Panasonic Corp. (OTC: PCRFY) is one of the world’s largest technology manufacturers, yet it is priced at a bargain when purchased as an OTC stock in the United States. This company is a strong investment option for alternative investors, especially considering its activities in solar energy and energy storage.
Panasonic was on track to generate $77.6 billion in total revenue in 2020. The Coronavirus outbreak may change the situation, but the company has the infrastructure, technology, and products to quickly recover.
Panasonic is a major player in the energy storage industry. It manufactures battery cells for consumer and industrial applications. It is Tesla’s strategic partner for battery cell manufacturing, providing the technology and parts that make electric vehicles possible. The company also manufactures solar panels, giving it exposure to multiple points of the alternative investment market.
There’s an average target price of $11 on this stock, hinting at a reasonable upside for investors who buy now. More importantly for long-term investors, there’s a dividend yield of 2.96%, making it a viable income option within an alternative portfolio.
- 1 Year Price Growth: -13.85%
- YTD Price Growth: -18.82%
- 3 Month Price Growth: -19.01%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.