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Panasonic Holdings (OTC:PCRHY) Stock, Option Chain

Panasonic Holdings is a conglomerate that has diversified from its consumer electronics roots. It has five main business units: lifestyle (white appliances and housing products); automotive (cockpit systems); connect (BtoB businesses); industry (FA products, electronic materials, and devices); and energy (rechargeable batteries). After the crisis in 2012, former president Kazuhiro Tsuga has focused on shifting the business portfolio to increase the proportion of B2B businesses to mitigate the tough competition in consumer electronics products.

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Panasonic Holdings Corp

Denmark is poised to cement its place as a leader in <a href="https://www.benzinga.com/topic/medical-cannabis">medical cannabis</a> regulation. On November 19, Minister of the Interior and Health Sophie Løhde <a href="https://www.ism.dk/nyheder/2024/november/regeringen-vil-goere-ordning-med-medicinsk-cannabis-paa-recept-permanent">proposed</a> making the country's medical cannabis trial scheme permanent, a bold move following <a href="https://www.benzinga.com/markets/cannabis/23/10/35346758/europes-high-irish-gps-against-pot-switzerland-spain-share-data-on-cannabis-clubs-more">years of steady growth</a> in patient participation.
<h4 class="wp-block-heading">Medical Cannabis Success in Denmark</h4>
The trial scheme, introduced in 2018, aimed to provide patients with conditions such as multiple sclerosis and cancer access to medical cannabis treatments. Extended in 2021, the program is set to expire at the end of 2025. However, its success has been undeniable. Over the last three years, more than 20,000 prescriptions have been redeemed, and approximately 1,800 patients are currently benefiting from cannabis-based medicines.
Minister Løhde highlighted the program&#8217;s impact: "We see that many patients who receive medical cannabis prescriptions appear to benefit from the treatment. This includes cancer patients suffering from severe nausea after chemotherapy and people with multiple sclerosis experiencing intense pain."
<h4 class="wp-block-heading">The Road to Permanency</h4>
The government's proposal reflects its commitment to ensuring continued legal access to medical cannabis for patients. Minister Løhde emphasized the need for collaboration, stating, "We first need to hear the perspectives of the parties involved in the agreement."
On November 19, Løhde invited representatives from political groups behind the original agreement—SF, Liberal Alliance, Red-Green Alliance, Danish People&#8217;s Party, and the Alternative—to discuss the scheme's future.
<h4 class="wp-block-heading">Industry Support</h4>
Denmark's cannabis industry also welcomed the news. Thomas Skovlund Schnegelsberg, CEO of Danish MMJ producer Stenocare, expressed optimism about the proposal. "It is excellent news for patients and Stenocare that the government is now taking steps toward permanent legalization. We are confident that the future of medical cannabis treatment is in good hands," adding that "the permanent legalization will establish a clear framework for the future, offering clarity beyond December 2025 and justifying investments in new products that deliver value to both doctors and patients."
As negotiations unfold, Denmark appears ready to solidify its role as a pioneer in regulated medical cannabis, offering hope and legal options to patients across the country.
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Cannabis

News

Psychedelics

Regulations

Eurozone

Denmark Moves Toward Permanent Medical Cannabis Program

Pareto Securities analyst Eirik Haavaldsen downgrades Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) from Buy to Hold and announces $12.5 price target.

Downgrades

Price Target

Analyst Ratings

GOGL

Pareto Securities Downgrades Golden Ocean Group to Hold, Announces $12.5 Price Target

ZVRA

Zevra Therapeutics Says MIPLYFFA, The First Treatment Approved By FDA For  Treatment Of Nieman Pick Disease Type C, Is Now Commercially Available For Dispense

Connexa Sports Technologies Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) is pleased to announce that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector, taking its overall stake in YYEM to 70% and received Nasdaq confirmation that post-acquisition trading of YYAI will commence at the market opening tomorrow morning on November 22, 2024.
As a result of the acquisition, Connexa has now undergone a change of control, appointed new officers, new directors, and effected a spin-off of the Slinger Bag business.

