Short interest for Hitachi gives investors a sense of the degree to which investors are betting on the decline of Hitachi's stock. Short interest data is updated every two weeks.

Hitachi Stock (OTC:HTHIY), Short Interest Report

HITACHI LTD ADR

Hitachi

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.

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Driven by high demand, Japan witnessed its biggest digital corporate bond issuance.

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

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Biden&#39;s &#39;Hazard Alert&#39; Takes Aim At Worker Heat Protection Amid Sweeping US Heatwave

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7 Air Conditioner Stocks For This Summer&#39;s Infernal Heat Wave

Hitachi Ltd

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.

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MIELF

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.

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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.

Earnings

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

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

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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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>.

Markets

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.

&nbsp;
Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) reported its Q1 earnings results on Friday, July 29, 2022 at 08:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Hitachi missed estimated earnings by 64.33%, reporting an EPS of $0.56 versus an estimate of $1.57.
Revenue was down $2.57 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.16 which was followed by a 2.3% 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>Q4 2021</th>
<th>Q3 2021</th>
<th>Q2 2021</th>
<th>Q1 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.94</td>
<td>2.27</td>
<td>1.29</td>
<td>1.30</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.78</td>
<td>2.14</td>
<td>3.68</td>
<td>2.28</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>23.42B</td>
<td>20.82B</td>
<td>19.73B</td>
<td>19.76B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>20.25B</td>
<td>20.73B</td>
<td>22.41B</td>
<td>21.33B</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: Q1 Earnings Insights

&nbsp;
Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) reported its Q4 earnings results on Thursday, April 28, 2022 at 08:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Hitachi missed estimated earnings by 8.25%, reporting an EPS of $1.78 versus an estimate of $1.94.
Revenue was down $899.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.13 which was followed by a 1.56% drop in the share price the next day.
&nbsp;
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: Q4 Earnings Insights

&nbsp;
Hitachi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) reported its Q3 earnings results on Wednesday, February 2, 2022 at 08:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Hitachi missed estimated earnings by 5.73%, reporting an EPS of $2.14 versus an estimate of $2.27, which did not surprise analysts.
Revenue was up $1.28 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $2.39, which was followed by a 2.4% increase in the share price the next day.
&nbsp;
To track all upcoming earnings announcements, click to use <a href="https://www.benzinga.com/calendars/earnings">Benzinga Earnings Calendar</a>.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Hitachi: Q3 Earnings Insights

