Trane downgraded to Hold from Buy at HSBC
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
Barclays exits Net-Zero Banking Alliance, follows HSBC
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. Dive Brief: Barclays is withdrawing from the United Nations-backed Net-Zero Banking Alliance, a sector coalition whose members have committed to aligning their financial activities with the aim of reaching net-zero emissions by 2050. The British bank announced its exit Friday and pointed to the financial sector's retreat from the climate group in its statement. 'With the departure of most of the global banks, the organization no longer has the membership to support our transition,' Barclays said. Barclays is the latest financial institution to quit NZBA, following in the footsteps of rival bank HSBC, which departed the group last month. The departures trail behind U.S.-based banks' exodus from NZBA and other climate-focused alliances, spurred in part by new federal leadership and ongoing scrutiny from the Republican party. Dive Insight: Barclays said it would remain committed to its sustainability goals, including a target to reach net-zero emissions by 2050. The bank reiterated that its commitment to allocating $1 trillion in sustainable and transition financing by 2030 remains 'unchanged.' 'We continue to work with our clients on their transition, finance the transition and scale climate tech, while helping to ensure energy security for our customers and clients,' Barclays said. The departure from NZBA comes just a few days after the bank shared it had generated 500 million pounds (over $663 million) in revenue in 2024 from sustainable and low-carbon transition related activities. Earlier in June, Barclays announced that its climate investment arm had enabled 508 million pounds (nearly $687 million) in investments focused on climate technology and innovation since 2020. However, a recent report from a coalition of climate organizations found that Barclays was the biggest financier of fossil fuels in Europe last year, boosting its funding for related operations by over 55% to $35.4 billion. The report backed by the Rainforest Alliance Network, Sierra Club and Reclaim Finance also counted Barclays as one of four banks — alongside JPMorgan Chase, Bank of America and Citigroup — that increased its fossil fuel financing by over $12 billion from 2023 to 2024. The U.K.-based responsible investment NGO ShareAction called Barclay's decision to depart NZBA 'incredibly disappointing,' in an emailed statement sent to ESG Dive. The organization's Co-Director of Corporate Engagement Jeanne Martin said the bank took a 'step in the wrong direction at a time when the dangers of climate change are rapidly mounting.' 'The announcement comes just three days after Barclays published a transition update reiterating its commitment to be a net zero bank by 2050, sending mixed signals to governments and companies around the world,' Martin added. Recommended Reading HSBC departs Net-Zero Banking Alliance, following US banks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
Buy Like Big Money: Inflows Lift Trane
TT designs, manufactures, sells, and services climate control products for customers around the world. In its second-quarter fiscal 2025 earnings report, the company had organic revenue growth of 7%, an 18% rise in adjusted per-share earnings, and it raised EPS guidance to approximately $13.05, which is a jump of 16% on a year-over-year basis. It's no wonder TT shares are up 19% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Big Money Rides Trane Institutional volumes reveal plenty. In the last year, TT has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in TT shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of industrials names are under accumulation right now. But there's a powerful fundamental story happening with Trane. Trane Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, TT has had strong sales and earnings growth: 3-year sales growth rate (+12%) 3-year EPS growth rate (+24%) Source: FactSet Also, EPS is estimated to ramp higher this year by +12.2%. Now it makes sense why the stock has been generating Big Money interest. TT has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Trane has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's generated 11 outlier inflow signals since 2023 and is up 125% in that time. The blue bars below show when TT was a top pick…Big Money loves it: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. Trane Price Prediction The TT action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in TT at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire More From FXEMPIRE: Bitcoin Outlook: Why the Price Surged and What's Next Spot Superstar Stocks Like Amphenol with Money Flows Buy Like Big Money: Inflows Lift Trane Buy Like Big Money: Inflows Make Core & Main Soar Jump On Potential Highflyers Like Sportradar Early See How Money Flows Drive Outliers Like Garmin Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
a day ago
- Business Insider
Aqua Metals trading halted, news pending
19:50 EDT Aqua Metals (AQMS) trading halted, news pending Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
