Carrier Global Corporation joins coalition for energy sustainability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Should l Buy CARR?
Carrier Global Corporation's stock fell by 3.88% and hit a 20-day low amid a broader market decline, with the Nasdaq-100 down 1.63% and the S&P 500 down 1.42%.
The company is a founding member of a coalition that includes major players like Google and Tesla, aimed at promoting sustainability and innovation in the energy sector. This initiative may enhance Carrier's reputation and market positioning in the long term, despite the current stock decline.
The implications of Carrier's involvement in this coalition could lead to future opportunities in energy efficiency projects, potentially benefiting the company as the market shifts towards sustainable practices.
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Analyst Views on CARR
Wall Street analysts forecast CARR stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 54.250
Low
55.00
Averages
69.08
High
90.00
Current: 54.250
Low
55.00
Averages
69.08
High
90.00
About CARR
Carrier Global Corporation is engaged in providing intelligent climate and energy solutions with a focus on providing digitally enabled lifecycle solutions to its customers. The Company’s segment include Climate Solutions Americas, which provides products, controls, services and solutions to meet the heating, ventilation and cooling (HVAC) needs of residential and commercial customers in North and South America; Climate Solutions Europe segment provides products, controls, services and solutions to meet the HVAC needs of residential and commercial customers in Europe; Climate Solutions Asia Pacific, Middle East & Africa segment provides products, controls, services and solutions to meet the HVAC needs of residential and commercial customers in Asia Pacific, the Middle East and Africa; and Climate Solutions Transportation segment includes global transport refrigeration and monitoring products, services and digital solutions for trucks, trailers, shipping containers, intermodal and rail.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Capitalization Comparison: Carrier Global Corp's market capitalization stands at $49.5 billion, compared to Public Storage's $46.97 billion, allowing investors to accurately assess relative value and avoid misleading judgments based on stock prices alone.
- Impact on Investor Decisions: Market capitalization not only affects a company's ranking among peers but also directly influences which mutual funds and ETFs are willing to hold the stock; for instance, funds focused on large-cap stocks may only consider companies valued over $10 billion, impacting capital inflows.
- Role of MidCap Index: The S&P MidCap index focuses on 400 smaller companies by excluding the largest 100, demonstrating how market capitalization can enable mid-sized firms to outperform larger rivals in favorable market conditions, highlighting its strategic importance in investment strategies.
- Stock Price Fluctuations: At Thursday's close, Carrier Global Corp's stock fell approximately 7.6%, while Public Storage's rose about 0.2%, reflecting differing market sentiments and expectations towards the two companies.
See More
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- Sharp Stock Declines: Shares of major HVAC manufacturers, including Johnson Controls (JCI) down 4.7% and Carrier Global (CARR) down 7%, experienced significant drops, with Lennox International (LII) leading the losses at 8.4%, indicating a severe blow to investor confidence in the sector's pricing power.
- Lawsuit Context: The proposed class-action lawsuit, Berg v. Robert Bosch, LLC, filed in the U.S. District Court for the Eastern District of Michigan, alleges that leading HVAC manufacturers coordinated price increases since January 2020, potentially inflating costs for customers in both residential and commercial markets, highlighting serious concerns about price manipulation in the industry.
- Coordination Allegations: The complaint claims that manufacturers justified repeated price hikes by citing supply chain disruptions and rising input costs, yet plaintiffs argue these justifications fail to account for the scale of the increases, suggesting that collusion may have occurred, which raises significant regulatory concerns.
- Industry Behavior Scrutiny: The lawsuit also points to trade organizations and industry publications as potential channels for information exchange among competitors, amplifying concerns about coordinated behavior, which indicates increasing scrutiny from regulators on the HVAC sector's practices.
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- Physical Goods Surge: This year has seen a significant increase in the production and sales of physical goods.
- AI-Disruptible Services Lag: Companies focused on AI-disruptible services and software are not keeping pace with those producing tangible products.
See More
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- Policy Background: On June 2, 2025, the UK government announced new regulations requiring all new homes in England to install heat pumps and solar panels, reflecting a commitment to clean energy in response to the economic fallout from the Iran conflict.
- Future Homes Standard: The Future Homes Standard, effective from 2028, will ensure that new homes are equipped with on-site renewable electricity generation capabilities, primarily from solar power, aimed at enhancing energy security and reducing reliance on fossil fuels.
- Market Reaction: The energy sector broadly welcomed this policy, with Octopus Energy's CEO Greg Jackson noting a 50% surge in interest in solar since the Middle East conflict began, emphasizing that each solar panel and heat pump reduces bills and boosts Britain's energy independence.
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- Technical Analysis Tool: Comparing the current stock price to the 200-day moving average provides valuable insights for investors, helping to assess price trends and potential buy or sell opportunities, thereby optimizing investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, enhancing liquidity and market responsiveness of ETFs.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF shares outstanding focuses on those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can impact the individual stocks held within the ETFs, influencing overall market performance.
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