Connexa Sports Technologies Inc. - Common Stock

YYAI

Connexa Sports Announces It Has Closed The Acquisition Of A Further 50% Ownership Stake In Yuanyu Enterprise Management Co., Taking Its Overall Stake In YYEM To 70% And Received Nasdaq Confirmation That Post-Acquisition Trading Of YYAI Will Commence At The Market Opening Tomorrow Morning On November 22, 2024

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported its second-quarter results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/b42123040/netapp-reports-second-quarter-of-fiscal-year-2025-results">details from the report. </a>
The Details: NetApp reported quarterly earnings of $1.87 per share, which beat the analyst consensus estimate of $1.78. Quarterly revenue came in at $1.65 billion, which beat the analyst consensus estimate of $1.64 billion and is an increase over revenue of $1.56 billion from the same period last year.
The company reported: 
<ul>
<li>Hybrid Cloud segment revenue of $1.49 billion, compared to $1.41 billion in the second quarter of fiscal year 2024. Public Cloud segment revenue of $168 million, compared to $154 million in the second quarter of fiscal year 2024.</li>
<li>Billings of $1.59 billion, compared to $1.45 billion in the second quarter of fiscal year 2024, a year-over-year increase of 9%.</li>
<li>Record all-flash array annualized net revenue run rate of $3.8 billion, an increase of 19% year-over-year.</li>
<li>First party and marketplace cloud storage services revenue grew approximately 43% year-over-year.</li>
<li>Record second quarter non-GAAP operating margin of 29%. </li>
<li>Returned $406 million to stockholders through share repurchases and cash dividends. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
&#8220;Our strong Q2 performance was driven by another record-breaking quarter in all-flash storage and strong performance in first party and marketplace cloud storage services,&#8221; said George Kurian, CEO of NetApp. 
&#8220;Broad-based customer preference for our intelligent data infrastructure platform and visionary approach for a data-driven future has enabled us to outgrow the market and take share from competitors. Our focus and momentum fuel my confidence in our ability to deliver outstanding results for customers and shareholders,&#8221; Kurian added. 
NTAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, NetApp shares are up 4.16% after-hours at $131.95 at the time of publication Thursday. 
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Courtesy of NetApp, Inc.

Earnings

After-Hours Center

Movers

Tech

NTAP

NetApp Stock Climbs After Better-Than-Expected Q2 Results

Cryptocurrency Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has soared over the past week, but remains well below the all-time highs <a href="https://www.benzinga.com/24/11/42018208/bitcoin-ethereum-dogecoin-pepe-shiba-inu-benzinga-readers-pick-this-crypto-to-have-the-biggest-gain-before-end-of-2025">set back in 2021.</a>
While Ethereum&#8217;s gains in 2024 are less than those of other cryptocurrencies, the second-largest crypto still trades significantly higher than when it launched in 2015.
What Happened: Ethereum co-founder Vitalik Buterin proposed the digital currency via a 2014 white paper, with the goal of adding scripting to make it easier for application development and to <a href="https://www.benzinga.com/markets/cryptocurrency/21/09/22811912/5-things-you-might-not-know-about-ethereum-creator-vitalik-buterin-3" target="_blank" rel="noreferrer noopener">set up binding contracts.</a>
Ethereum was officially launched on July 30, 2015. During its first calendar year, Ethereum traded between $0.42 and $1.39 with a starting price of around $0.74 according to&nbsp;<a href="https://www.sofi.com/learn/content/ethereum-price-history/" target="_blank" rel="noreferrer noopener">SoFi</a>. The first Ethereum transaction was carried out on Aug. 7, 2015,&nbsp;<a href="https://www.globaldata.com/data-insights/financial-services/ethereums-price-history/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to Global Data.
Ethereum gained momentum thanks to its listing on cryptocurrency platform&nbsp;Coinbase Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>). It became the second-ever cryptocurrency, after&nbsp;Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), to be listed on the platform.
Over the years there have been several major events and updates to Ethereum including the fork of Ethereum 2.0 and&nbsp;Ethereum Classic&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>).
Ethereum saw increased attention and a surge in valuation related to the boom of non-fungible tokens in 2021. Many of the NFTs were built on the Ethereum blockchain, including&nbsp;CryptoPunks&nbsp;and&nbsp;Bored Ape Yacht Club. A record sale of a&nbsp;Beeple&nbsp;NFT&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/03/20134939/beeple-nft-sold-for-a-record-69-million" target="_blank" rel="noreferrer noopener">created interest in NFTs&nbsp;</a>and Ethereum.
Today, Ethereum is the second most valuable cryptocurrency with a market capitalization of $403.1 billion.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42095265/4-reasons-why-ethereum-will-still-outperform-bitcoin-analyst-sees-4000-to-6000-as-target">4 Reasons Why Ethereum Will Still Outperform Bitcoin—Analyst Sees $4,000 To $6,000 As Target</a>
Investing $1,000 in Ethereum:&nbsp;An investment in the second largest cryptocurrency the year it launched would have generated a strong return for investors.
While it was harder to invest in Ethereum prior to its inclusion on major cryptocurrency exchanges, investors were able to purchase the crypto after it launched.
Based on a starting price of $0.74, an investor could have purchased 1,351.35 ETH at the time of launch.
The $1,000 investment in Ethereum at launch would be worth $4,512,009.00 today based on a price of $3,338.89 at the time of writing.
At its all-time high of $4,815 set in November 2021, the $1,000 investment in Ethereum at the time of launch would have been worth $6,506,750.25.
Ethereum has traded between $1,988.12 and $4,092.28 over the last 52 weeks. There is no guarantee that the cryptocurrency will return to yearly or all-time highs.
While many missed out on investing in Ethereum in the early days, the exercise shows that sometimes investing a small amount in a high-conviction idea can have a huge payout in the future.
Ethereum is nearing its one-year high and could be headed towards its all-time high set on Nov. 16, 2021.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/21/10/23210010/the-butterfly-effect-heres-the-crazy-story-of-how-world-of-warcraft-led-to-the-creation-2">The Butterfly Effect: Here&#8217;s The Crazy Story Of How World Of Warcraft Led To The Creation Of Ethereum</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Education

