We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ABB Ltd. (ABB) to Unveil Battery Charger in InnoTrans show
Read MoreHide Full Article
Premium diversified machinery company, ABB Ltd. declared that it would soon launch a new variation of silicon carbide (SiC) power semiconductor-based battery charger which can be utilized for all types of rail applications. This move is in sync with the company’s ‘Next Level Strategy’ and is likely to drive its commercial growth in the near term.
The battery charger would be launched by ABB Ltd in the approaching (Sep 20-23, 2016) InnoTrans trade show which will be held in Berlin, Germany. This battery charger would expand the company’s existing BORD¬LINE BC series and complement its existing individual supporting converter product family as well.
The fresh product would be compatible with all train battery voltages. Moreover, it would be almost 10 times smaller and relatively lighter than the previous versions of BORD¬LINE BC launched by the company. The device would possess a power density of 1 (kilowatt) kW per liter and per (kilogram) kg.
This launch would reinforce ABB Ltd.’s existing product technology. It would also fortify its ‘Next Level Strategy,’ which has been implemented to derive profitable growth. Share price of the company was $22.25 per share as of Sep 15, 2016. We project the aforesaid announcement to result in stock price movement in the near term.
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ABB Ltd. (ABB) to Unveil Battery Charger in InnoTrans show
Premium diversified machinery company, ABB Ltd. declared that it would soon launch a new variation of silicon carbide (SiC) power semiconductor-based battery charger which can be utilized for all types of rail applications. This move is in sync with the company’s ‘Next Level Strategy’ and is likely to drive its commercial growth in the near term.
The battery charger would be launched by ABB Ltd in the approaching (Sep 20-23, 2016) InnoTrans trade show which will be held in Berlin, Germany. This battery charger would expand the company’s existing BORD¬LINE BC series and complement its existing individual supporting converter product family as well.
The fresh product would be compatible with all train battery voltages. Moreover, it would be almost 10 times smaller and relatively lighter than the previous versions of BORD¬LINE BC launched by the company. The device would possess a power density of 1 (kilowatt) kW per liter and per (kilogram) kg.
This launch would reinforce ABB Ltd.’s existing product technology. It would also fortify its ‘Next Level Strategy,’ which has been implemented to derive profitable growth. Share price of the company was $22.25 per share as of Sep 15, 2016. We project the aforesaid announcement to result in stock price movement in the near term.
ABB LTD-ADR Price
ABB LTD-ADR Price | ABB LTD-ADR Quote
Stocks to Consider
ABB Ltd. currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the industry include EnerSys (ENS - Free Report) , AO Smith Corp. (AOS - Free Report) and Schneider Electric SE (SBGSY - Free Report) . All the three companies currently hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>