The increasing popularity of the craft beer industry has captured the attention of many home brewers. Evidently, this industry has drawn nearly 1.2 million home brewers producing nearly 2 million barrels of beer a year in the U.S., as revealed by sources. In fact, the country operated more than 4,100 craft breweries as of the end of last year, further highlighting the rage.
Consequently, Whirlpool Corp. (WHR - Free Report) realized the need to devise a product that can ease and expedite the brewing process, enhancing consumers’ beer-producing experience and quality.
To exploit this craze, this home appliances behemoth, holding a Zacks Rank #2 (Buy), announced the launch of Vessi – a Beer Fermentor and Dispenser system for home brewers, on Indiegogo (an international crowdfunding platform). Vessi has been designed by Whirlpool’s ‘W Labs’ division, which takes care of transforming innovative ideas into reality.
Vessi is a state-of-the-art fermentor, including a unique tank system which is closed and subjected to the appropriate temperature and pressure, to produce the perfect beer. Also, its single tank model curtails risks like oxidation, imperfect temperatures and contamination.
Further, as against other home brewing systems, Vessi’s fermentor keeps the beer’s carbonation intact all along the fermentation procedure, thus avoiding the multi-step carbonation course. Also, this system is capable of completing the entire process, up to dispensing, in nearly a week, compared to the other beer fermentation processes that take as long as a month at least.
Moreover, the launch of Vessi on the Indiegogo platform is likely to enable Whirlpool to directly connect with consumers globally and authorize the market for its product. Apart from Whirlpool, many other companies like Arrow Electronics Inc. (ARW - Free Report) and Harman International Industries Incorporated have worked with Indiegogo’s Enterprise Crowdfunding, to test the market for their new innovative products.
We believe that Whirlpool’s foray into home brewing will prove its credibility in undertaking successful innovations yet again.
Stock to Consider
Another well-ranked stock in the same industry is AB Electrolux (publ) (ELUXY - Free Report) , with a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The increasing popularity of the craft beer industry has captured the attention of many home brewers. Evidently, this industry has drawn nearly 1.2 million home brewers producing nearly 2 million barrels of beer a year in the U.S., as revealed by sources. In fact, the country operated more than 4,100 craft breweries as of the end of last year, further highlighting the rage.
Consequently, Whirlpool Corp. (WHR - Free Report) realized the need to devise a product that can ease and expedite the brewing process, enhancing consumers’ beer-producing experience and quality.
To exploit this craze, this home appliances behemoth, holding a Zacks Rank #2 (Buy), announced the launch of Vessi – a Beer Fermentor and Dispenser system for home brewers, on Indiegogo (an international crowdfunding platform). Vessi has been designed by Whirlpool’s ‘W Labs’ division, which takes care of transforming innovative ideas into reality.
Vessi is a state-of-the-art fermentor, including a unique tank system which is closed and subjected to the appropriate temperature and pressure, to produce the perfect beer. Also, its single tank model curtails risks like oxidation, imperfect temperatures and contamination.
Further, as against other home brewing systems, Vessi’s fermentor keeps the beer’s carbonation intact all along the fermentation procedure, thus avoiding the multi-step carbonation course. Also, this system is capable of completing the entire process, up to dispensing, in nearly a week, compared to the other beer fermentation processes that take as long as a month at least.
Moreover, the launch of Vessi on the Indiegogo platform is likely to enable Whirlpool to directly connect with consumers globally and authorize the market for its product. Apart from Whirlpool, many other companies like Arrow Electronics Inc. (ARW - Free Report) and Harman International Industries Incorporated have worked with Indiegogo’s Enterprise Crowdfunding, to test the market for their new innovative products.
We believe that Whirlpool’s foray into home brewing will prove its credibility in undertaking successful innovations yet again.
Stock to Consider
Another well-ranked stock in the same industry is AB Electrolux (publ) (ELUXY - Free Report) , with a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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