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Verizon (VZ) Expands Electric Vehicle Capabilities in Europe
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Verizon Communications Inc. (VZ - Free Report) recently expanded its operations in Europe’s market with the launch of its Reveal EV (Electronic Vehicle) capabilities along with cutting-edge electronic tools to bolster vehicular experience for customers. The new edge EV Suitability Tool is likely to be cost-effective and a viable investment opportunity for the users.
Automatic analysis and recommendation of fleet transitions to EVs based on actual vehicle usage data is a prominent approach to supporting the sustainability goals of the company. By facilitating a smooth transition to EVs, Verizon is likely to address the growing concern for global carbon emissions. It also enhances smooth EV operations with updated reporting and alerting features, along with the integration of vehicle battery level and charging state data directly from EVs into its fleet management platform. This allows customers to detect the accurate charging status of their automobile.
The company has teamed up with NextEra Mobility to allow seamless integration of data from Verizon Connect Reveal into NextEra Mobility’s software. The electrification procedure is likely to assist customers in better understanding and deploying EV strategies, including total cost of ownership analysis and infrastructure planning. With the strategic collaboration, the company is likely to address the need for building an eco-friendly environment by reducing carbon footprint and encouraging sustainable development worldwide.
A study conducted on Electric Vehicle Suitability Tool data within Verizon Connect Reveal in recent times highlighted that 42% of customers’ combustion engine vehicles could be replaced by EVs, which equates to an estimated $2 million in fuel savings and 9000 tons of CO2 reduction in 2023.
Verizon is likely to solidify its ground in the wireless equipment landscape by expanding its presence into the automobile sector. The initiative is expected to give the company an edge over other players in the market. As the world is promoting the need to preserve natural resources, Verizon’s innovative move to replace fuel-driven vehicles with EVs is likely to enable it to capture emerging market opportunities in the years to come.
The stock has gained 5.7% over the past year compared with the industry’s rise of 1.8%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Verizon currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.
It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.
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Verizon (VZ) Expands Electric Vehicle Capabilities in Europe
Verizon Communications Inc. (VZ - Free Report) recently expanded its operations in Europe’s market with the launch of its Reveal EV (Electronic Vehicle) capabilities along with cutting-edge electronic tools to bolster vehicular experience for customers. The new edge EV Suitability Tool is likely to be cost-effective and a viable investment opportunity for the users.
Automatic analysis and recommendation of fleet transitions to EVs based on actual vehicle usage data is a prominent approach to supporting the sustainability goals of the company. By facilitating a smooth transition to EVs, Verizon is likely to address the growing concern for global carbon emissions. It also enhances smooth EV operations with updated reporting and alerting features, along with the integration of vehicle battery level and charging state data directly from EVs into its fleet management platform. This allows customers to detect the accurate charging status of their automobile.
The company has teamed up with NextEra Mobility to allow seamless integration of data from Verizon Connect Reveal into NextEra Mobility’s software. The electrification procedure is likely to assist customers in better understanding and deploying EV strategies, including total cost of ownership analysis and infrastructure planning. With the strategic collaboration, the company is likely to address the need for building an eco-friendly environment by reducing carbon footprint and encouraging sustainable development worldwide.
A study conducted on Electric Vehicle Suitability Tool data within Verizon Connect Reveal in recent times highlighted that 42% of customers’ combustion engine vehicles could be replaced by EVs, which equates to an estimated $2 million in fuel savings and 9000 tons of CO2 reduction in 2023.
Verizon is likely to solidify its ground in the wireless equipment landscape by expanding its presence into the automobile sector. The initiative is expected to give the company an edge over other players in the market. As the world is promoting the need to preserve natural resources, Verizon’s innovative move to replace fuel-driven vehicles with EVs is likely to enable it to capture emerging market opportunities in the years to come.
The stock has gained 5.7% over the past year compared with the industry’s rise of 1.8%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Verizon currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.
It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.