ABB to Power Rome, Shares Up - Analyst Blog

By
A A A

Shares of ABB Ltd. ( ABB ) increased 1.5% on March 28, following the company's announcement of receiving a contract from a leading Italian multi-utility firm - ACEA (Azienda Comunale Elettricità e Acque) - for developing a smart electricity distribution system in parts of Rome.

Prior to this, ABB and ACEA had joined forces to conduct a series of experiments on portions of electrical grids in Rome to gain deeper insight into requirements of low and medium voltage products in the city. 

This contract requires ABB to provide medium voltage products including advanced UniSec switchgear for smart grid applications that would result in an improved and a consistent distribution network.


UniSec is designed to meet the increasing challenges in a modern electrical plant. Also, ABB's Relion protection relays that are incorporated in UniSec, control, measure and supervise the whole power system. The complex system integrates the current and voltage sensors for a smooth transmission from primary to secondary distribution substations.

This system is based on the G.O.O.S.E. (Generic Object Oriented Substation Event) control model that is compliant with the international IEC61850 standard to enable monitoring and control of the substations from a remote control center over a wireless network.

The smart grid distribution systems prove to be a boon for electricity consumers as these are adept in minimizing service interruptions, outages and the average cut-down periods significantly. Thus, it not only meets increasing requirements of large urban cities but also reduces negative impacts on the environment in an attempt to create a sustainable future.

ABB currently holds a Zacks Rank #4 (Sell). However, other stocks in the power sector that are worth considering at the moment are Quanta Services Inc. ( PWR ), Franklin Electric ( FELE ) and Enersys Inc. ( ENS ), all of which carry a Zacks Rank #2 (Buy).



ABB LTD-ADR (ABB): Free Stock Analysis Report

ENERSYS INC (ENS): Free Stock Analysis Report

FRANKLIN ELEC (FELE): Free Stock Analysis Report

QUANTA SERVICES (PWR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: ABB , ENS , FELE , PWR

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com