|Bid||0.00 x 0|
|Ask||22.98 x 0|
|Day's Range||22.62 - 23.01|
|52 Week Range||14.11 - 24.69|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||38.59|
|Earnings Date||Jul 22, 2020|
|Forward Dividend & Yield||0.80 (3.48%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||24.05|
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
ABB's divestment of an 80.1% stake in the Power Grids business will help it concentrate on core operations. Also, net proceeds are likely to be used for rewarding shareholders through share buybacks.
ABB today reached a significant milestone in the company’s transformation towards a decentralized global technology company, with the completion of the divestment of 80.1 percent of its Power Grids business to Hitachi, as planned.
Each year, Frost & Sullivan presents the Global New Product Innovation award to the company that has developed the most innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kungsleden AB and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
ABB will be hosting an investor webcast at 14:00 CEST today, June 10, at which CEO, Björn Rosengren, will be giving his initial impressions on the Group’s strategy since he joined the company at the beginning of the year, as well as details on his immediate priorities. Highlights will include:
Since the coronavirus outbreak, robots have filled up several job vacancies caused by social distancing orders. Here are five robotics and related stocks investors should closely watch.
"The COVID-19 pandemic impacted our first quarter results, lowering revenues and operating margins in all our businesses, although order growth held up well. We are doing our utmost to ensure the health and safety of our employees while maintaining business continuity, serving our customers and continuing to invest in R&D for the long-term," said Björn Rosengren, CEO of ABB.
Teradyne’s earnings beat expectations and the stock is up. But sales in the company’s robotic automation division dipped.
American workers are locked into their homes, avoiding contact with anyone and everything touched by others. In the workplace, there is a solution that addresses both problems simultaneously: new colleagues immune to pandemics and ready to replace American workers. This has implications in particular for two industry groups that have come into focus recently: essential industries, including large parts of the manufacturing supply chain, and industries with direct customer contact, also called high-touch industries.
The company has recovered from its Covid-19 fall and operates in a high-growth IoT industry with a strong client base Continue reading...
ABB, which calls Cary its North American headquarters, announced that it will provide key technologies to ensure distribution of electricity over long-distance links for the State Grid Corporation of China (SGCC).
Moody's Investors Service, ("Moody's") today downgraded ABB Ltd's (ABB) long term issuer rating to A3 from A2 and the short term issuer rating to P-2 from P-1. This rating action follows an extended period of time in which ABB's operating performance and credit metrics did not meet the requirements for its previous A2 rating.
ABB is constantly monitoring the pandemic situation around COVID-19 (novel coronavirus). The health and safety of its employees, customers and partners remains the company’s number one priority and we are working hard to assess and mitigate any risks.
The shareholders of ABB have approved all the proposals by the company’s Board of Directors at its 2020 Annual General Meeting held in Dübendorf, Switzerland. The event took place under extraordinary conditions, and in line with the COVID-19 Ordinance 2 of the Swiss Federal Council shareholders were not allowed to attend in person. On March 9, 2020, ABB had already recommended shareholders to give voting instructions to the independent proxy in order to protect themselves and others. The independent proxy represented 80.05 percent of the share capital with a right to vote.
As ABB prepares to spin out its Power Grids business into a new joint venture with Hitachi, the unit’s top local leader has left the Swiss company.
ABB confirms that it will hold its Annual General Meeting (AGM) on March 26, 2020, as planned. In accordance with the requirements as defined in the Ordinance of the Federal Council of Switzerland, dated March 16, 2020, regarding measures against combatting the coronavirus, shareholders will not be allowed to attend the event in person.
ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. ("Chargedot"). The transaction was announced on October 28, 2019.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
In-Charge Energy, an energy solutions company accelerating electrification of the transportation industry by providing scalable, turnkey commercial Electric Vehicle (EV) infrastructure solutions, today announced Series A funding led by Macquarie Capital and ABB Technology Ventures. Greg Callman, Senior Managing Director and Global Head, Energy Technology at Macquarie Capital, will join In-Charge Energy's Board of Directors. The additional capital will enable the company to meet the growing demands of new customers and partners in automobile fleet electrification.
Moody's Japan K.K. has affirmed Mitsubishi Electric Corporation's (Melco) A1 issuer rating and Prime-1 commercial paper rating. At the same time, Moody's has changed Melco's outlook to negative from stable. The outlook change to negative reflects Melco's overall margin being under pressure from a fall in profit in its key Industrial Automation Systems segment.