ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks. The company's Robotics & Discrete Automation segments provides industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services. This segment also offers solutions based on its programmable logic controllers, industrial PCs, servo motion, transport systems, and machine vision. Its Industrial Automation segment develops and sells industry-specific, integrated automation, and electrification systems and solutions, as well as digital solutions, lifecycle services, and artificial intelligence applications for the process and hybrid industries. This segment also offers process and discrete control technologies, advanced process control software and manufacturing execution systems, sensing, measurement, analytical instrumentation, electric ship propulsion systems, and large turbochargers, as well as remote monitoring, preventive maintenance, asset performance management, and cybersecurity services. The company's Motion segment manufactures and sells drives, motors, generators, traction converters, and mechanical power transmission products. ABB Ltd has a strategic collaboration with IBM. ABB Ltd was founded in 1883 and is headquartered in Zurich, Switzerland.
IPO Year:
Exchange: NYSE
Website: global.abb/group/
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/30/2022 | Neutral → Underperform | Exane BNP Paribas | |
| 7/11/2022 | Buy → Neutral | Citigroup | |
| 7/6/2022 | Buy → Neutral | BofA Securities | |
| 6/30/2022 | Buy | Stifel | |
| 1/19/2022 | Sector Perform → Outperform | RBC Capital Mkts | |
| 12/7/2021 | Outperform | Bernstein | |
| 11/3/2021 | Underperform → Hold | Jefferies | |
| 7/6/2021 | Sell → Hold | Deutsche Bank | |
| 7/2/2021 | Hold → Buy | Kepler Cheuvreux |
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Exane BNP Paribas downgraded ABB Ltd from Neutral to Underperform
Citigroup downgraded ABB Ltd from Buy to Neutral
BofA Securities downgraded ABB Ltd from Buy to Neutral
Stifel initiated coverage of ABB Ltd with a rating of Buy
RBC Capital Mkts upgraded ABB Ltd from Sector Perform to Outperform
Bernstein initiated coverage of ABB Ltd with a rating of Outperform
Jefferies upgraded ABB Ltd from Underperform to Hold
Deutsche Bank upgraded ABB Ltd from Sell to Hold
Kepler Cheuvreux upgraded ABB from Hold to Buy
HSBC Securities upgraded ABB Ltd from Hold to Buy
BRENTWOOD, Tenn., Jan. 20, 2021 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced the appointment of Laurie Z. Tolson to the Board of Directors effective January 20, 2021. "We are pleased to welcome Laurie to our board," said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US. "Laurie's background in technology adds yet another aspect of diversity and perspective to our Board and complements the company's drive to utilize technology to enhance operations. To highlight our recent progress in technology implementation, I would encourage shareholders to view this short video link, also posted to the Delek website, Technology - Leading the Fut
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Cary, NC, April 04, 2023 (GLOBE NEWSWIRE) -- Investment reflects increased customer demand for electrification and automation productsWisconsin greenfield facility for drives and services demonstrates continued commitment to U.S. customers and workforceInflation Reduction Act supports company's continued investment in creating more secure supply chain and strengthening local manufacturing ABB is accelerating its growth strategy in the United States by investing approximately $170 million and creating highly skilled jobs in manufacturing, innovation and distribution operations. ABB is committed to growing in the U.S. by investing in its electrification and automation businesses that
Atlanta, GA, March 30, 2023 (GLOBE NEWSWIRE) -- Investment of $40 million will create new Albuquerque facility to support the US Utility sector in strengthening the electric gridOperations creates 55 new jobs in New Mexico Increases production of high-demand Elastimold® cable accessory solutions used to improve reliability and safety for American consumers and businesses ABB is reinforcing its commitment to the US market and Utility industry with the addition of a new manufacturing facility in Albuquerque, New Mexico, for its Installation Products Division, formerly Thomas & Betts. Planning and construction of the new 90,000-square-foot facility is underway and represents an in
Auburn Hills, MI, March 16, 2023 (GLOBE NEWSWIRE) -- Investment of $20 million will increase production at its existing Auburn Hills facility and strengthen ABB's US leadershipNewly expanded, highly automated facility will create new jobs in the state of MichiganExpansion featuring the latest in automated and advanced manufacturing processes to open November 2023 Today, ABB strengthened its commitment to one of its largest customer markets – the US – with construction starting on the expansion of its existing North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan. The project is expected to be completed in November 2023 and represents an investmen