$BTC

$ETC

$ETH

COIN

If You Invested $1,000 In Ethereum At Launch, Here's How Much You'd Have Today

The Company intends to use the net proceeds of this offering to fund the SERENITY At-Home trial, prepare for the initiation of the TRANQUILITY In-Care trial, working capital and general corporate purposes.
 &nbsp;

Offerings

BTAI

BioXcel Therapeutics Commences Public Offering Of Shares Of Its Common Stock And Accompanying Warrants; No Terms Disclosed

WIIM

KSCP

Knightscope shares are trading lower after the company announced a proposed public offering of Class A common stock and pre-funded warrants to address working capital needs.

GEOS

Geospace Technologies Q4 EPS $(1.00) Down From $0.33 YoY, Sales $35.4M Up From $29.3M YoY

Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) reported its third-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.
The Details:&nbsp;Gap reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 57 cents. Quarterly revenue came in at $3.82 billion, which beat the consensus estimate of $3.81 billion and is an increase over sales of $3.76 billion from the same period last year.
<ul>
<li>Net sales increased 2% versus last year with comparable sales up 1%.</li>
<li>Operating margin of 9.3% improved 270 basis points versus last year.</li>
<li>Market share gains across all brands in the quarter.</li>
<li>Gross margin of 42.7% increased 140 basis points versus last year&#8217;s gross margin.</li>
<li>Merchandise margin increased 90 basis points versus last year primarily driven by improved inventory management.</li>
<li>Ending inventory of $2.33 billion was down 2% compared to last year.</li>
<li>Athleta net sales of $290 million were up 4% compared to last year.</li>
<li>Old Navy net sales of $2.2 billion were up 1% compared to last year.</li>
<li>Gap net sales of $899 million were up 1% compared to last year.</li>
<li>Banana Republic net sales of $469 million were up 2% compared to last year.</li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
&#8220;I&#8217;m proud that Gap Inc. delivered another successful quarter, growing net sales for the fourth consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin,&#8221; said Gap CEO Richard Dickson.
&#8220;Consistent execution of our strategic priorities, including the rigor and repetition we&#8217;re applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.&#8217;s full potential,&#8221; Dickson added. 
Outlook:&nbsp;Gap raised its full-year outlook for net sales, gross margin and operating income growth compared to prior expectations. The company now sees net sales up 1.5% to 2%, gross margin growth of 220 basis points and operating income margin of mid-to-high 60%.
GAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Gap shares are up 12.98% after-hours at $24.90 after gaining 6.89% during Thursday&#8217;s regular trading session.
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Image: Courtesy of Gap, Inc.&nbsp;

Gap Stock Soars On Better-Than-Expected Q3 Results, Raised FY Guidance: Details

American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) announced that on November 15, 2024, its regulated water utility subsidiary, Golden State Water Company ("GSWC"), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission ("CPUC") in connection with the pending general rate case proceeding that will determine new water rates for the years 2025 – 2027. A final decision by the CPUC is expected as soon as the end of the fourth quarter of 2024. When a final decision is issued by the CPUC, the new rates for 2025 will be effective January 1, 2025.
On July 12, 2024, GSWC and the Public Advocates Office ("Cal Advocates") at the CPUC filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in the general rate case proceeding. The proposed decision approves and adopts the settlement agreement in its entirety. Among other things, the settlement agreement authorizes GSWC to invest approximately $573.1 million in capital infrastructure over the three-year cycle in order to continue to provide safe and reliable water utility service to its customers, which includes $17.7 million of advice letter capital investments to be filed for revenue recovery during the second and third year attrition increases when those projects are completed. In addition, the settlement agreement approves $58.2 million of advice letter capital investments already under construction beginning in 2023 also to be filed for revenue recovery during the second and third year attrition increases when those projects are completed. The settlement agreement also allows for additional increases in adopted revenues for 2026 and 2027 subject to an earnings test and changes to the forecasted inflationary index values. Actual increases for 2026 and 2027 will be determined at the time the filings to implement the new rate increases are approved by the CPUC, and will be calculated using inflationary index values at that time.
Furthermore, the proposed decision addressed the two remaining unresolved 2025 revenue requirement issues related to GSWC's sales forecast and supply mix. The proposed decision adopts GSWC's recommended sales forecast and adopts a supply mix that splits the difference between GSWC's and Cal Advocates' forecasts. The proposed decision also addressed the unresolved issues related to GSWC's requests for certain regulatory mechanisms. With regards to these requests, the proposed decision (i) rejects GSWC's request for continuation of a full sales and revenue decoupling mechanism and a full cost balancing account for water supply, and instead orders GSWC to transition to a modified rate adjustment mechanism (a Monterey-style WRAM or "M-WRAM") and an incremental cost balancing account for supply costs, (ii) rejects GSWC's sales reconciliation and supply mix adjustment mechanisms, and (iii) rejects GSWC's request to modify the existing per- and polyfluoroalkyl substances ("PFAS") memorandum account to track carrying costs on capital investments needed to comply with the new PFAS maximum contaminant levels established by the Environmental Protection Agency, and instead orders GSWC to file for recovery of PFAS-related capital projects through a separate application or future general rate case. The proposed decision adopts GSWC's M-WRAM rate design proposal, authorizing GSWC to increase the revenue requirement in its service charges to between 45-48% depending on the ratemaking area representing approximately 65% of GSWC's fixed costs in aggregate. GSWC will file comments on the proposed decision by December 5, 2024. The proposed decision is scheduled to be voted on by the CPUC on December 19, 2024.

Contracts

Legal

American States Water Company Announces Proposed Decision Adopting Settlement Agreement In Its Water Utility General Rate Case; Settlement Agreement Authorizes GSWC To Invest ~$573.1M In Capital Infrastructure Over The 3-Year Cycle In Order To Continue To Provide Safe And Reliable Water Utility Service To Its Customers

Cheche Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it received a notification letter dated November 15, 2024 (the "Notification Letter "), from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq"), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per Class A ordinary share, par value US$0.00001 per share, has been below US$1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the Company's securities.
The Company would like to clarify that the Notification Letter has no current effect on the listing or trading of the Company's securities on Nasdaq. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until May 14, 2025&nbsp;(the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per Class A ordinary share&nbsp;is at least US$1.00 for&nbsp;a minimum&nbsp;of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

Cheche Group Announces Receipt Of Notification Letter From Nasdaq Regarding Minimum Price Deficiency

5E Advanced Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEAM#NASDAQ">FEAM</a>) reported quarterly losses of $(0.20) per share. This is a 4.76 percent increase over losses of $(0.21) per share from the same period last year.

FEAM

5E Advanced Materials Q1 EPS $(0.20) Up From $(0.21) YoY

Each of these projects is expected to start in 2025 and will be completed within 20 months.
Orion Marine was awarded a significant $88 million contract by South Carolina State Ports Authority in a competitive bid process.&nbsp;
In addition, Orion Marine was awarded a $12.9 million subcontract to Haskell.
&nbsp;
&nbsp;

Orion Group Secures Three Contract Awards, Two In Its Marine Segment And One In Its Concrete Segment Valued At Approximately $111M

FLUX

Flux Power shares are trading lower. The company announced the retirement of its CEO who also serves as chairman.

Management

Oceaneering Announces Promotion Of Benjamin M. Laura To Senior Vice President And Chief Operating Officer

MDU Resources plans to increase investments in its electric and natural gas distribution segments by 47% over the next five years compared to 2020-2024.&nbsp;
&nbsp;

Guidance

MDU Resources Plans To Make Capital Investments Totaling $3.1B From 2025 Through 2029, Up 15% From 2024-2028; Remains Committed To Long-Term EPS Growth Target Of 6%-8% With Enhanced Capital Investment Plan

THRM

Gentherm Appoints Jonathan Douyard As Executive Vice President, CFO And Treasurer

MDU Resources Sees 2025 Capital Investments Of $3.1B From 2025-2029, Up 15% From 2024-2028

