Friday, September 17, 2010

Siemens; ABB lifted to conviction buy at Goldman: ABB, Siemens, Schneider to Gain From Demand for Smart Grids, Goldman Says (SI; ABB)

We are fans of both ABB and Siemens.*
From Bloomberg:
ABB Ltd., the world’s biggest electricity-networks builder, Siemens AG and Schneider Electric SA will be “key beneficiaries” of investments in so-called smart grids as they have the greatest operational and financial involvement in the field, Goldman Sachs said.

“The need to integrate renewable-energy generation and electric vehicles into the underlying grid and the future requirement to meet increasing power quality demands emphasize the ultimate importance of a smart grid,” Goldman Sachs analysts, including Daniela Costa in London, said in a research report.

The broker raised its recommendation on Munich-based Siemens, Europe’s largest engineering company, to “conviction buy” from “buy.” Goldman gave Zurich-based ABB a “conviction buy” recommendation and upgraded Schneider to “buy” from “neutral.” 

Investments totaling $750 billion may be required to upgrade existing power networks in the next 30 years, Goldman Sachs said in the report released yesterday. This could lead to a 33 percent increase in global annual investment on power transmission and distribution by 2019, the analysts said....MORE

July 27, 2010 
 "How is the Smart Grid Business Performing?" (ABB; COMV; ENOC)
July 21, 2010 
Infrastructure: "More Power! ABB Building Longer, More Powerful Transmission in Europe, China" (ABB; GRID)
June 22, 2010 
"ABB: Decades of Growth for Infrastructure Leader" (ABB; CHLD.L)
March 1, 2010 
Wise Bets on a Smarter Grid (ABB; COMV; CSCO; ENOC; ITRI; GRID)
February 9, 2010 
Transmission Builders and Suppliers (ABB; AMSC; BGC; PWR)
February 8, 2010 
Utility Infrastructure: Addressing the Aging Electric and Water Systems (ABB; BGC; PWR)
November 18, 2009 
Reviewing the New Smart Grid ETF (GRID)
November 11, 2009 
Transmission: "Feeding Frenzy: Why Giants Are Fighting for Areva’s Power Business" (ABB:GE; SI)

August 2, 2010 
Dear General Electric: "Siemens Beats on Higher Revenues" (SI)
July 1, 2010 
"Siemens Wants To Be Number One In Solar Thermal" (SI; GE)
June 29, 2010 
Siemens Sees Strong Profitability, Decides to Open a Bank (SI)
May 10, 2010 
Dear General Electric, Siemens: American Superconductor to Begin Licensing 10 MW Wind Turbine this Year (AMSC; GE; SI)
February 9, 2010 
"Siemens aims for 1/5 of world smart grids business" (SI)

And many more.