Here’s why Foxconn stock price is up 40% YTD

Hon Hai Precision Industry Co., better known as Foxconn (TWSE: 2354), reported worse-than-expected quarterly earnings while the company’s aggressive transition from its core business to manufacturing electric vehicles (EV) has accelerated. Fundamental analysis: Worse-than-expected profit reported, a shift towards making EVs accelerated Foxconn reported a net income decline of 3.7% in the quarter ended December […]