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4309831-1&amp;h=1137391191&amp;u=https%3A%2F%2Fwww.nmrk.com%2F&amp;a=Newmark+Group%2C+Inc.+">Newmark Group, Inc. </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) ("Newmark") Executive Chairman Howard W. Lutnick provided the following statement:
"I am deeply honored to have been nominated by President Donald J. Trump to serve as the 41st U.S. Secretary of Commerce. I look forward to this new chapter in my life, working for President Trump to promote economic growth, drive innovation, and strengthen our nation's financial security.&nbsp;
Upon U.S. Senate confirmation, I will step down from my positions at Cantor, BGC, and Newmark. I intend to divest my interests in these companies to comply with U.S. government ethics rules and do not expect any arrangement which involves selling shares on the open market.
I have full confidence in the leadership of Barry Gosin, Newmark's Chief Executive Officer, and our exceptional management team to continue to drive the success of the company, upholding the best interests of Newmark's clients, investors, and employees."
Newmark expects no changes to its existing corporate structure and expects to disclose further details at a later date.

Politics

General

NMRK

Newmark's Executive Chairman Howard W. Lutnick Nominated For U.S. Secretary Of Commerce

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Toyota Motor (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) is the best electric vehicle manufacturer on the market bar none. TM stock might be the only EV maker worth investing in. The Japanese car company avoided the dramatic retrenching of its EV-focused rivals due to its healthy skepticism.



Toyota chose a diverse approach to EVs instead of focusing on just one type. The leading car manufacturer prioritizes hybrid vehicles, despite producing all-electric battery EVs like its competitors. This proved prescient as BEV demand declines and hybrid sales surge.&nbsp;



Now with even Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) and General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) hedging their EV bets and swinging to the production of more hybrids, Toyota stands head and shoulders above the competition. It is way out in front of the pack and will be the dominant leader for some time to come.



<h2>Always Thinking About Tomorrow</h2>



Toyota has long been well ahead of the industry when it comes to making green vehicles. 



Going as far back as the 1950s when it first introduced its cars to the U.S. market, they got excellent gas mileage. They might not have sold particularly well back then but the oil shocks of the 1970s and 1980s changed that.



While Detroit was consumed with still making gas guzzlers, Toyota was manufacturing cars that sipped gasoline, getting 30 miles per gallon. 



It catapulted the Japanese automaker to the forefront of the industry. By the mid-2000s, Toyota surpassed GM as the world&rsquo;s largest car seller, a position it has never relinquished.



Yet it was 2001&rsquo;s introduction of the Prius that Toyota displayed its forward thinking and put itself ahead of the competition once again. 



With gas mileage exceeding 50 mpg, it was an instant driver favorite. Since then, Toyota has continued to explore alternatives to mainstream thinking.&nbsp;



Not only is Toyota the premier hybrid automaker, but it has invested heavily in hydrogen fuel cells, and not just for vehicles. 



It is building Woven City, a 175-acre smart city powered by hydrogen fuel cells to test new technology, including autonomous vehicles and smart homes. 



It has created the MONET Technologies joint venture with Softbank (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sftby-stock-quote/">SFTBY</a>) and other Japanese automakers to develop autonomous vehicle services. 



It has a battery JV with Panasonic (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pcrhy-stock-quote/">PCRHY</a>) to develop EV batteries with a 1,000 kilometer range.



<h2>The Future of TM Stock</h2>



These are not just technologies for the future. Toyota plans to implement them today. 



Its new batteries, for example, will appear in its 2026 model vehicles that will feature gigacasting manufacturing and a <a href="https://japan-forward.com/can-the-arene-os-make-toyota-the-apple-of-evs/#google_vignette">new computer operating system</a> called Arene that may turn Toyota into the &ldquo;Apple of EVs.&rdquo;



These are advanced technologies Toyota is deploying that others are shrinking away from. 



Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), for example, was supposed to begin using gigacasting manufacturing but has since abandoned the idea. 



Gigacasting is like die casting Hot Wheels cars. It <a href="https://www.reuters.com/business/autos-transportation/tesla-retreats-next-generation-gigacasting-manufacturing-process-2024-05-01/">stamps out the underbody</a> of a vehicle, which typically contain hundreds of pieces, as a single unit. 



Where Toyota is moving forward with gigacasting, Tesla is sticking with its current three-part underbody.



And to cut costs further, Toyota is expanding its manufacturing operations outside of Japan. 



While almost 80% of the automaker&rsquo;s sales come from outside Japan, less than two-thirds of its manufacturing plants are located elsewhere. Getting manufacturing closer to its customers will save more money.



