Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The latest update is out from Hon Hai Precision Industry ( (HNHPF) ).
Hon Hai Precision Industry Co. has announced that its subsidiary, PCE Paragon Solutions Kft., has acquired 16,000 common shares of Foxconn EV Technology Inc., amounting to a total transaction of USD 64,600,000. This transaction, aimed at long-term investment, strengthens Foxconn’s position in the electric vehicle technology sector, with the transaction fully approved by the board of directors. Additionally, Foxconn EV Technology Inc. has acquired shares in Foxconn EV System LLC for USD 55,000,000, further consolidating its interests in the electric vehicle market. Both transactions highlight the company’s strategic focus on expanding its footprint in the EV industry, potentially increasing its influence and offering new opportunities for stakeholders.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., also known as Foxconn, is a leading electronics manufacturer known for producing a wide range of electronic products, including components for consumer electronics, cloud technology, computing, and communication solutions. The company has a significant focus on electric vehicle technology and related investments.
YTD Price Performance: 65.63%
Average Trading Volume: 48,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $76.72B
For detailed information about HNHPF stock, go to TipRanks’ Stock Analysis page.
