Regal Beloit (RBC) Adds VGreen Evo Motor to Century Product Line
Regal Beloit's (RBC) VGreen Evo variable speed motor delivers energy savings of roughly 80% compared to the standard single speed motors.
Regal Beloit Corporation RBC recently added the new VGreen Evo pool pump motor to its Century Motors product line.
The company’s shares gained 1.2% to eventually close the trading session at $152.88 on Friday.
Inside the Headlines
Regal's VGreen Evo pool pump motor, which features advanced variable speed technology, is obtainable in both C-face and square flange mounting configurations. The variable speed motor is a durable Totally Enclosed Fan Cooled replacement motor, designed to deliver energy savings of roughly 80% against standard single speed motors. The advanced motor can operate in multiple horsepower and voltage configurations, making it suitable for supporting wide ranging pool pump motor applications. It is capable of supporting pool pump applications up to 2.25 total horsepower and 230/115VAC.
Featuring a user-friendly interface, the motor supports programming flexibility that enables users to manage and monitor energy consumption, thus reducing the total operating cost of pool. As noted, the company’s new VGreen Evo motor will also help its original equipment manufacturer customers to adhere to the U.S. Department of Energy’s efficiency standards implemented in July 2021.
Image Source: Zacks Investment Research
In the past three months, the company’s shares have gained 7.5% compared with 8.7% growth recorded by the industry.
Zacks Rank and Estimates
The company, with $6.2-billion market capitalization, currently carries a Zacks Rank #2 (Buy). It remains focused on designing and developing new energy efficiency products and enhancements. For instance, the company has been working on boosting its industrial powertrain capabilities. Its electromechanical powertrains are utilized across several industries including metals, mining, pulp and paper, and other critical industrial applications. Also, Regal’s deal with Rexnord Corporation RXN to combine operations with the latter’s Process & Motion Control segment is likely to boost its power transmission product line.
In the past 30 days, earnings estimates for the company have been raised. The Zacks Consensus Estimate for its earnings is pegged at $8.85 for 2021 and $9.68 for 2022, up 8.2% and 7.8% from the respective 30-day-ago figures.
Other Stocks to Consider
A couple of other top-ranked stocks from the same space are AZZ Inc. AZZ and Eaton Corporation plc ETN. While AZZ currently sports a Zacks Rank #1 (Strong Buy), Eaton carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AZZ pulled off an earnings surprise of 21.24%, on average, in the trailing four quarters.
Eaton pulled off an earnings surprise of 10.87%, on average, in the trailing four quarters.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
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
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
Regal Beloit Corporation (RBC): Free Stock Analysis Report
AZZ Inc. (AZZ): Free Stock Analysis Report
Rexnord Corporation (RXN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research