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Mitsubishi Electric Corporation (MIELY)
| Previous close | 32.36 |
| Open | 31.15 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 31.15 - 32.78 |
| 52-week range | 22.54 - 34.83 |
| Volume | |
| Avg. volume | 49,937 |
| Market cap | 33.735B |
| Beta (5Y monthly) | 0.73 |
| PE ratio (TTM) | 20.03 |
| EPS (TTM) | 1.60 |
| Earnings date | N/A |
| Forward dividend & yield | 0.65 (2.01%) |
| Ex-dividend date | 28 Sept 2023 |
| 1y target est | N/A |
- Yahoo Finance Video
GE Vernova has 'multi-year pathway' to profitability: Analyst
General Electric (GE) has successfully split its business into three independent companies, with GE Vernova (GEV) representing the energy-focused division. RBC Capital Markets Analyst Chris Dendrinos joins Yahoo Finance Live to discuss his bullish initiation of coverage on GE Vernova, rating the stock as Outperform with a $160 price target. Dendrinos explains that with "multi-national conglomerate[s]," funds are often invested in certain parts of the business while others remain underinvested. With General Electric's company splitting into standalone businesses, he believes all investments for GE Vernova will be directed into the energy business, boosting transformation efforts. When asked about competition concerns, Dendrinos says that GE Vernova is a "leader" in all of its segments. However, he notes that on the wind front, Siemens Energy (ENR.DE) could be a competitor, and in the power segment, Mitsubishi (6503.T) could pose a challenge. Dendrinos highlights that GE Vernova has a "multi-year pathway" to financial improvement, emphasizing that it will be a long-term effort to reach normalization. Nevertheless, he believes the company will eventually achieve the desired free cash flow, which should boost the stock's valuation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
Business WireMitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems
TOKYO, April 05, 2024--Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter "Hitachi Industrial Equipment Systems") and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter "Mitsubishi Electric") today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automati
Business WireMitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO
TOKYO, April 03, 2024--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2. Going forward, Mitsubishi Electric expects to leverage AIRCALO’s broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying European ma
