Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Honeywell International Inc (HON - Analyst Report) recently announced an agreement with Puerto Rico Aqueduct and Sewer Authority (PRASA) to upgrade its wastewater treatment plants. The project is scheduled to be completed by early 2014.

Initially, the project will start with upgrades worth $16.3 million at PRASA’s treatment plants in Barceloneta and Caguas, Puerto Rico and are expected to improve efficiency and, trim down energy costs, saving almost $2.7 million annually.

The treatment plant upgrades are expected to modernize infrastructure and reduce energy consumption at the Barceloneta and the Caguas plant by nearly 50% and 30%, respectively. Serving over 97% of Puerto Rico's businesses, PRASA, the largest wastewater utility in North America, is also expected to reduce electricity consumption by 9.3 million kilowatt-hours annually and also curtail harmful emissions by approximately 6,100 metric tons each year. Honeywell is also assessing five other PRASA sites to cut energy consumption and costs, which could deliver more than $3 million in additional savings annually. The savings from the program will be utilized for the upgrades to modernize PRASA facilities without increasing its budgets.

With the prevailing competitive environment, energy conservation is a primary concern for all companies. The technology from Honeywell is well suited to improve the service quality and ensures greater flexibility at the plant and creates more employment opportunities for the local people in an eco-friendly way. Additionally, Honeywell will improve the efficiency of the sludge removal systems at the facilities with maximum amount of waste captured, which ultimately will lower the disposal costs.
    
Honeywell is a global diversified technology and manufacturing company with a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals and energy efficient products and solutions for homes, business and transportation..

The company faces intense competition from industry bigwigs like Crane Co. (CR - Snapshot Report) and Macquarie Infrastructure Company LLC (MIC - Snapshot Report).  Honeywell currently has a Zacks Rank #3 (Hold). One of its competitors, United Technologies Corp (UTX - Analyst Report) carries 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

Learn more

Start for as little as $4.50 per trade.

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
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E HOUSECHINA EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTERNATIONA ICAGY 33.30 +5.38%