Panasonic stock is down around 7% this year in Tokyo and trades at a premium to its South Korean battery peers on 14.4 times forward earnings. In fact, moments of weakness in Panasonic stock are often seen as an opportune time to buy. Besides Tesla, Panasonic leans heavily on the broader electric-vehicle industry, where prospects are dimming amid the Trump administration’s lacklustre interest in green policies. Panasonic, along with other foreign battery makers, risks being shut out by new-energy policies aimed at cornering the global market. Panasonic stock is down around 7% this year in Tokyo and trades at a premium to its South Korean battery peers on 14.4 times forward earnings.

Source: Mint April 09, 2018 04:07 UTC