Hitachi bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.35, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Hitachi's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.57</td>
<td>1.57</td>
<td>1.94</td>
<td>2.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.92</td>
<td>0.56</td>
<td>1.78</td>
<td>2.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.98%</td>
<td>-2.32%</td>
<td>-2.3%</td>
<td>-1.56%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1675195309_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Hitachi were trading at $104.6 as of January 30. Over the last 52-week period, shares are up 2.35%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HTHIY/earnings">To track all earnings releases for Hitachi visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Hitachi

Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) reported its Q2 earnings results on Friday, October 28, 2022 at 08:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Hitachi beat estimated earnings by 22.29%, reporting an EPS of $1.92 versus an estimate of $1.57.
Revenue was down $3.81 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $1.01 which was followed by a 2.32% drop in the share price the next day.
Here&#39;s a look at Hitachi&#39;s past performance:
&nbsp;
<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
<th>Q2 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.57</td>
<td>1.94</td>
<td>2.27</td>
<td>1.29</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.56</td>
<td>1.78</td>
<td>2.14</td>
<td>3.68</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>20.59B</td>
<td>23.42B</td>
<td>20.82B</td>
<td>19.73B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>18.76B</td>
<td>20.25B</td>
<td>20.73B</td>
<td>22.41B</td>
</tr>
</tbody>
</table>
To track all earnings releases for Hitachi <a href="https://www.benzinga.com/quote/HTHIY/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Hitachi: Q2 Earnings Insights

Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) is set to give its latest quarterly earnings report on Friday, 2022-10-28. Here's what investors need to know before the announcement.
Analysts estimate that Hitachi will report an earnings per share (EPS) of $1.57. 
Hitachi bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $1.01, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Hitachi's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
<th>Q2 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.57</td>
<td>1.94</td>
<td>2.27</td>
<td>1.29</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.56</td>
<td>1.78</td>
<td>2.14</td>
<td>3.68</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.32%</td>
<td>-2.3%</td>
<td>-1.56%</td>
<td>2.4%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2022/1666890057_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Hitachi were trading at $89.2 as of October 26. Over the last 52-week period, shares are down 22.94%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HTHIY/earnings">To track all earnings releases for Hitachi visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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ClearBridge Global Value Improvers Strategy Q3 2024 Commentary

Hitachi reports H1 results

Hitachi, Ltd. 2024 Q2 - Results - Earnings Call Presentation

Hitachi Ltd ( ($HTHIY) ) has realeased its Q2 earnings. Here is a breakdown of the information Hitachi Ltd presented to its investors. Hitachi Ltd....

Hitachi Ltd. Sees Profit Growth Amid Revenue Decline

Hitachi, Ltd. (HTHIY) Q2 2024 Earnings Call Transcript

Transformer maker Hitachi warns of supply shortage amid AI demand: report

Fidelity Diversified International Fund Q3 2024 Review

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Press Releases

Hitachi Vantara Appoints Joe Novak as New Head of Global Customer Success and Support

Hitachi Vantara Announces General Availability of Hitachi iQ and New AI Discovery Service to Help Businesses Become AI-Ready

Hitachi Vantara and Broadcom Announce Advanced Private and Hybrid Cloud Solutions with VMware Cloud Foundation

Commodities

Hitachi Vantara Secures All Three of the Top Rankings for Best Storage Solutions Available Assessed by ENERGY STAR®

Hitachi Vantara Reports Significant Revenue Growth in Storage Market

Hitachi Completes Acquisition of MA micro automation of Germany, a Leading Provider of Robotic and Automation Technology

Hitachi Digital Services Launches R2O2.ai Framework to Build, Scale and Operate Trustworthy AI

Hitachi Digital Services, with Valtech, Announces Partnership with Mitchells & Butlers to Transform its Digital Business and Enhance Growth

Hitachi Vantara Expands Hybrid Cloud Storage Platform with Object Storage, All-QLC Flash and Advancing Cloud Integration

Hitachi Vantara and Hammerspace Launch Strategic Partnership to Deliver New Generation of Data Intelligent AI Infrastructure Solutions

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