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.
Global Air Cylinder Wheels (GACW), an Arizona-based startup, has literally reinvented the wheel. They developed a new type of wheel that ditches the need for pollutive rubber tires.
Many companies have tried to create new tire solutions, such as Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) possibly moving toward <a href="https://www.torquenews.com/15475/new-michelin-airless-tires-tesla-model-3">airless tires on its Model 3</a>, but none have succeeded so far.
The so-called Air Suspension Wheel (ASW) is the brainchild of serial inventor and structural dynamic engineer Dr. Zoltan Kemeny. The patented ASW is a mechanical wheel constructed mostly of steel with in-wheel pneumatic suspension through cylinders. It is both environmentally friendly as well as cost-efficient. The ASW is engineered to have the same lifespan as the vehicle it is mounted on. After that, unlike rubber tires, it can be reconditioned or can be completely recycled.
GACW is currently focused on the $30 billion per year OTR mining market. Rubber OTR mining tires are expensive: for example, a typical 13,000-pound tire can cost up to $75,000 for a useful lifetime of only 6 to 9 months. &ldquo;That is a large expense for a product that does not last,&rdquo; according to the company. On the other hand, the ASW lasts as long as the vehicle itself and therefore saves up to 60% in costs.
Another key feature of the ASW is the greatly reduced Rolling Resistance. This will make combustion engines more efficient and reduce emission gases. For electrical cars, like Tesla, this would mean that the driving range can be extended by up to 30% on the same battery, which is significant.
Rubber OTR tires are also a huge safety hazard with explosions being common. But with the ASW, overheated tires and explosions are a thing of the past.
Last but not least: OTR rubber tires are extremely pollutive. In the mining industry, most rubber tires are not recycled. At the end of their natural life, rubber OTR tires are typically burned or buried in the ground because recycling is complicated, dangerous, and expensive. A study published in the International Journal of Environmental Research and Public Health estimated that tires account for as much as 10% of overall microplastic waste in the world&rsquo;s oceans. A report by the International Union for Conservation of Nature raised that number to 28%.
ASWs on the other hand are 100% recyclable.
Ramping Things Up
While GACW is initially targeting the OTR <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a>, which includes mining, the global tire market is much bigger, and the company has plans to enter that too. That said, the initial focus on mining could raise in excess of $20 million in revenue per mine site given the significant numbers of vehicles involved in each mining project.
And while the company may have competitors in the mid-sized market, it does not have any competitors in the global OTR sector.
In addition to this market, the ASW technology can be applied to all vehicles currently using traditional rubber tires, a $322 billion estimated value in 2022.
So far, the company has raised $3 million and has 4 patents with 13 others pending. It is also currently testing its ASW products with mining partners with an evaluation period of between 6 and 12 months. From 2022, it intends to ramp up its production of the ASW product with full commercialization expected in 2023.
&ldquo;At this point, our plan is to expand our distribution network and really start taking the tire industry by storm,&rdquo; the company said.
With governments globally putting increasing pressure on tire producers in terms of disposal, GACW said this is the time for its products to be adopted by the industry. Companies like Caterpillar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>), Hitachi (TYO: 6501), or Volvo (STO: VOLV-B), Komatsu (TYO: 6301)&nbsp;could end up as partners or clients in GACW&rsquo;s future.
&ldquo;Our Air Suspension Wheels are an effective and viable option to rubber tires,&rdquo; it said. &ldquo;They are up to 60% more cost-efficient, safer and better for the environment than rubber tires.&rdquo;
Benzinga may receive monetary compensation by the issuer, or its agency, for publicizing the offering of the issuer&rsquo;s securities. Benzinga and the issuer of this offering make no promises, representations, warranties or guarantees that any of the services will result in a profit or will not result in a loss.
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

Emerging Markets

Movers & Shakers

TSLA

VLVLY

This Company is Reinventing the Wheel and Ditching the Rubber Tire

<ul>
<li>Deere &amp; Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) has agreed with&nbsp;Hitachi Ltd.&#39;s&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hthiy#OTC">HTHIY</a>)&nbsp;Hitachi Construction Machinery&nbsp;to end the Deere-Hitachi joint venture manufacturing and marketing agreements.</li>
<li>The companies will enter into new license and supply agreements, with changes to effect on Feb. 28, 2022. The financial terms of the deal were not disclosed.</li>
<li>John Deere will acquire the Deere-Hitachi joint-venture factories in Kernersville, NC; Indaiatuba, Brazil; and Langley, British Columbia, Canada.</li>
<li>John Deere will continue to manufacture Deere-branded construction and forestry excavators. These locations will discontinue the production of Hitachi-branded excavators.</li>
<li>John Deere&#39;s marketing arrangement for Hitachi-branded construction excavators and mining equipment in the Americas will end. Hitachi will assume distribution and support for these products.</li>
<li>Price Action:&nbsp;DE shares are trading lower by 4.16% at $356.145 on the last check Thursday.</li>
</ul>

