Analysis: Panasonic to get long-term boost from Gigafactory investment

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

The sell-off in Panasonic (PCRFY) is overdone, according to JPMorgan.

The investment firm thinks the company's involvement in Tesla's Gigafactory will be a positive factor in boosting its bottom line.

Panasonic's investment won't materially impact cash flow and the Gigafactory project should provide a consistent long-term revenue stream, predicts JP