|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||66.44 - 67.61|
|52 Week Range||45.97 - 86.87|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||9.03|
|Forward Dividend & Yield||1.84 (2.61%)|
|Ex-Dividend Date||Mar. 27, 2020|
|1y Target Est||96.48|
The power grids business Hitachi <6501.T> bought from ABB <ABBN.S> for $11 billion is likely to hit the upper end of its 2025 targets despite the effects of a coronavirus downturn over the next two years, Chief Executive Claudio Facchin said. Hitachi ABB Power Grids, whose products connect power stations to homes and factories, expects a recovery as countries launch stimulus packages and the electricity industry switches to greener technologies. The company which competes with Siemens <SIEGn.DE>, General Electric <GE.N> and Hyundai <267260.KS>, is due to give an update on its financial targets in October.
Japanese conglomerate Hitachi Ltd said on Wednesday it would exit a stalled British nuclear power project, a decision that deals a blow to Britain's plans to replace ageing plants. "Hitachi made this decision given that 20 months have passed since the suspension, and the investment environment has become increasingly severe due to the impact of COVID-19," the company said in a statement. Hitachi last year froze the 3 trillion yen ($28 billion) project on the island of Anglesey, in north Wales, and booked a writedown of 300 billion yen on its British nuclear unit as the project failed to find private investors.
Hitachi Ltd <6501.T> is expected to withdraw from the Horizon nuclear project in Wales as early as Wednesday, Anglesey council said on Tuesday. Hitachi's UK business Horizon Nuclear Power had failed to find private investors for its plan to build a plant at Wylfa in Anglesey, Wales and froze the project in early 2019.