Deere, Hitachi Enter New License, Supply Agreements

<ul>
<li>Hitachi Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hthiy#OTC">HTHIY</a>) President Keiji Kojima plans to ramp up digital talent-hiring from India to compete in the U.S. following a $9.5 billion&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/21/03/20419961/hitachi-to-acquire-digital-engineering-company-globallogic-for-9-6b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">deal to acquire</a>&nbsp;software engineering company GlobalLogic, the&nbsp;<a class="editor-rtfLink" href="https://www.ft.com/content/e9a43c04-7d89-4f71-a77a-060cc12930cc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Financial Times reported</a>.&nbsp;</li>
<li>Kojima estimates a large part of industries, including manufacturing, to return to North America.</li>
<li>He assigned the next ten years as a decade of growth following almost completing its asset restructuring program.</li>
<li>Hitachi&#39;s U.S. focus follows years of efforts to transform the sprawling Japanese conglomerate into an IT and infrastructure specialist by merging and selling listed subsidiaries.</li>
<li>Hitachi will drive its U.S. investment following President Joe Biden&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/21/03/20423623/the-biden-infrastructure-plan-what-you-need-to-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$2 trillion infrastructure plan</a>&nbsp;rollout. Kojima mentioned U.S. semiconductor companies&#39; partnerships.</li>
<li>In May, Hitachi announced that its subsidiary Hitachi High-Tech&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/05/a21355740/hitachis-new-facility-is-being-established-in-the-united-states-in-order-to-collaborate-and-create" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">would establish a semiconductor</a>&nbsp;research facility in Oregon.</li>
<li>North America is Hitachi&#39;s largest market outside of Japan, accounting for 13% of its annual revenue.</li>
<li>Hitachi&nbsp;<a class="editor-rtfLink" href="https://www.hitachi.us/press/Hitachi-Agrees-to-Acquire-JR-Automation-a-Robotic-System-Integrator-in-the-US" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">acquired Michigan&#39;s industrial</a>&nbsp;robotics integrator JR Automation for $1.4 billion in 2019. Hitachi aimed to increase revenue in the North American segment from &yen;73 billion three years ago to &yen;200 billion ($1.8 billion) in the current financial year.</li>
<li>Analysts estimate challenges in overseeing the expensive integration of GlobalLogic to expand Hitachi&#39;s software business while digitizing its hardware assets. The group&#39;s operating profit margin of 6% also remains low compared to global peers like&nbsp;Siemens AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/siegy#OTC">SIEGY</a>) and&nbsp;ABB Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abb#NYSE">ABB</a>).</li>
<li>Kojima plans to innovate Hitachi&#39;s products by using GlobalLogic&#39;s digital resources. Hitachi might carry out additional acquisitions in railway and healthcare businesses to fill digital capability gaps.</li>
<li>Price Action:&nbsp;HTHIY shares are up 0.73% at $116.51 on the last check Monday.</li>
</ul>

SIEGY

Hitachi Focuses On US Market Based On Biden's $2T Infrastructure Spend: FT

Hitachi: Eyes On Upcoming Results And Value Drivers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The robotics industry is expected to reach $95.93 billion by 2029, growing at a <a href="https://www.mordorintelligence.com/industry-reports/robotics-market">CAGR of 15.91%</a>. Robotics has become more prominent in the market due to an increase in demand combined with large investments in the industry. This makes it clear that with the innovation-based economy and robotic industry growth, investing in these top robotics stocks to buy will benefit your portfolio.



<h2>PTC (PTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ptc-stock-1-300x169.jpg" alt="The PTC (PTC) website is displayed on an open laptop."><div>Source: Casimiro PT / Shutterstock.com</div></div>PTC (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptc-stock-quote/">PTC</a>) provides an augmented reality and industrial IoT platform and CAD software. The company&rsquo;s products help manufacturers digitize product development processes, improving efficiency and driving innovation. Over the past year, its stock has climbed nearly 40%, but analysts are still bullish. 21 analysts have a median <a href="https://www.cnn.com/markets/stocks/PTC">price target</a> of $202, representing a 14% increase from the current price.&nbsp;



<a href="https://investor.ptc.com/resources/news/news-details/2024/PTC-Announces-First-Fiscal-Quarter-2024-Results/default.aspx">PTC</a> is well-positioned to benefit from this secular digitization trend, and its latest earnings report underscores this point. In Q1 2024, the company grew ARR by 24% YOY, revenue by 18% YOY and free cash flow by 6% YOY. Despite the challenging macro backdrop, PTC maintained both top and bottom-line growth. For FY2024, the company forecasts ARR to increase by 14% YOY, revenue by 13% YOY, free cash flow by 23% YOY and EPS by 61% YOY. Supported by solid growth, PTC boasts resilient and robust financial figures. Moreover, PTC has a history of making strategic acquisitions. Most recently, it <a href="https://www.ptc.com/en/news/2023/ptc-acquires-pure-systems">acquired pure-systems</a>, a leading provider of product variant management solutions. The acquisition is expected to add important functionality to PTC&rsquo;s existing portfolio of products and allow it to better support its customers.



