Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Hitachi, Ltd.    6501   JP3788600009

HITACHI, LTD.

(6501)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

UK looking at funding options for EDF's Sizewell C nuclear plant

share with twitter share with LinkedIn share with facebook
09/17/2020 | 09:16am EDT
FILE PHOTO: The moon is seen above Sizewell Nuclear Power Station in Sizewell

Britain is looking at funding options for the 17-18 billion pound ($22-$23 billion) Sizewell C nuclear plant that France's EDF is scheduled to build in eastern England, a spokesman for Prime Minister Boris Johnson said on Thursday.

Britain is phasing out coal plants and investing in renewables to help meet its climate targets. But many of its nuclear plants - another source of low-carbon electricity - also need replacing, and progress so far has been mixed.

Japan's Hitachi on Wednesday dropped its plans to build a new nuclear plant in Britain, while Japan's Toshiba Corp, scrapped its British NuGen project in 2018 after its U.S. reactor unit Westinghouse went bankrupt.

"The government is looking at options to invest in Sizewell, nuclear energy has a key role in meeting our net zero commitments," Johnson's spokesman told journalists.

"We regularly engage with all developers on their projects and are considering a range of financing solutions."

EDF is building Britain's first new nuclear plant in more than two decades, Hinkley Point C, with backing from China's CGN. It also hopes to build Sizewell C, in which CGN also owns a 20% development phase stake.

EDF has called on the government to launch a new regulated asset base (RAB) funding model to help more projects get built, which could see British households pay through their electricity bills while the plants are still being constructed.

Proponents say the model, previously used in Britain to finance monopoly infrastructure assets such as water, gas and electricity networks, would ultimately lower the cost of new projects for consumers.

However, critics say it will leave taxpayers liable for any cost over-runs and delays during construction.

Britain's nuclear power plants can supply around 20% of the country's electricity demand, but around half the plants are set to close in the next four years.

(Reporting by Elizabeth Piper, additional reporting by Susanna Twidale; editing by Sarah Young and Mark Potter)


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 0.39% 10.355 Real-time Quote.4.30%
ENGIE -0.51% 11.68 Real-time Quote.-18.89%
HITACHI, LTD. 1.15% 3591 End-of-day quote.-22.37%
TOSHIBA CORPORATION 2.55% 2820 End-of-day quote.-23.89%
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION -1.94% 62.1 Delayed Quote.-20.18%
share with twitter share with LinkedIn share with facebook
All news about HITACHI, LTD.
10/16HITACHI : Acquired Additional Shares to Hold Majority of Shares of Yungtay Eleva..
AQ
10/15Nikkei flat as coronavirus resurgence in Europe hits sentiment
RE
10/15HITACHI : Acquired Additional Shares to Hold Majority of Shares of Yungtay, Elev..
AQ
10/14HITACHI : ABB Power Grids Wins $6.6 Million Projects to Digitalize High-Speed Ra..
AQ
10/13HITACHI : ABB Power Grids and Tensio TN AS to deliver Norway's First Fully Digit..
AQ
10/09HITACHI : Exhibits in the 'CEATEC 2020 ONLINE'
AQ
10/09HITACHI : Exhibits in the "CEATEC 2020 ONLINE"
AQ
10/08HITACHI : ABB Power Grids India wins INR 100 crore order from HPCL Rajasthan Ref..
AQ
10/07The Virtual Power Plant Market likely to Surge at $4099.45 Million by 2028
AQ
10/07JR East, Hitachi and Toyota to Develop Hybrid Railway Vehicles Powered by Hyd..
AQ
More news
Financials
Sales 2021 8 074 B 76 491 M 76 491 M
Net income 2021 401 B 3 797 M 3 797 M
Net Debt 2021 884 B 8 376 M 8 376 M
P/E ratio 2021 8,62x
Yield 2021 2,72%
Capitalization 3 472 B 32 923 M 32 894 M
EV / Sales 2021 0,54x
EV / Sales 2022 0,47x
Nbr of Employees 301 056
Free-Float 95,6%
Chart HITACHI, LTD.
Duration : Period :
Hitachi, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 4 740,00 JPY
Last Close Price 3 591,00 JPY
Spread / Highest target 61,5%
Spread / Average Target 32,0%
Spread / Lowest Target -2,53%
EPS Revisions
Managers
NameTitle
Toshiaki Higashihara President, Chief Executive Officer & Director
Hiroaki Nakanishi Chairman
Norihiro Suzuki CTO, Managing Executive Officer, Manager-R&D Group
George William Buckley Independent Outside Director
Harufumi Mochizuki Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
HITACHI, LTD.-22.37%32 923
HONEYWELL INTERNATIONAL INC.-3.06%122 714
SIEMENS AG-5.22%103 283
3M COMPANY-3.89%98 482
ILLINOIS TOOL WORKS INC.12.69%65 332
GENERAL ELECTRIC COMPANY-34.68%63 811