Hitachi: Recent Developments Support A 'Buy'

I retain a 'Buy' rating for Hitachi after assessing recent news flow relevant to the company. The Energy segment's growth is catalyzed by nuclear projects like the $40 billion Tennessee venture and Southeast Asia expansion, targeting a mid-teens revenue CAGR to $33 billion by FY30. Its Mobility segment profitability is set to improve through bundled software-hardware deals and the cross-selling of HMAX-branded analytics solutions.