Johnson Controls International plc (JCI - Free Report) announced to mull over strategic alternatives for the Power Solutions unit that produces advanced battery technology solutions for vehicles. The Cork, the Ireland-based diversified technology company is weighing on alternatives for the Power Solutions business to emphasize more on its core products of building technology.
Notably, Johnson Controls functions through two segments – Building Technologies & Solutions and Power Solutions. Its high-margin Power Solutions unit is a leading player in meeting increasing electrification needs in vehicles. In 2017, Power Solutions generated revenues of $7.3 billion with 24% share in total revenues. However, the Power Solutions unit, which offers advanced battery technology along with systems engineering, marketing and service expertise, is capital intensive in nature and requires a huge amount of investment.
Over the next several months, Johnson Controls intends to explore strategic options for the Power Solutions unit. No time has been specified for this strategic move and the consummation of any deal is subject to the approval of the company’s board of directors.
However, the company outperformed the industry it belongs to in last six months. Its shares have lost 3% whereas the industry plunged 23%.
Johnson Controls currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few better-ranked stocks in the auto space are General Motors Company (GM - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . While both General Motors and Volkswagen sport a Zacks Rank #1, AB Volvo carries a Zacks Rank #2 (Buy).
General Motors has an expected long-term growth rate of 8.4%. Past year, shares of the company rose 2.3%.
Volkswagen has an expected long-term growth rate of 18.7%. The shares of the company gained 29.2% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Past year, shares of the company rallied 32.6%.
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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.
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Johnson Controls International plc (JCI - Free Report) announced to mull over strategic alternatives for the Power Solutions unit that produces advanced battery technology solutions for vehicles. The Cork, the Ireland-based diversified technology company is weighing on alternatives for the Power Solutions business to emphasize more on its core products of building technology.
Notably, Johnson Controls functions through two segments – Building Technologies & Solutions and Power Solutions. Its high-margin Power Solutions unit is a leading player in meeting increasing electrification needs in vehicles. In 2017, Power Solutions generated revenues of $7.3 billion with 24% share in total revenues. However, the Power Solutions unit, which offers advanced battery technology along with systems engineering, marketing and service expertise, is capital intensive in nature and requires a huge amount of investment.
Over the next several months, Johnson Controls intends to explore strategic options for the Power Solutions unit. No time has been specified for this strategic move and the consummation of any deal is subject to the approval of the company’s board of directors.
However, the company outperformed the industry it belongs to in last six months. Its shares have lost 3% whereas the industry plunged 23%.
Johnson Controls currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few better-ranked stocks in the auto space are General Motors Company (GM - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . While both General Motors and Volkswagen sport a Zacks Rank #1, AB Volvo carries a Zacks Rank #2 (Buy).
General Motors has an expected long-term growth rate of 8.4%. Past year, shares of the company rose 2.3%.
Volkswagen has an expected long-term growth rate of 18.7%. The shares of the company gained 29.2% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Past year, shares of the company rallied 32.6%.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
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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