Markets

Emerson Secures Deal for Qatargas Environmental Project

On Sep 21, 2015, premium industrial goods company Emerson Electric Co.'sEMR operating segment, Emerson Process Management, secured a major, multi-million dollar deal. As per the contract, the company will offer its engineering and automation services for the Qatargas Jetty Boil-off Gas (''JBOG") Recovery project. This deal reinforces Emerson's position as the world's leading gas and oil automation technology company.

The JBOG project would help lower the emission of greenhouse gases by 1.6 million tons per year. The facility is considered the biggest and one of the most popular environmental investments in the world. Worth $1 billion, the project marks a landmark scheme in the state of Qatar, and aims to promote industrial growth without hampering the environment. Emerson's skilled workforce will be responsible for management of the project's basic elements, namely, engineering, automation, startup, training, configuration and commissioning.

Emerson Electric is a diversified global manufacturing and technology company. It offers a wide range of products and services in areas like process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies and industrial automation. The company's Process Management division provides intelligent control systems & software, measurement instruments and valves in the market. We believe the new deal would not only boost green industrial growth in Qatar but also help augment Emerson Electric's brand value in the global forum.

Stocks to Consider

Troubled by certain issues in business, Emerson Electric currently carries a Zacks Rank #5 (Strong Sell). Reduction of customer expenditure in the oil & gas market and appreciation of the U.S. currency had adversely affected the company's earnings and revenues in second-quarter fiscal 2015. Moreover, the company anticipates these issues to persist and continue affecting its financials in the upcoming quarters.

Better-ranked stocks in the industry include ABB Ltd. ABB , Energous Corporation WATT and Ideal Power, Inc. IPWR . All three stocks hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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

EMERSON ELEC CO (EMR): Free Stock Analysis Report

IDEAL POWER INC (IPWR): Free Stock Analysis Report

ENERGOUS CORP (WATT): 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 Nasdaq, Inc.


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

In This Story

WATT IPWR ABB EMR

Other Topics

Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More