Collaboration positions companies for global leadership in large-scale green hydrogen production systemsCombined technological offerings will include Hydrogen Optimized's RuggedCell™ high-power water electrolyzers and ABB's high-power rectifiersThe two companies consolidated their alliance with a new commercial agreement signed at a hydrogen trade show in Stephenville, Newfoundland, attended by Canadian Prime Minister Justin Trudeau and German Chancellor Olaf ScholzZURICH and OWEN SOUND, ON, Aug. 24, 2022 /CNW/ - ABB and Hydrogen Optimized Inc. (HOI), the Canadian technology innovator unlocking green hydrogen production at scale, have signed an agreement to expand the companies' existing str
BEDFORD, Mass., July 28, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced that ABB (NYSE:ABB), a leading global technology company, has joined Berkshire Grey's Technology Alliance Program to provide more customers with AI-enabled robotic solutions that improve e-commerce fulfillment throughput and warehouse efficiency while driving down operational costs. ABB's expertise in providing automation solutions to global e-commerce merchants, retailers, and third-party logistics complements Berkshire Grey's extensive portfolio of AI-enabled robotic automation solutions for eCommerce ful
ABB's Power Technology Subsea System, a reliable subsea energy supply, saves power and energy, decreases costs and schedule, and reduces pollution. SAN ANTONIO, June 29, 2022 /PRNewswire/ -- Frost & Sullivan recently assessed the global oil and gas automation industry, and, based on its research results, recognizes ABB with the 2022 Global Oil and Gas Automation Technology Innovation Leadership Award. The company excels in innovating subsea systems and electrification services and provides underwater control solutions for offshore and submerged industrial systems, especially in the natural gas and oil sectors, thus leading the subsea systems automation market. ABB covers the unmet market nee
Washington, DC, June 28, 2022 (GLOBE NEWSWIRE) -- 70% plan to reshore or nearshore to address supply chain issues, 43% will use automation and robotics to build supply chain resilience At SelectUSA Investment Summit in Washington, DC, Sami Atiya, President of ABB's Robotics & Discrete Automation Business called for public/private partnerships to upskill and prepare workers for the future of work In response to the COVID-19 pandemic, geopolitical disputes, raw materials shortages and trade issues that have rocked global economies and supply chains, a majority of U.S.-based companies are planning to relocate production closer to home. Surveying 1,610 executives in the U.S. an
Cary, NC, June 28, 2022 (GLOBE NEWSWIRE) -- ABB's new Ty-Rap® TyGenic™ cable ties are the industry's first two-piece cable tie that is both antimicrobial* and detectable Over 99 percent effective against a broad spectrum of microorganisms and detectable by x-ray, visual and metal detection systems Helps protect against costly contamination and waste in food and beverage and pharmaceutical processing, healthcare and hygiene-critical locations The cost of contamination can add up, averaging between $10-30 million in direct costs of a recall, plus lost sales, customer confidence and more. In facilities where bacteria reduction and detectability are critical, a standard cable
The ABB investment leads Cassia's Series C funding to support Bluetooth technology as the leading connectivity standard for Industrial IoT. The two companies also enter long-term partnership to further strengthen strategic cooperation. SAN JOSE, Calif., April 26, 2022 /PRNewswire/ -- Cassia Networks, Inc. a leading provider of enterprise Bluetooth IoT products and solutions, announced funding from ABB Technology Ventures, the corporate venture capital unit of ABB. The C round investment will be used to further strengthen the team at Cassia Networks, expand the company's global footprint, and accelerate the development of innovative new Bluetooth products and solutions. The two companies have
SYDNEY and ZURICH and ARMONK, N.Y., Feb. 22, 2022 /PRNewswire/ -- Worley (ASX: WOR), ABB (ABBN: SIX Swiss Ex) and IBM (NYSE:IBM) have signed a memorandum of understanding to collaborate on helping energy companies build and operate green hydrogen facilities more efficiently and at scale. The planned three-party collaboration aims to develop an integrated, digitally enabled solution for facility owners to build green hydrogen assets more quickly, cheaply, and safely, and operate them more efficiently. Green hydrogen is a form of clean energy made from water through electroly