VLEEY - Steak Or Sizzle? Nidec Offers Both

• Nidec posted a double-digit beat at the operating line in the fiscal second quarter, and management raised expectations.
• Orders for Nidec's E-axle products continue to roll in, leading management to upgrade its unit/share targets and accelerate its capacity additions.
• Nidec has staked out a strong IP position in EV traction motors, but don't ignore opportunities like robotics and thermal management.
• Strong share price performance makes the valuation argument more difficult, but Nidec has a strong core business and an appealing multiyear secular growth story to support valuation.

For further details see: