Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Power Solutions, Ltd.
  6. News
  7. Summary
    4450   JP3782930006

POWER SOLUTIONS, LTD.

(4450)
  Report
Delayed Japan Exchange  -  12:34 2022-09-29 am EDT
2530.00 JPY   +2.51%
09/28Factbox-U.S. companies brace for Hurricane Ian
RE
09/28German govt infighting grows over nuclear power plant extension
RE
09/28Factbox-Over 100,000 customers without power in Florida from Hurricane Ian
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Biden lauded as House passes Inflation Reduction Act

08/12/2022 | 09:23pm EDT

STORY: The legislation to fight climate change and lower prescription drug prices aims to cut domestic greenhouse gas emissions. It will also allow Medicare to negotiate lower drug prices for the elderly and ensure that corporations and the wealthy pay the taxes they owe. Democrats say it will help combat inflation by reducing the federal deficit.

The House voted 220-207 along party lines to pass the measure titled the "Inflation Reduction Act" and send it on to Biden to sign into law. The Senate approved the legislation on Sunday (August 7) after a marathon, 27-hour session.

Democrats hope the legislation will help them at the polls in November, when voters decide the balance of power in Congress ahead of the 2024 presidential election. Republicans are favored to win a majority in the House and could also take control of the Senate.

Biden plans to travel across the country to tout the bill along with a series of other legislative victories at a time when many voters have soured on him amid soaring inflation.

About half of Americans support the climate and drug pricing legislation, including 69% of Democrats and 34% of Republicans, according to a Reuters/Ipsos poll conducted on Aug. 3 and 4.

Business groups have had a mixed reaction to the legislation, which offers the prospect of higher tax bills for some companies while at the same time giving protections to the fossil fuel industry.

Republicans oppose the legislation, warning it will kill jobs by raising corporate tax bills, further fuel inflation with government spending, and inhibit the development of new drugs.

The bill has been more than 18 months in the making. It represents a final version of Biden's original sweeping Build Back Better plan, which had to be whittled down in the face of opposition from Republicans and key legislators from his own party.

The bill's main revenue source is a 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code to slash their tax bills to zero.


© Reuters 2022
All news about POWER SOLUTIONS, LTD.
09/28Factbox-U.S. companies brace for Hurricane Ian
RE
09/28German govt infighting grows over nuclear power plant extension
RE
09/28Factbox-Over 100,000 customers without power in Florida from Hurricane Ian
RE
09/28ETF Preview: ETFs, Futures Mixed Pre-Bell After Trade, Mortgage Applications..
MT
09/28India extends free food programme ahead of state elections
RE
09/28Door slams on Fed 'put' as market pain takes back seat to inflation fight
RE
09/28APPEC-China's petchem production costs way below Europe's - exec
RE
09/28NCC Expands Electricity Supply in Southern Stockholm
CI
09/27APPEC-China's oil demand set to recover as COVID curbs ease
RE
09/27Adyen Expands Partnership with SHOPLINE to Supercharge Smart Commerce
CI
More news
Analyst Recommendations on POWER SOLUTIONS, LTD.
More recommendations
Financials
Sales 2021 3 801 M 26,3 M 26,3 M
Net income 2021 253 M 1,75 M 1,75 M
Net cash 2021 991 M 6,86 M 6,86 M
P/E ratio 2021 13,2x
Yield 2021 -
Capitalization 3 569 M 24,7 M 24,7 M
EV / Sales 2020
EV / Sales 2021 0,58x
Nbr of Employees 231
Free-Float 32,3%
Chart POWER SOLUTIONS, LTD.
Duration : Period :
Power Solutions, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends POWER SOLUTIONS, LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 530,00
Average target price
Spread / Average Target -
Managers and Directors
Tadao Takahashi President & Representative Director
Katsuhiko Fujita Chairman
Shizuko Kawashima Director & Head-Business Administration
Hiroyuki Ozaki Independent Outside Director
Shigenobu Sato Director
Sector and Competitors
1st jan.Capi. (M$)
POWER SOLUTIONS, LTD.8.30%24
ACCENTURE PLC-36.82%165 683
TATA CONSULTANCY SERVICES LTD.-18.80%135 891
AUTOMATIC DATA PROCESSING, INC.-5.93%96 327
INFOSYS LIMITED-26.12%71 573
SNOWFLAKE INC.-48.68%55 611