CARR Stock Recent News

Carrier Global (CARR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

On Monday, analysts at Baird upgraded the stock of Carrier Global Corp (NYSE: CARR) from a Neutral to an Outperform rating. The upgrade is based on Carrier's promising valuation and improving business outlook.

Carrier stock has climbed to a new high and is trading around a buy point. HVAC stocks have been hot with one of them now a 10-bagger.

PALM BEACH GARDENS, Fla. , July 9, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will release its second quarter 2024 earnings on Thursday, July 25, 2024 and host a conference call and webcast at 7:30 a.m.

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

As global temperatures rise, so too does the demand for cooling technologies. This demand creates a market for solutions that keep things cool, encompassing everything from residential air conditioners to sophisticated commercial refrigeration systems.

Creates Standalone Platform Spectrum Safety Solutions NEW YORK , July 2, 2024  /PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, announced today that it acquired the industrial fire business from Carrier Global Corporation (NYSE: CARR) at an enterprise value of $1.425 billion. Sentinel's purchase creates Spectrum Safety Solutions, a new standalone platform.

Net proceeds of approximately $1.1B expected to be used to pay down debt Global Commercial Refrigeration sale expected to close by the end of Q3 Sale process of Commercial and Residential Fire progressing as expected PALM BEACH GARDENS, Fla. , July 2, 2024 /PRNewswire/ --  Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its Industrial Fire business to Sentinel Capital Partners for an enterprise value of $1.425 billion.

There's a huge opportunity ahead for HVAC companies to help building owners meet net zero emissions standards and conform to regulatory requirements. This housing building materials company might be making a critical strategic acquisition at the bottom of the market.

Carrier Global has transformed into a pure-play leader in intelligent climate and energy solutions through acquisitions and divestments. The Viessman Climate Solutions acquisition boosts Carrier's European market share in the rapidly growing heat pump market, projecting 20% CAGR through 2030. Despite underperforming peers, Carrier's business transformation and industry tailwinds position it for potential catch-up trade and long-term growth.