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Ansys' (ANSS) Simulation Solution Leveraged by Globe
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Ansys’ (ANSS - Free Report) simulation software is being leveraged by Globe Fuel Cell Systems to optimize the development of individual hydrogen fuel cells and fuel cell systems for carbon-neutral objectives. Globe aims to automate and optimize the information within industrial spaces, such as distribution centers, warehouses and hospitals, to help clients achieve decarbonization.
Temperature regulation is a crucial function of hydrogen-based fuel cell systems. Airflow plays an essential role in successful regulation, which facilitates system cooling to manage any unexpected temperature fluctuations. This is where Ansys’s simulation software comes into play.
Globe will use Ansys simulation for computational fluid dynamics research to speed up cooling loop performance verification and lower the number of system iterations required to validate temperature requirements. Globe has used the abovementioned technique to reduce development costs by more than $150,000, per the company report.
The transportation industry plays a significant role in global decarbonization. However, Globe's research & development (R&D) team will rely on Ansys simulation and advice from CADFEM to accelerate the development of their solutions to meet customers’ objective of carbon neutrality.
Overall, simulation technology offers scaling opportunities that reduce development times and fuel cell stack costs. Also, the technology swiftly opens up a variety of options in markets that were previously out of reach for consumers.
ANSS develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia.
In January, the company announced that it had signed a multiyear agreement with Sub-Zero Group to expand Sub-Zero Group's use of Ansys' simulation solutions. It is likely to help Sub-Zero to transform its R&D processes to optimize designs, efficiency and product quality.
Prior to that, the company announced its simulation solutions are being leveraged by Murata Manufacturing for the development of sustainable wireless connectivity products. Murata plans to develop high-frequency devices that require low power consumption.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.9% in the past year against the sub-industry’s decline of 3.5%.
The Zacks Consensus Estimate for Arista Networks’ 2023 earnings has increased 11% in the past 60 days to $5.85 per share. The long-term earnings growth rate is anticipated to be 14.2%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. Shares of ANET have increased 22.6% in the past year.
The Zacks Consensus Estimate for Perion’s 2023 earnings has increased 16% in the past 60 days to $2.69 per share. The long-term earnings growth rate is anticipated to be 25%.
Perion’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 31.7%. Shares of PERI have increased 56.7% in the past year.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings has increased 101.5% in the past 60 days to $1.35 per share.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of the company have declined 38.2% in the past year.
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Ansys' (ANSS) Simulation Solution Leveraged by Globe
Ansys’ (ANSS - Free Report) simulation software is being leveraged by Globe Fuel Cell Systems to optimize the development of individual hydrogen fuel cells and fuel cell systems for carbon-neutral objectives. Globe aims to automate and optimize the information within industrial spaces, such as distribution centers, warehouses and hospitals, to help clients achieve decarbonization.
Temperature regulation is a crucial function of hydrogen-based fuel cell systems. Airflow plays an essential role in successful regulation, which facilitates system cooling to manage any unexpected temperature fluctuations. This is where Ansys’s simulation software comes into play.
Globe will use Ansys simulation for computational fluid dynamics research to speed up cooling loop performance verification and lower the number of system iterations required to validate temperature requirements. Globe has used the abovementioned technique to reduce development costs by more than $150,000, per the company report.
ANSYS, Inc. Price and Consensus
ANSYS, Inc. price-consensus-chart | ANSYS, Inc. Quote
The transportation industry plays a significant role in global decarbonization. However, Globe's research & development (R&D) team will rely on Ansys simulation and advice from CADFEM to accelerate the development of their solutions to meet customers’ objective of carbon neutrality.
Overall, simulation technology offers scaling opportunities that reduce development times and fuel cell stack costs. Also, the technology swiftly opens up a variety of options in markets that were previously out of reach for consumers.
ANSS develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia.
In January, the company announced that it had signed a multiyear agreement with Sub-Zero Group to expand Sub-Zero Group's use of Ansys' simulation solutions. It is likely to help Sub-Zero to transform its R&D processes to optimize designs, efficiency and product quality.
Prior to that, the company announced its simulation solutions are being leveraged by Murata Manufacturing for the development of sustainable wireless connectivity products. Murata plans to develop high-frequency devices that require low power consumption.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.9% in the past year against the sub-industry’s decline of 3.5%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Arista Networks (ANET - Free Report) , Perion Network (PERI - Free Report) and Pegasystems (PEGA - Free Report) , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks’ 2023 earnings has increased 11% in the past 60 days to $5.85 per share. The long-term earnings growth rate is anticipated to be 14.2%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. Shares of ANET have increased 22.6% in the past year.
The Zacks Consensus Estimate for Perion’s 2023 earnings has increased 16% in the past 60 days to $2.69 per share. The long-term earnings growth rate is anticipated to be 25%.
Perion’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 31.7%. Shares of PERI have increased 56.7% in the past year.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings has increased 101.5% in the past 60 days to $1.35 per share.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of the company have declined 38.2% in the past year.