<h2>The Real EV Road Ahead</h2>



Toyota enjoyed massive profits in 2023 as its hybrid sales took off. It sold 3.4 million hybrids last year, up 31% from the 2.6 million it sold in 2022. BEVs, on the other hand, accounted for <a href="https://www.motor1.com/news/706746/toyota-electric-vehicle-2023-sales/">less than 1%</a> of all the vehicles it sold, or some 104,000 vehicles.&nbsp;



That continued in the first quarter where sales surged 20% from the year-ago period. EVs of all kinds now account for nearly 37% of total sales.



Yet Toyota doesn&rsquo;t think BEVs will ever be a winning bet. The CEO of Toyota North America Ted Ogawa called them a <a href="https://www.autonews.com/executives/toyota-na-ceo-ted-ogawa-us-ev-demand-will-be-30-2030">&ldquo;wasted investment.&rdquo;</a> It thinks they will garner just 30% of the total electric vehicle market. 



Hybrid vehicles, fuel-cell EVs and hydrogen cars will account for the other 70%.



With Toyota Motor&rsquo;s leadership position in all of those markets, its stock is a buy today.



On the date of publication, Rich Duprey did not hold (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 <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/06/tm-stock-analysis-why-toyota-is-the-ev-stock-to-beat/">TM Stock Analysis: Why Toyota Is the EV Stock to Beat</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TM Stock Analysis: Why Toyota Is the EV Stock to Beat

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Crisis has become an opportunity for beaten-down <a href="https://investorplace.com/industries/energy/renewable-energy/battery/lithium/">lithium stocks</a>.



For one, <a href="https://www.bloomberg.com/news/articles/2024-06-26/exxon-backs-ev-demand-growth-to-turn-its-lithium-bet-into-a-win">according to Exxon Mobil</a> (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>), &ldquo;the world urgently needs more lithium than it&rsquo;s producing today.&rdquo;



Two, we&rsquo;re just starting to see electric vehicle sales bounce back. In fact, according to Kelley Blue Book, <a href="https://www.coxautoinc.com/market-insights/q4-2023-ev-sales/">about 330,460 EVs were sold in the U.S.</a> just in the second quarter. With those numbers likely to increase even more, far more lithium will be needed.&nbsp;



In addition, according to FastMarkets.com, we could see 487% growth in lithium demand to nearly 412,000 metric tons by 2030. Plus,&nbsp;according to the&nbsp;<a href="https://thehill.com/business/4619107-demand-for-critical-minerals-drives-massive-changes-in-global-economy/#:~:text=Demand%20for%20lithium%2C%20nickel%2C%20cobalt,of%20nearly%201%2C400%20metric%20tons.">United Nation&rsquo;s Conference on Trade and Development,</a>&nbsp;demand for metals, such as lithium are &ldquo;on track&rdquo; to outpace production through 2050. The UN group also noted that &ldquo;Lithium tops the list, with expected demand in 2045 more than tripling the likely supply in that year of nearly 1,400 metric tons.&rdquo;&nbsp;



In short, it&rsquo;s time to buy the excessive fear in lithium stocks before others wake up.&nbsp;In fact, here are seven of the top lithium stocks you may want to buy on weakness today.



<h2>Albemarle (ALB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg" alt="Albemarle (ALB) logo on a mobile phone screen"><div>Source: IgorGolovniov/Shutterstock.com</div></div>At $93.81, the pullback in Albemarle (NYSE:<a href="https://investorplace.com/stock-quotes/alb-stock-quote/">ALB</a>) is overdone.&nbsp;



Not expecting for it to stay this low for long, I&rsquo;d buy it here. While we wait for the eventual recovery, we can collect its 1.73% yield. Its new dividend of $0.405 is payable Oct. 1 to shareholders of record as of Sept. 13.



Granted, most firms are negative on ALB with the pullback in lithium prices, but the drop truly has become overkill.&nbsp;&nbsp;And to be honest, their fear is our opportunity to buy.&nbsp;Also, if the Federal Reserve does cut interest rates this year, as expected, it could drive electric vehicle sales, and related EV-related investments even higher, including lithium.



Helping, recent earnings growth wasn&rsquo;t too shabby.&nbsp;<a href="https://investors.albemarle.com/news-and-events/news/news-details/2024/Albemarle-Reports-First-Quarter-2024-Results/default.aspx">In its first quarter</a>, the company posted adjusted earnings per share of 26 cents, which beat by a penny. Also, its total revenue did rise to $1.36 billion, which was better than the $1.29 billion forecast.



