The Latest Breaking News from ABB Ltd

The industrial sector is expected to witness increased demand thanks to the end-market revival and breakthrough of technological advancements. Given the industry’s solid growth prospects, fundamentally sound industrial stocks ABB Ltd (ABBNY), Tennant Company (TNC), and Thermon Group Holdings (THR) could be excellent investments this week. Read on….

From revolutionizing manufacturing processes to leading the charge in sustainable solutions, the impact of the industrial sector is felt globally. Therefore, it could be wise for investors to check out industrial stocks ABB Ltd (ABBNY), Tennant Company (TNC), and Thermon Group Holdings (THR), which seem to dominate the industry. Learn…

While high commodity prices and supply chain disruptions are troubling the industrial sector lately, strong demand for industrial goods and favorable government policies to boost domestic production should help it stay afloat. This, along with impressive dividend-payout histories, makes industrial stocks Raytheon Technologies (RTX), ABB (ABB), United Parcel Service (UPS),…

ABB Ltd (NYSE:ABB) reported first-quarter FY22 revenue growth of 1% year-over-year to $6.96 billion, on a comparable basis up 7%, missing the consensus of $7.09 billion. EPS improved to $0.31 from $0.25 in 1Q21, beating the consensus of $0.26. Orders increased by 21% Y/Y to $9.37 billion and grew 28% on a…

ABB Ltd (NYSE:ABB) partners with PACCAR Inc (NASDAQ:PCAR) to provide PACCAR dealers and customers with a range of advanced charging solutions (up to 350 kW) across fleet operations in North America and Europe. Financial terms not disclosed. The partnership will increase operating efficiency and sustainability for PACCAR's dealer network of 2,265 locations in more than…

ABB Ltd (NYSE: ABB) reported 

RBC Capital analyst Sebastian Kuenne upgraded ABB Ltd (NYSE:ABB) to Outperform from Sector Perform with a price target of CHF 41, up from CHF 30. The "leaner" company is in "far better position" to capture value in the electrification of transport and in the automation of industries, mentions the analyst. Kuenne adds that while Q4…