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ABB Ltd (ABB)

NYSE - NYSE Delayed Price. Currency in USD
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35.64-0.97 (-2.65%)
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  • m
    metoo
    Lightning eMotors $ZEV and $ABB has signed a partnership to offer DC fast electric vehicle chargers for commercial electric fleet vehicles.
    ABB’s high-output 20 kW to 350 kW DC fast chargers will be available via Lightning Energy, a division of Colorado’s Lightning eMotors.
    Since entering the e-mobility market in 2010, ABB has sold more than 400,000 electric vehicle chargers across more than 85 markets including more than 20,000 DC fast chargers and 380,000 AC chargers.
    Bullish
  • J
    Jesse
    anyone have an explanation for the dip today/lately?
  • m
    metoo
    ABB signs memorandum with connector specialist Stäubli to develop solutions for the transition to all-electric mines!

    ABB has signed a Memorandum of Understanding (MoU) with Stäubli Electrical Connectors to collaborate in bringing solutions to market to reduce the greenhouse gas (GHG) emissions associated with heavy machinery in mining. Stäubli, a leading manufacturer of connector solutions, and global technology company ABB, will explore the development of electrification solutions that will meet the demands of industrial applications. These include high power requirements, automated and safe operations, adaptation to harsh environmental conditions and meeting approved standards. The focus will be on mine infrastructure solutions for battery electric vehicles (BEVs).
    “As a global provider of reliable connectors with a strong commitment to drive innovation, we have many key applications across various industries,” said Winnijar Kauz, Stäubli Electrical Connectors’ Global Head of E-Mobility. “Every industry demands unique technological solutions, with mining now developing for a more sustainable future in the long-term. Today’s mining environments need industrial leaders to collaborate and support the transition to all-electric operations. We look forward to teaming up with ABB to explore and develop technology solutions that will lead the way for emission free mining operations.”
    Bullish
  • m
    metoo
    $ABB's e-mobility business employs 850 staff and posted revenues of $220 million in 2020. It has recorded an average growth rate of 50% over the past five years, although that pace is expected to moderate in coming years.

    Analysts at Goldman Sachs estimated in May that the unit's sales would grow to $495 million next year.

    Investors are placing high valuations on companies that make equipment to charge electric vehicles, and U.S. peers like ChargePoint (CHPT.N) and Blink Charging (BLNK.O) trade at more than 30 times their expected 2023 sales.
    Bullish
  • t
    terracin
    Thank God TPTB have left ABB alone. It's not exactly a household name being a Swiss company, and that surely helps too. I've known about this company for decades, and have probably been invested in it one time or another for it's nuclear energy side of the business. But now I'm in again for it's electrification/grid business thinking with the transition to solar, and renewables, it'll be a key player. Good luck out there, as we're in one of the sketchiest times of the year market wise along with TPTB messing with everything....
  • m
    metoo
    $ABB could be a winner here!
    1T infrastructure bill

    $7.5B to build new EV charging stations, and $7.5B for greener school buses.
    Bullish
  • m
    metoo
    $ABB Next stop 100B MCAP
    Bullish
  • V
    Vito
    Added to my position today, I could see 50 by year end.
  • m
    metoo
    $ABB has bought Spanish robot maker ASTI Mobile Robotics Group in the Swiss engineering company's latest move to diversify its robotics business beyond its traditional automotive base.
    ABB's robotics business has been targeting other industrial sectors amid a downturn in the auto sector, its biggest customer.
    It announced on Tuesday the acquisition of ASTI, which makes autonomous mobile robots (AMRs), which can freely move around factory floors at up to 2 metres per second without following pre-installed tracks.
    It gave no financial terms.
    ASTI's robots can tow and move boxes, and deliver components with payloads up to 2,000 kg.
    "AMRs are the ultimate, flexible robots," said Sami Atiya, president of ABB's Robotics & Discrete Automation business. "They are enabling the factory of the future."
    "With the rise of e-commerce and 24-hour delivery from logistics centres there are many businesses which simply would not be able to operate without these machines," ASTI CEO Veronica Pascual Boe told Reuters.
    Customers include Nestle , L'Oreal and Procter & Gamble .
    The global AMR market is growing at around 20% per year, according to ABB, and is expected to reach $14 billion by 2025.
    "Our goal is to exceed the market growth," Atiya said, adding further ABB acquisitions in robotics were possible.
    ABB, which competes with Japan's FANUC and Germany's Kuka in the robots market, said it used ASTI's robots at its own factories before it decided to buy the privately held company.
    ASTI employs 300 and has seen sales grow 30% per year since 2015. The company targets sales of around $50 million this year.
    Bullish
  • m
    metoo
    What would be the immediate/long term benefits for $ABB when the infrastructure bill gets passed?
    Bullish
  • m
    metoo
    Goldman’s new PT CHF 45. That’s $49👍
    Bullish
  • m
    metoo
    $ABB CHF breaking out to new highs…
  • N
    Nick
    Have 3k to invest in stocks between 25-40$ and this made my top 10. Seems like a great play should I have any concerns? I’m long term 10+ yrs investor only
  • m
    metoo
    $ABB to acquire ASTI Mobile Robotics Group to drive next generation of flexible automation with Autonomous Mobile Robots.

    Founded in 1982, ASTI is headquartered in Burgos, Spain and employs over 300 people in Spain, France and Germany. It is majority owned by Veronica Pascual Boé, who is also CEO. Other shareholders include European Growth Buyout investor Keensight Capital. Today it supports one of Europe’s largest installed fleets of AMRs and has a broad customer base in automotive, logistics, food & beverage and pharmaceuticals in 20 countries. Since 2015, the company has enjoyed close to 30 percent growth on an annual basis and is targeting approximately $50 million in revenue in 2021.
    Bullish
  • M
    Michael
    Selling the Dodge business and focusing on highly profitable and less competititve robotics and technologies for the future is such a good move
    Bullish
  • m
    metoo
    $GE + $ABB
    Bullish
  • B
    Brent
    Solid news. New orders ballooning. Looks like $40 soon to me. Buy.
  • m
    metoo
    $ABB Next stop 40!
    Bullish
  • J
    Jesse
    Finally broke the 36 barrier, love this stock
    Bullish
  • T
    Tyler
    Hit new 52 Week high today
    Bullish