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Mitsubishi Heavy Industries ( (JP:7011) ) has shared an update.
Mitsubishi Heavy Industries has entered a basic agreement with Electric Power Development Co., Ltd. (J-POWER) to transfer its domestic onshore wind power generation business to a newly established subsidiary, which will then be transferred to J-POWER. This strategic move aims to leverage J-POWER’s focus on expanding its core business in wind power, allowing MHI to maximize the expertise of its personnel and align with global decarbonization efforts. The transaction is expected to be completed by April 1, 2026.
The most recent analyst rating on (JP:7011) stock is a Buy with a Yen5062.00 price target. To see the full list of analyst forecasts on Mitsubishi Heavy Industries stock, see the JP:7011 Stock Forecast page.
More about Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. operates in the heavy machinery industry, focusing on manufacturing large-scale wind turbines and providing engineering and after-sales services. The company has delivered over 4,200 turbines globally, primarily in North America and Japan, contributing significantly to the wind power sector.
Average Trading Volume: 31,373,944
Technical Sentiment Signal: Buy
Current Market Cap: Yen15451.1B
For a thorough assessment of 7011 stock, go to TipRanks’ Stock Analysis page.