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Furukawa Electric Co ( (JP:5801) ) just unveiled an update.
Furukawa Electric Co. has announced a significant capital expenditure to establish a manufacturing line for 500kV-class HVDC cables, aiming to support the transition to a carbon-neutral society by 2050. This investment, supported by a government subsidy, reflects the company’s strategy to enhance its renewable energy business and improve profitability, with operations expected to start by 2030.
The most recent analyst rating on (JP:5801) stock is a Hold with a Yen9200.00 price target. To see the full list of analyst forecasts on Furukawa Electric Co stock, see the JP:5801 Stock Forecast page.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the energy infrastructure industry, focusing on products like HVDC cables. The company aims to address social issues by promoting carbon neutrality and expanding its business globally, particularly in Asia.
Average Trading Volume: 7,987,047
Technical Sentiment Signal: Buy
Current Market Cap: Yen647.1B
For detailed information about 5801 stock, go to TipRanks’ Stock Analysis page.