Back to top

Analyst Blog

Close on the heels of winning a $20-million Chinese shipyard deal, ABB Ltd (ABB - Analyst Report) has now clinched an order for the delivery of utility communications solution that will be serving seven electricity distribution control centers located in Iraq. The order was awarded by LS Industrial Systems (LSIS) and was booked in the second quarter of 2013. However, the financial details of the contract were not disclosed.

The scope of the contract includes providing advanced wireless radios to link seven regional control centers and facilitate automation of power distribution system.

The contract is part of Iraq Ministry of Electricity’s broader infrastructure improvement initiative. The main objective of this contract is to establish a reliable power network to support economic and social developments in the country.

Effective and efficient communication system is essential for smooth coordination of grids’ operations. It provides high-performance data services required by most operational networks and supports multiple applications. ABB’s communication system solution will have the capacity of transmitting data from 428 distribution substations and 150 maintenance centers in the grid to seven regional control centers. In addition, the electrical solution will also comprise broadband wireless radio to transfer data as well as voice transmissions.     

This high-capacity wireless communication network will largely benefit the grid, as the radios can communicate over distances over 50 km, ensuring a scalable, highly-flexible and cost-effective solution.

ABB is a leading provider of integrated power and automation solutions for conventional and renewable power generation plants and water applications. The company’s extensive offerings include turnkey electrical, automation, instrumentation and control systems supported by a comprehensive service portfolio to optimize performance, reliability, and efficiency while minimizing environmental impact.

ABB currently has a Zacks Rank #3 (Hold). Other stocks which are worth considering at the moment are Willdan Group Inc. (WLDN), Orion marine Group Inc. (ORN - Snapshot Report) and Primoris Services Corporation (PRIM - Snapshot Report). All three have a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SIGNET JEWE… SIG 116.37 +7.72%
INSITE VISI… INSV 0.30 +7.11%
CHYRONHEGO… CHYR 2.72 +5.84%
US SILICA H… SLCA 70.72 +4.00%
MALLINCKROD… MNK 80.11 +2.32%