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    6501   JP3788600009

HITACHI, LTD.

(6501)
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GE Hitachi Nuclear to build small reactor in Canada

12/03/2021 | 01:35am EST
FILE PHOTO: Logo of Hitachi is seen in Zurich

TOKYO (Reuters) - GE Hitachi Nuclear Energy, an alliance between General Electric Co and Japan's Hitachi Ltd will build a small modular nuclear reactor (SMR) with Ontario Power Generation (OPG), the Canadian utility said on Friday.

OPG will deploy the SMR at its site in Darlington where it has a license to build a new nuclear power site that it expects to complete around 2028, the company said in a press release.

SMRs can be made in factories and transported to power plants for installation, making them cheaper than larger conventional reactors. Demand for SMRs is expected to grow as nations around the world look for ways to cut carbon emissions.

Canada wants to phase out coal by 2030 and become carbon neutral by 2050.

SMRs have capacity of up to 300MW(e) per unit, around a third of conventional reactors, according to the International Atomic Energy Agency.

Canada gets around 15% of its power from nuclear from 19 reactors, mostly in Ontario, producing 13.5 GWe, according to the World Nuclear Association.

(Reporting by Tim Kelly; Editing by Ana Nicolaci da Costa)


ę Reuters 2021
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Analyst Recommendations on HITACHI, LTD.
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Financials
Sales 2022 9 712 B 85 404 M 85 404 M
Net income 2022 571 B 5 017 M 5 017 M
Net Debt 2022 1 634 B 14 369 M 14 369 M
P/E ratio 2022 10,8x
Yield 2022 1,91%
Capitalization 6 092 B 53 536 M 53 569 M
EV / Sales 2022 0,80x
EV / Sales 2023 0,78x
Nbr of Employees 350 864
Free-Float -
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Hitachi, Ltd. Technical Analysis Chart | 6501 | JP3788600009 | MarketScreener
Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 6 298,00 JPY
Average target price 8 052,14 JPY
Spread / Average Target 27,9%
EPS Revisions
Managers and Directors
Toshiaki Higashihara Managing Executive Officer
Keiji Kojima Managing Executive Officer
Yoshihiko Kawamura Executive Strategist
Norihiro Suzuki Head-Central Research Institute
Seiichiro Nukui Executive IT Strategist
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