<h2>Zebra Technologies (ZBRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/zbra_zebra_1600-300x169.jpg" alt="A photo of the sign for Zebra Technologies (ZBRA) outside of a building."><div>Source: Michael Vi/ShutterStock.com</div></div>Zebra Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/zbra-stock-quote/">ZBRA</a>) provides enterprise asset intelligence solutions worldwide, including barcode scanners, interactive kiosks, mobile devices and software. The company&rsquo;s products help businesses digitize and automate their workflows, improving productivity and operational efficiency. Unfortunately, weakening demand has negatively impacted <a href="https://www.zebra.com/us/en/about-zebra/newsroom/press-releases/2024/zebra-technologies-announces-fourth-quarter-and-full-year-2023-results.html">Zebra&rsquo;s sales</a>, and the company&rsquo;s financial figures have been struggling in recent quarters. In Q4 2023, net sales fell by 32.9% YOY, and net income decreased by 90.9% YOY, underscoring Zebra&rsquo;s challenges. However, this weakness can be attributed to market and macroeconomic conditions, not to any issues within the company itself. Zebra&rsquo;s global presence, scale and diversified business give it a distinct competitive advantage.&nbsp;



Moreover, Zebra is at the forefront of the AI revolution, introducing its exciting innovations. The company&rsquo;s <a href="https://www.zebra.com/us/en/about-zebra/newsroom/press-releases/2024/zebra-technologies-to-unveil-new-generative-ai-capabilities-at-google-cloud-next.html">AI initiatives</a> can potentially drive demand for its products. For example, Zebra collaborates with industry giants like Alphabet&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) Google Cloud and Android, as well as Qualcomm (NASDAQ:<a href="https://investorplace.com/stock-quotes/qcom-stock-quote/">QCOM</a>) to incorporate new generative AI capabilities into its handheld devices. This cutting-edge technology will empower front-line employees to access domain-specific knowledge, enhancing their decision-making abilities and overall productivity.&nbsp;&nbsp;



To summarize, there is hope for a recovery in Zebra&rsquo;s business. Until then, you can pick up this option in robotics stocks to buy at a reasonable <a href="https://seekingalpha.com/symbol/ZBRA/valuation/metrics">25 times forward earnings estimates</a>.



<h2>Hitachi (HTHIY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/hitachi-stock-1600-300x169.jpg" alt="the hitachi logo on a building"><div>Source: Denis Linine / Shutterstock.com</div></div>Hitachi (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hthiy-stock-quote/">HTHIY</a>) is a Japanese multinational conglomerate that produces industrial equipment and technologies for robots. Currently trading at <a href="https://seekingalpha.com/symbol/HTHIY">$179.94</a>, HTHIY is up 24.79% YTD and is <a href="https://seekingalpha.com/symbol/HTHIY/ratings/sell-side-ratings">rated a &ldquo;strong buy&rdquo;</a> by Wall Street analysts.&nbsp;



In <a href="https://www.hitachi.com/New/cnews/month/2024/01/240131/2023_3Qpre.pdf">Q3 2023</a>, Hitachi beat analyst expectations and reported outstanding top- and bottom-line growth. Total revenues increased 16% YOY to 2,258 billion yen, while net income jumped an astonishing 116.2% YOY to 235.9 billion yen. The company&rsquo;s growth is expected to continue, with management forecasting a staggering 114% increase in EPS for FY 2023. This remarkable performance underscores the company&rsquo;s ability to enhance cash flows and scale its revenues, making it an attractive investment.&nbsp;



The most significant catalyst behind Hitachi&rsquo;s success is its <a href="https://www.hitachi.com/New/cnews/month/2024/03/240319.html">recent partnership with AI giant </a><a href="https://www.hitachi.com/New/cnews/month/2024/03/240319.html">Nvidia</a> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) to incorporate generative AI into its business. Hitachi will utilize Nvidia Omniverse to stimulate and develop large-scale solutions through this collaboration. The company will also combine its Lumada AI library with Nvidia&rsquo;s AI Enterprise and Modulus platforms to enhance customer experience, improve its offerings and create a range of intelligent, AI-centric solutions. Overall, Hitachi&rsquo;s partnership with Nvidia will be a boon to its business by boosting efficiency in its products and services.



In summary, Hitachi is an attractive choice among robotics stocks to buy, boasting stellar financials and a strategic partnership with Nvidia.&nbsp;



On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
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The post <a href="https://investorplace.com/2024/04/3-robotics-stocks-to-buy-now-q2-edition/">3 Robotics Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Robotics Stocks to Buy Now: Q2 Edition

Hitachi to invest additional $1.5B for global transformer production

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The future of the robotics industry appears promising, with significant growth potential anticipated by 2030. As robotics technology advances, there will be a shift towards professional services robots dominating the market, addressing consumer demands for quicker deliveries and personalized products. Automation will increasingly replace lower-paying jobs, driven by labor shortages and rising wages. This evolution suggests a dynamic future where robotics stocks to buy now transform industries and create new opportunities in manufacturing, logistics and personalized services, contributing positively to economic growth and innovation in the U.S.



The robotics industry is expected to reach $95.93 billion by 2029, growing at a <a href="https://www.mordorintelligence.com/industry-reports/robotics-market">CAGR of 15.91%</a>. Robotics has become more prominent in the market due to increased demand combined with large investments in the industry. This makes it clear that investing in the industry will be profitable with the innovation-based economy and robotic industry growth, but investing in these three specific top robotics stocks will benefit your portfolio even more.



<h2>PTC (PTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ptc-stock-1-300x169.jpg" alt="The PTC (PTC) website is displayed on an open laptop."><div>Source: Casimiro PT / Shutterstock.com</div></div>PTC (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptc-stock-quote/">PTC</a>) provides an augmented reality and industrial IoT platform and CAD software. The company&rsquo;s products help manufacturers digitize product development processes, improving efficiency and driving innovation. Over the past year, its stock has climbed nearly 40%, but analysts are still bullish. 21 analysts have a median <a href="https://www.cnn.com/markets/stocks/PTC">price target</a> of $202, representing a 14% increase from the current price.&nbsp;



<a href="https://investor.ptc.com/resources/news/news-details/2024/PTC-Announces-First-Fiscal-Quarter-2024-Results/default.aspx">PTC</a> is well-positioned to benefit from this secular digitization trend, and its latest earnings report underscores this point. In Q1 2024, the company grew ARR by 24% YOY, revenue by 18% YOY, and free cash flow by 6% YOY. Despite the challenging macro backdrop, PTC maintained both top and bottom-line growth. For FY2024, the company forecasts ARR to increase by 14% YOY, revenue by 13% YOY, free cash flow by 23% YOY, and EPS by 61% YOY. Supported by solid growth, PTC boasts resilient and robust financial figures. Moreover, PTC has a history of making strategic acquisitions. Most recently, it acquired pure-systems, a leading provider of product variant management solutions. The acquisition is expected to add important functionality to PTC&rsquo;s existing portfolio of products and allow it to support its customers better.



