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ABB Wins Deal to Supply Roof-Mounted Traction Transformers
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The premium robotics and power grid solutions provider, ABB Ltd , recently clinched a contract from Bombardier Transportation. This entitles ABB to supply 42 Effilight roof-mounted traction transformers for the latter’s TALENT 3 electric multiple unit (EMU) platform. These transformers will be installed on 21 trains that run between rural and urban areas in Austria’s Vorarlberg region.
The contract happens to be the first major Effilight transformer order ever since its launch by ABB in September last year. In particular, this order is part of a frame contract which requires ABB to deliver up to 600 traction units for 300 trains by the end of 2024. Designed to supply power at safe voltages, these traction transformers facilitates critical train functions like traction, brakes, lighting, heating and ventilation.
The Austrian railway network is the third busiest one in the world, after Japan and Switzerland. Going forward, the government has plans to fortify the network to support 500 million passengers a year and 150 million tons of freight by 2020. Touted to slash about 70% of current oil use without compromising functionality, Effilight transformers will cater to Austria’s energy efficiency needs. It can also reduce load by 25% compared to other substitutes in the market.
ABB’s shares have gained 10.9% over the past three months, surpassing the Zacks categorized Machinery-Electrical industry’s average gain of 8.8%. The company remains confident its three major markets—utilities, industry, and transport and infrastructure—will continue to witness impressive investments and boost long-term growth.
Considered one of the best managed industrial infrastructures, power and automation companies in the world, ABB stands to benefit from investments made on reduction of energy intensity across all end-markets. The Zacks Rank #3 (Hold) company remains positive that urbanization and economic development will fuel the need for efficient mobility. This, in turn, bodes well for the company, thanks to its Effilight technology which is well equipped to support sustainable mobility.
ABB has had a remarkable earnings surprise history and has achieved an average positive earnings surprise of 14.3% over the trailing four quarters, beating estimates all through. Please note that brokers are on the sidelines for the stock as its earnings estimates remained unchanged over the month. The Zacks Consensus Estimate for full-year 2017 remained unchanged at $1.21 over the same time frame.
EnerSys has a positive average surprise of 4.4% for the trailing four quarters, beating estimates throughout.
Barnes Group has a solid earnings surprise history for the trailing four quarters, having beaten estimates thrice, for an average beat of 4.4%.
Middleby beat earnings in each of the trailing four quarters, resulting in an average surprise of 14.1%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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ABB Wins Deal to Supply Roof-Mounted Traction Transformers
The premium robotics and power grid solutions provider, ABB Ltd , recently clinched a contract from Bombardier Transportation. This entitles ABB to supply 42 Effilight roof-mounted traction transformers for the latter’s TALENT 3 electric multiple unit (EMU) platform. These transformers will be installed on 21 trains that run between rural and urban areas in Austria’s Vorarlberg region.
The contract happens to be the first major Effilight transformer order ever since its launch by ABB in September last year. In particular, this order is part of a frame contract which requires ABB to deliver up to 600 traction units for 300 trains by the end of 2024. Designed to supply power at safe voltages, these traction transformers facilitates critical train functions like traction, brakes, lighting, heating and ventilation.
The Austrian railway network is the third busiest one in the world, after Japan and Switzerland. Going forward, the government has plans to fortify the network to support 500 million passengers a year and 150 million tons of freight by 2020. Touted to slash about 70% of current oil use without compromising functionality, Effilight transformers will cater to Austria’s energy efficiency needs. It can also reduce load by 25% compared to other substitutes in the market.
ABB’s shares have gained 10.9% over the past three months, surpassing the Zacks categorized Machinery-Electrical industry’s average gain of 8.8%. The company remains confident its three major markets—utilities, industry, and transport and infrastructure—will continue to witness impressive investments and boost long-term growth.
Considered one of the best managed industrial infrastructures, power and automation companies in the world, ABB stands to benefit from investments made on reduction of energy intensity across all end-markets. The Zacks Rank #3 (Hold) company remains positive that urbanization and economic development will fuel the need for efficient mobility. This, in turn, bodes well for the company, thanks to its Effilight technology which is well equipped to support sustainable mobility.
ABB has had a remarkable earnings surprise history and has achieved an average positive earnings surprise of 14.3% over the trailing four quarters, beating estimates all through. Please note that brokers are on the sidelines for the stock as its earnings estimates remained unchanged over the month. The Zacks Consensus Estimate for full-year 2017 remained unchanged at $1.21 over the same time frame.
Stocks to Consider
Better-ranked stocks in the broader sector include EnerSys (ENS - Free Report) , Barnes Group, Inc. (B - Free Report) and Middleby Corp. (MIDD - Free Report) . All three stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EnerSys has a positive average surprise of 4.4% for the trailing four quarters, beating estimates throughout.
Barnes Group has a solid earnings surprise history for the trailing four quarters, having beaten estimates thrice, for an average beat of 4.4%.
Middleby beat earnings in each of the trailing four quarters, resulting in an average surprise of 14.1%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>