The
Dow Chemical Company
(
DOW
) announced that it has entered an agreement with Imagine Homes - a
San Antonio-based homebuilder - to provide its Powerhouse solar
shingle roof system to all new homebuyers in latter's six
residential communities in San Antonio.
DOW POWERHOUSE, the nation's first solar shingle roof product,
will help the homeowners of San Antonio to do away with a large
portion of home energy costs by switching to solar roofs. Imagine
Homes will be the first of such homebuilder in Texas to provide its
customers with DOW POWERHOUSE.
The POWERHOUSE solar shingle has some unique features. It
includes a custom designed array that complements the style of the
homeowners while fulfilling their energy saving goals. It comes
with a solar inverter that converts Direct Current (DC) into
Alternating Current (AC) to cater to homes' power needs. The system
also helps to monitor real-time energy production from an internet
connection.
Imagine Homes is a leader in green homebuilding technologies. It
has already beaten the U.S. Department of Energy's Builders
Challenge target to provide homes that are 30% more
energy-efficient than the standard code in the U.S. based on the
Home Energy Rating System (HERS) index. The company's collaboration
with Dow is in line with its mission to increase the number of
energy efficient houses in San Antonio.
POWERHOUSE solar shingle system is certified as both solar and
roofing product. It has received seven performance and safety
certifications, and is proven to withstand rain, hail and wind
uplift.
Dow is scheduled to release its second-quarter 2012 financial
results on July 26, 2012. In the first quarter of the year, the
company posted earnings of 61 cents a share (excluding specific
one-time items), surpassing the Zacks Consensus Estimate of 59
cents. However, it was below the year-ago adjusted earnings of 82
cents.
Revenues dropped marginally to $14,719 million, lagging the
Zacks Consensus Estimate of $15,342 million. The company
experienced a double-digit growth in revenues in its agricultural
and feedstock/energy businesses, which was offset by lower revenues
in performance materials and performance plastics segments during
the quarter.
Michigan-based Dow is a leading chemical company, whose products
are used across a broad spectrum of industries. The company faces
stiff competition from
EI DuPont de Nemours & Co.
(
DD
).
Currently, the stock maintains a Zacks #3 Rank, which translates
into a short-term (1 to 3 months) Hold rating and we have a
long-term (more than 6 months) Neutral recommendation on the
company's shares.
DU PONT (EI) DE (DD): Free Stock Analysis
Report
DOW CHEMICAL (DOW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment
Research