7 Best Stocks for the Next 30 Days

Get them in a free Special Report, and get more Zacks Insights in our free e-newsletter, Profit from the Pros. Every issue includes a fresh Zacks #1 Bull Stock of the Day.

Close This Panel X

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

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

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. Set yours up today.

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 Stocks on the Move 05/15/2013

Company Name Symbol %Change
A M R CP AAMRQ
9.33%
USANA HEALTH USNA
6.30%
HUTCHINSON T HTCH
5.58%
KRATOS DEFEN KTOS
5.46%
P L C SYSTEM PLCSF
5.42%

ABB's South African Project

by Zacks Equity Research

May 13, 2013 | Comments : 0 Recommended this article: (0)

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.

ABB Ltd ( ABB - Snapshot Report ) recently received an order to supply electrical and control systems for a new 75 megawatt (MW) photovoltaic (PV) power plant located at Kathu in the Northern Cape province of South Africa. The order is worth approximately $25 million and is booked in the first quarter.

The new 75 megawatt (MW) photovoltaic (PV) power plant is located in the Kalahari Desert close to the town of Kathu and to Sishen. These towns are one of the largest open-pit iron ore mines in the world.

The photovoltaic power plant project in Kathu is one of the first projects awarded under South Africa’s renewable energy program. This project intends to expand the country’s power components to reduce the carbon footprint. The project is expected to complete by 2014 and it is expected to have a capacity of 146 gigawatt of clean solar power. The plant is owned by WBHO, one of the leading construction companies in South Africa and Building Energy, an Italian renewable energy developer and operator.

In addition, ABB will also deliver an advanced tracking system with a back-tracking algorithm that optimizes tracker movement and removes shadow on the panels. The solution to be provided by ABB will also contain a data-collection system that collects operational input from the trackers, inverters, string boxes and substation to facilitate remote operation and maintenance, thereby optimizing the need for onsite manning.

Based in Zurich, Switzerland,ABB Ltd. is a power and automation technology company and currently has a Zacks Rank #3 (Hold). Some other players in the same industry, which can be considered at the moment are Chicago Bridge & Iron ( CBI - Analyst Report ) , Orion Marine Group Inc. ( ORN - Snapshot Report ) and Honeywell International ( HON - Analyst Report ) which have a Zacks Rank #2 (Buy).

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

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

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.