<h2>Sociedad Quimica Y Minera (SQM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/sqm-stock-1-300x169.jpg" alt="Sociedad Quimica y Minera logo displayed on a mobile phone with the company's web page on it. SQM stock"><div>Source: madamF / Shutterstock.com</div></div>Sociedad Quimica Y Minera&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/sqm-stock-quote/">SQM</a>) is another one of the top lithium stocks to buy on weakness.



While we also wait for SQM to recover, we can also collect its yield of about 5.09%.



Earnings haven&rsquo;t been hot, but that&rsquo;s to be expected with current lithium prices. In its first quarter, its <a href="https://www.prnewswire.com/news-releases/sqm-reports-earnings-for-the-three-months-ended-march-31-2024-302153702.html">EPS loss of $3.04 </a>missed by $1.46. Revenue, down 52.2% year over year, also missed by $60 million. However, it looks like the stock is priced in that weakness, as well as weakness from lithium prices. Plus, the company did raise its FY 2025 numbers.



According to&nbsp;<a href="https://www.reuters.com/markets/commodities/lithium-miner-sqm-swings-870-million-loss-sinking-prices-tax-ruling-2024-05-23/#:~:text=%22We%20believe%20that%20the%20strong,during%202024%2C%22%20Ramos%20said.">SQM Chief Executive Officer Ricardo Ramos</a>:&nbsp;&ldquo;We believe that the strong demand growth in the lithium market seen since the beginning of the year could continue for the remainder of the year, with total lithium demand surpassing 1.1 million metric tons during 2024. Given this positive trend in demand growth, especially in&nbsp;China&nbsp;which accounts for almost 75% of global lithium demand, and our updated sales volumes outlook for the year, we believe that our sales volumes could reach 200,000 metric tons in 2024.&rdquo;&nbsp;



<h2>Arcadium Lithium (ALTM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600f-300x169.jpg" alt="a pile of lithium. lithium stocks"><div>Source: Bjoern Wylezich/ShutterStock.com</div></div>Arcadium Lithium (NYSE:<a href="https://investorplace.com/stock-quotes/altm-stock-quote/">ALTM</a>) is also a buy on weakness.



For one, as a low-cost lithium producer, the company should see a massive acceleration in earnings growth with heavier demand for lithium. Two, analysts at <a href="https://quantisnow.com/insight/arcadium-lithium-shares-are-trading-higher-after-rbc-capital-initiated-coverage-with-an-outperform-5578003">RBC Capital</a> just initiated a buy rating on the stock with a price target of $4.



In fact, as noted by the firm, ALTM offers investors &ldquo;the most vertically integrated, and diversified lithium and chemical exposure across our coverage.&rdquo;



Also, as noted by <a href="https://investorplace.com/2024/07/3-lithium-stocks-that-could-grow-your-wealth/">Investorplace contributor Muslim Farooque</a>, &ldquo;It&rsquo;s on course to realize roughly $60 to $80 million in synergies and cost reductions this year. Moreover, analysts forecast a healthy revenue increase of 34% to $1.19 billion this year and an even more staggering growth to $1.61 billion by 2025. Hence, ALTM is poised for significant growth.&rdquo;



While ALTM won&rsquo;t make you rich overnight, patience will be rewarded.&nbsp;



<h2>Standard Lithium (SLI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/sli1600-300x169.png" alt="Standard Lithium logo or icon on website page, Illustrative Editorial"><div>Source: Postmodern Studio / Shutterstock.com</div></div>Standard Lithium (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/sli-stock-quote/">SLI</a>) has been a standout winner.



Rallying from about $1.20 to $1.45 on heavy volume, it&rsquo;s been one of the bright spots of a bleak lithium market. Things could get even better for the company, especially, with electric vehicle sales on the mend and the potential for interest rate cuts from the Federal Reserve in September. 



Helping, there&rsquo;s a <a href="https://www.tipranks.com/stocks/sli/forecast">consensus strong buy</a> on the SLI stock with a target of $3.97.



Better,&nbsp;<a href="https://www.fastmarkets.com/insights/standard-lithium-enters-partnership-agreement-with-energy-multinational-equinor/#:~:text=Standard%20Lithium%20announced%20on%20Wednesday,projects%20in%20the%20United%20States">Standard Lithium recently announced its partnership with Equinor</a>&nbsp;to develop its large-scale lithium projects in the Smackover Formation of east Texas and southwest Arkansas.&nbsp;With this, the deeper pockets at Equinor could help de-risk current SLI projects and help reduce its capital expenditure obligations moving forward.&nbsp;



&ldquo;With this partnership, we have the opportunity to accelerate our progress and carve out a significant role in shaping the future of sustainably produced lithium,&rdquo; added Standard Lithium CEO Robert Mintak, as noted in a company press release.



