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ABB Ltd (ABB)
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Interesting, supply chains are becoming more localized. ABB is a global player. Maybe GE replaces some of ABB for the U.S. market as an example. Things are changing is my point.
Good company and today's valuation seems tempting but I'm keeping my powder dry seeing that the EU is going to be in a major stagflation environment for the foreseeable future. The EU economies have been kept on life support for the last 15 years with artificially low interest rates and now those rates will have to go much higher at the same time they are getting hit with a baseball bat to the head on energy prices. Timing is everything so I'm taking a breather as even the best of boats go down with a low tide. Will hold all I have but too much market risk for my appetite at this point to be adding any more. Good luck to all.
The CHF premium is over… for the moment.
$ABB has started the year with a promising performance in the face of multiple external uncertainties. I expect this year to result in improving profitability, solid cash flow and execution of our planned portfolio activities
ABB has fallen badly after earnings for the past few Qs. Wonder if this will be different? Maybe more news on the ,free, shares for the spin off? Hope is all that’s left…..
All of Europe is down. Will nibble on a few. USD is up 10% against the Euro (I know, this is Swiss franc), but look at German and French stocks. Ten years ago the USD to Euro was 1.44; today its 1.06. Europe will be on sale until the Ukraine episode sorts itself out. Then money will flow into Ukraine to fix infrastructure.
$ABB 's exposure to Russian steel will be a drag on margins in 2022, Jefferies says. The Swiss company has flagged that several hundred million dollars of European motors business sourced its steel from Russia, with Jefferies estimating business worth around $600 million-$700 million. While ABB has safety stock, that sourcing will move to China going forward, Jefferies says. This would add a 20% tariff, a margin drag for ABB's motion business going forward, the bank says. Jefferies reduces its 2022 operating Ebita for ABB by 5%, cutting its target price on the stock to CHF28 from CHF30 and maintaining its hold rating.
Sell the news…. As usual!
Lightning eMotors $ZEV and $ABB has signed a partnership to offer DC fast electric vehicle chargers for commercial electric fleet vehicles.
ABB’s high-output 20 kW to 350 kW DC fast chargers will be available via Lightning Energy, a division of Colorado’s Lightning eMotors.
Since entering the e-mobility market in 2010, ABB has sold more than 400,000 electric vehicle chargers across more than 85 markets including more than 20,000 DC fast chargers and 380,000 AC chargers.
$ABB has bought Spanish robot maker ASTI Mobile Robotics Group in the Swiss engineering company's latest move to diversify its robotics business beyond its traditional automotive base.
ABB's robotics business has been targeting other industrial sectors amid a downturn in the auto sector, its biggest customer.
It announced on Tuesday the acquisition of ASTI, which makes autonomous mobile robots (AMRs), which can freely move around factory floors at up to 2 metres per second without following pre-installed tracks.
It gave no financial terms.
ASTI's robots can tow and move boxes, and deliver components with payloads up to 2,000 kg.
"AMRs are the ultimate, flexible robots," said Sami Atiya, president of ABB's Robotics & Discrete Automation business. "They are enabling the factory of the future."
"With the rise of e-commerce and 24-hour delivery from logistics centres there are many businesses which simply would not be able to operate without these machines," ASTI CEO Veronica Pascual Boe told Reuters.
Customers include Nestle , L'Oreal and Procter & Gamble .
The global AMR market is growing at around 20% per year, according to ABB, and is expected to reach $14 billion by 2025.
"Our goal is to exceed the market growth," Atiya said, adding further ABB acquisitions in robotics were possible.
ABB, which competes with Japan's FANUC and Germany's Kuka in the robots market, said it used ASTI's robots at its own factories before it decided to buy the privately held company.
ASTI employs 300 and has seen sales grow 30% per year since 2015. The company targets sales of around $50 million this year.
HSBC analyst Sean McLoughlin upgraded $ABB to Buy from Hold with a price target of CHF 35, up from CHF 27 as part of a broader research note on European Capital Goods sector.
up 4% in pre-market. Love this long term and dividends not bad while waiting. One of the top robot makers in the world and robots are the future. Hard to find this kind of potential growth that's paying a decent dividend. Recommend to all retirees for income and long term investors for growth.
Not a consistent EPS annual grower, but keeps ratcheting it up over time.
It seems to be well positioned where money is going to flow (and sentiment already has) so it is somewhat surprising that the PE is at or below the market multiple. I usually only buy very boring deep discount stocks (like those bear market instances where you can find gems trading below their net working capital, not giving any value to land and equipment and real estate.)
Few people reading this even know what I'm talking about, but it happens. Anyway, I am one of those deep value players, and this is not really in that category, but I am intrigued by its low price relative to EPS even though it is "with it". Or maybe the kids these days say "rad". Or maybe I'm just really old. But I can still recognize value.
This company has created a nice foundation which to build on.
With the acquisition of the GE Industrial Solutions and putting Maryrose Sylvester in charge of US Operations.
Maryrose has been involved with reorganizing Harley Davidson and and blew Wall Street away with profits up 67% in October of this last year.
US Manufacturing is growing and now the company has the access into the US Market that it needs.
The sell of their Power Grid to Hitachi was a great move to generate cash and to realign with what they are good at.
From a strategic point, ABB is a portfolio of the future. From a quantitative view, ABB's forward EV/EBITDA around 12x looks like a very reasonable price for a company that leads the future of energy and automation.
The green energy push and continued move to electric cars will support huge revenue growth for ABB as their expertise in charging stations is demanded by countries across the world. Between electric car charging stations, electric grid expertise and a worldwide leader in automation, ABB seems to be the holy trinity of modern economic outlook and investment. The dividend is icing on the cake so you get paid while you watch the stock appreciate. This company runs with the precision of a Swiss watch. No wonder since the company itself is Swiss and a leader in its field.
On December 7, 2021 ABB will hold its Capital Markets Day in Zurich, Switzer- land, highlighting the topic of sustainable transport.
At the event, Björn Rosengren, CEO and Timo Ihamuotila, CFO, will provide an update on the strategic and financial development of ABB. In addition, representatives from all business areas will discuss ABB’s customer offering and position in the sector of sustainable transport. This includes both electrical and hydrogen transport solutions for various customer segments.
$ABB announced it has separated the E-mobility business into its own division
and initiated a carve out into a separate legal structure. These steps will allow for preparation for a possible public listing and create a platform for accelerated growth and value creation in this business.
Amazon Web Services (AWS) has teamed up with global tech firm $ABB to develop a new cloud-based digital solution for the real-time fleet management of electric vehicles.
Designed to work with all vehicle types and charging infrastructure, the solution combines ABB’s experience in energy management, charging technology and e-mobility solutions with AWS’s range of cloud technologies and software expertise.
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