<h2>Zebra Technologies (ZBRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/zbra_zebra_1600-300x169.jpg" alt="A photo of the sign for Zebra Technologies (ZBRA) outside of a building."><div>Source: Michael Vi/ShutterStock.com</div></div>Zebra Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/zbra-stock-quote/">ZBRA</a>) provides enterprise asset intelligence solutions worldwide, including barcode scanners, interactive kiosks, mobile devices, and software. The company&rsquo;s products help businesses digitize and automate their workflows, improving productivity and operational efficiency. Unfortunately, weakening demand has negatively impacted <a href="https://www.zebra.com/us/en/about-zebra/newsroom/press-releases/2024/zebra-technologies-announces-fourth-quarter-and-full-year-2023-results.html">Zebra&rsquo;s sales</a>, and the company&rsquo;s financial figures have been struggling in recent quarters. In Q4 2023, net sales fell by 32.9% YOY, and net income decreased by 90.9% YOY, underscoring Zebra&rsquo;s challenges. However, this weakness can be attributed to market and macroeconomic conditions, not to any issues within the company itself. Zebra&rsquo;s global presence, scale and diversified business give it a distinct competitive advantage.&nbsp;



Moreover, Zebra is at the forefront of the AI revolution, introducing its exciting innovations. The company&rsquo;s <a href="https://www.zebra.com/us/en/about-zebra/newsroom/press-releases/2024/zebra-technologies-to-unveil-new-generative-ai-capabilities-at-google-cloud-next.html">AI initiatives</a> can potentially drive demand for its products. For example, Zebra collaborates with industry giants like Alphabet&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) Google Cloud and Android, as well as Qualcomm (NASDAQ:<a href="https://investorplace.com/stock-quotes/qcom-stock-quote/">QCOM</a>) to incorporate new generative AI capabilities into its handheld devices. This cutting-edge technology will empower front-line employees to access domain-specific knowledge, enhancing their decision-making abilities and overall productivity.&nbsp;&nbsp;



To summarize, there is hope for a recovery in Zebra&rsquo;s business. Until then, you can buy this option in robotics stocks at a reasonable <a href="https://seekingalpha.com/symbol/ZBRA/valuation/metrics">25 times forward earnings estimates</a>.



<h2>Hitachi (HTHIY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/hitachi-stock-1600-300x169.jpg" alt="the hitachi logo on a building"><div>Source: Denis Linine / Shutterstock.com</div></div>Hitachi (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hthiy-stock-quote/">HTHIY</a>) is a Japanese multinational conglomerate that produces industrial equipment and technologies for robots. Currently trading at <a href="https://seekingalpha.com/symbol/HTHIY">$179.94</a>, HTHIY is up 24.79% YTD and is <a href="https://seekingalpha.com/symbol/HTHIY/ratings/sell-side-ratings">rated a &ldquo;strong buy&rdquo;</a> by Wall Street analysts.&nbsp;



In <a href="https://www.hitachi.com/New/cnews/month/2024/01/240131/2023_3Qpre.pdf">Q3 2023</a>, Hitachi beat analyst expectations and reported outstanding top- and bottom-line growth. Total revenues increased 16% year over year to 2,258 billion yen, while net income jumped an astonishing 116.2% year over year to 235.9 billion yen. The company&rsquo;s growth is expected to continue, with management forecasting a staggering 114% increase in EPS for FY 2023. This remarkable performance underscores the company&rsquo;s ability to enhance cash flows and scale its revenues, making it an attractive investment.&nbsp;



The most significant catalyst behind Hitachi&rsquo;s success is its <a href="https://www.hitachi.com/New/cnews/month/2024/03/240319.html">recent partnership with AI giant </a><a href="https://www.hitachi.com/New/cnews/month/2024/03/240319.html">Nvidia</a> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) to incorporate generative AI into its business. Hitachi will utilize Nvidia Omniverse to stimulate and develop large-scale solutions through this collaboration. The company will also combine its Lumada AI library with Nvidia&rsquo;s AI Enterprise and Modulus platforms to enhance customer experience, improve its offerings, and create intelligent, AI-centric solutions. Overall, Hitachi&rsquo;s partnership with Nvidia will be a boon to its business by boosting efficiency in its products and services.



Hitachi is an attractive choice among robotics stocks, boasting stellar financials and a strategic partnership with Nvidia.&nbsp;



On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Michael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-robotics-stocks-to-buy-now-q2-edition/">3 Robotics Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.