<h2>Global X Lithium ETF (LIT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600d-300x169.jpg" alt="Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around it. favorite Lithium stocks"><div>Source: GrAl / Shutterstock.com</div></div>We can also look at exchange-traded funds (ETF) like the&nbsp;Global X Lithium ETF(NYSEARCA:<a href="https://investorplace.com/stock-quotes/lit-stock-quote/">LIT</a>).



With an expense ratio of 0.75%, the ETF invests in the complete lithium cycle. That includes mining and refining the metal through battery production.&nbsp;



Some of its 40 holdings include Albemarle,&nbsp;Pilbara Minerals&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/pilbf-stock-quote/">PILBF</a>),&nbsp;Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>),&nbsp;BYD Co. (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddf-stock-quote/">BYDDF</a>),&nbsp;Arcadium Lithium(NYSE:<a href="https://investorplace.com/stock-quotes/altm-stock-quote/">ALTM</a>), and&nbsp;Panasonic&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/pcrhy-stock-quote/">PCRHY</a>).



We also have to consider that&nbsp;should we see a stronger green energy boom and a global recovery in electric vehicle sales, lithium prices should explode even higher.&nbsp;Plus, as noted by the United Nations Conference on Trade and Development, lithium demand is&nbsp;<a href="https://thehill.com/business/4619107-demand-for-critical-minerals-drives-massive-changes-in-global-economy/#:~:text=Demand%20for%20lithium%2C%20nickel%2C%20cobalt,of%20nearly%201%2C400%20metric%20tons.">&ldquo;on track&rdquo;</a>&nbsp;to outpace production through 2050.&nbsp;



All of which could send lithium prices through the roof.



<h2>Amplify Lithium &amp; Battery Technology ETF (BATT)</h2>



<a href="https://investorplace.com/wp-content/uploads/2023/02/shutterstock_1048927511-scaled-e1677265445318.jpg"><img width="300" height="188" src="https://investorplace.com/wp-content/uploads/2023/02/shutterstock_1048927511-scaled-e1677265445318-300x188.jpg" alt="Energy Storage. battery stocks"></a>Or, we can jump into an ETF like the&nbsp;Amplify Lithium &amp; Battery Technology ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/batt-stock-quote/">BATT</a>) once it bottoms out again.



After failing at $9.60 resistance, it&rsquo;s just starting to pivot lower again. Instead of trying to catch a falling knife here, it&rsquo;s best to wait until a new bottom is in place.&nbsp;



Longer term, this is another hot ETF that could double, even triple, when lithium prices and related stocks start to push well off their lows. While simplistic to say, it&rsquo;s only a matter of time before lithium recovers and takes the BATT ETF along for the ride.



With an expense ratio of 0.59%, the BATT ETF provides exposure to global companies that develop, produce and use lithium battery technology &mdash; all for less than $10 a share. BATT ETF has 91 holdings, including&nbsp;Tesla,&nbsp;Albemarle&nbsp;and Sociedad Quimica Y Minera.



<h2>Piedmont Lithium (PLL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/pll1600-300x169.png" alt="Person holding cellphone with logo of US mining company Piedmont Lithium Inc. (PLL) on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>I&rsquo;d also wait to buy Piedmont Lithium (NASDAQ:<a href="https://investorplace.com/stock-quotes/pll-stock-quote/">PLL</a>) on a pullback.



After rallying from about $9, it&rsquo;s failing at $12.65 resistance. Instead of trying to catch the falling knife here, I&rsquo;d wait for it to bottom out first.



Longer-term, there&rsquo;s a lot to like here, especially after the company&nbsp;received approval for a permit for the construction and operation of its proposed Caroline Lithium project from North Carolina. Better, the company&nbsp;says its mine could be one of North America&rsquo;s biggest sources of lithium for electric vehicle batteries.



<a href="https://news.futunn.com/en/post/26255151/roth-mkm-maintains-buy-on-piedmont-lithium-raises-price-target?level=1&amp;data_ticket=1721397985360331">Roth MKM also reiterated a buy rating on Piedmont</a> with a $65 price target shortly after it received approval for its mining permit from North Carolina.



Again, while I do expect to see further weakness immediate term, the stock has substantial upside opportunity with its projects over the long haul.&nbsp;



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



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-lithium-stocks-to-buy-now-q3-edition/">7 Lithium Stocks to Buy Now: Q3 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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