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Emerson Electric Co. (EMR) - $25 value - yours FREE >>
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Emerson's Sensi Wi-Fi Thermostat Now Under EnergyHub
Emerson Electric Co. (EMR - Free Report) recently announced that its Sensi Wi-Fi Programmable Thermostat will now be qualified for “demand response programs” managed by “connected home” solution provider EnergyHub. This will help customers conserve significant energy by cutting down on electricity use during peak hours.
Emerson’s Sensi thermostat has garnered a solid reputation in the market as an affordable thermostat can be extensively deployed in most heating and cooling systems. Thermostat users seek easy and convenient ways to manage temperatures at home and overall energy usage. Emerson declared that these demand response programs will allow clients to save up to 10% on energy costs.
Thanks to the latest collaboration between Emerson with EnergyHub, customers will now be able to derive greater value from Sensi devices. This reflects Emerson’s consistent efforts to popularize its Sensi thermostats by undertaking strategic collaborations. Some of the prominent collaborations include integrations with Amazon Echo and Wink smart home platforms.
We believe Emerson’s Commercial & Residential Solutions segment is advantaging from the improving trends in the U.S. construction market, which bodes well for the segment. The favorable construction market looks well-positioned to gain momentum and aid modest growth and margin improvement for the company, going forward. Given that connected home solutions are growing increasingly popular in contemporary Commercial & Residential markets, we believe Emerson stands to benefit significantly from these collaborations.
Emerson currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include SPX FLOW, Inc. (FLOW - Free Report) , Eaton Corporation plc (ETN - Free Report) and EnerSys (ENS - Free Report) . While SPX FLOW and Eaton Corporation sport a Zacks Rank #1 (Strong Buy), EnerSys holds a Zacks Rank #2 (Buy).
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