Rheem and ecobee Launch New Smart Thermostat Lite
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy GNRC?
Source: PRnewswire
- Innovative Partnership: Rheem's collaboration with ecobee has resulted in the ecobee Smart Thermostat Lite, designed to work with Rheem's non-communicating heating and cooling systems, aiming to enhance home comfort and energy efficiency to meet modern demands.
- Significant Energy Savings: An internal analysis from April 2021 revealed that ecobee customers in North America saved up to 23% on their heating and cooling costs, which not only reduces household expenses but also promotes sustainability.
- Smart Home Integration: The new thermostat utilizes EcoNet technology to enable seamless connectivity between physical and digital products, allowing users to monitor and configure their systems in near real-time through the upcoming TotalView platform, enhancing user experience and installation convenience.
- Market Availability: The ecobee Smart Thermostat Lite is now available through authorized Rheem, Ruud, and Friedrich distributors across the U.S. and Canada, marking Rheem's further expansion into the smart home market.
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Analyst Views on GNRC
Wall Street analysts forecast GNRC stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 215.730
Low
184.00
Averages
207.67
High
240.00
Current: 215.730
Low
184.00
Averages
207.67
High
240.00
About GNRC
Generac Holdings Inc. is a global designer, manufacturer, and provider of energy technology solutions. The Company provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products serving the residential, light commercial, and industrial markets. The Company operates through two segments: Domestic and International. The Domestic segment includes the legacy Generac business and the acquisitions that are based in the United States and Canada. The International segment includes acquisitions not based in the United States and Canada. It designs and manufactures stationary, portable, and mobile power generators with single-engine outputs ranging between 800W and 3,250kW. Its residential automatic standby generators range in output from 7.5kW to 150kW, which predominantly operate on natural gas and liquid propane, and are permanently installed with an automatic transfer switch.
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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Rheem and ecobee Launch New Smart Thermostat Lite
- Innovative Partnership: Rheem's collaboration with ecobee has resulted in the ecobee Smart Thermostat Lite, designed to work with Rheem's non-communicating heating and cooling systems, aiming to enhance home comfort and energy efficiency to meet modern demands.
- Significant Energy Savings: An internal analysis from April 2021 revealed that ecobee customers in North America saved up to 23% on their heating and cooling costs, which not only reduces household expenses but also promotes sustainability.
- Smart Home Integration: The new thermostat utilizes EcoNet technology to enable seamless connectivity between physical and digital products, allowing users to monitor and configure their systems in near real-time through the upcoming TotalView platform, enhancing user experience and installation convenience.
- Market Availability: The ecobee Smart Thermostat Lite is now available through authorized Rheem, Ruud, and Friedrich distributors across the U.S. and Canada, marking Rheem's further expansion into the smart home market.
See More
Rheem and ecobee Launch New Smart Thermostat Lite with EcoNet Technology
- Product Features: The ecobee Smart Thermostat Lite integrates with EcoNet® technology, enabling homeowners to save up to 23% on heating and cooling costs, with potential annual savings of up to $250, significantly enhancing energy efficiency in homes.
- Ease of Installation: Designed for simple installation, the thermostat offers contractors straightforward configuration options, ensuring homeowners can maximize their heating and cooling systems, thereby improving user experience.
- Smart Home Integration: The product is compatible with Apple HomeKit, Google Assistant, and Amazon Alexa, allowing users to control temperature and track energy usage anytime and anywhere through an intuitive touchscreen and app, enhancing smart home management.
- Sustainability Commitment: Rheem's EcoNet infrastructure not only supports the connection of physical and digital products but also reduces environmental impact through features like eco+ and eco-friendly packaging, reflecting the company's commitment to sustainability.
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Stock Performance: Generac Holdings Inc. saw an 18% increase in stock price to approximately $214.84 following a fourth-quarter earnings report that missed analyst expectations on revenue and adjusted earnings.
Market Sentiment: Despite disappointing earnings, investors reacted positively, focusing on the company's future potential and guidance for significant growth in its Commercial & Industrial segment, projected to grow roughly 30% in 2026.
Strategic Developments: Generac is ramping up its manufacturing capacity and has advanced to pilot programs with major hyperscalers to provide backup power solutions, indicating a strategic shift towards supporting the AI revolution and energy transition.
Financial Outlook: The company expects total net sales to grow in the mid-teens for 2026, supported by rising margins, lower interest costs, and a favorable environment for earnings growth, despite a recent decline in residential product sales.
See More
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Company Overview: Generac Holdings is a company that specializes in energy solutions and backup power systems.
Stock Price Increase: The company has raised its target price from $215 to $270, indicating a positive outlook for its stock performance.
See More
Rheem and ecobee Launch New Smart Thermostat Lite
- Innovative Partnership: Rheem's collaboration with ecobee has resulted in the ecobee Smart Thermostat Lite, designed to work with Rheem's non-communicating heating and cooling systems, aiming to enhance home comfort and energy efficiency to meet modern demands.
- Significant Energy Savings: An internal analysis from April 2021 revealed that ecobee customers in North America saved up to 23% on their heating and cooling costs, which not only reduces household expenses but also promotes sustainability.
- Smart Home Integration: The new thermostat utilizes EcoNet technology to enable seamless connectivity between physical and digital products, allowing users to monitor and configure their systems in near real-time through the upcoming TotalView platform, enhancing user experience and installation convenience.
- Market Availability: The ecobee Smart Thermostat Lite is now available through authorized Rheem, Ruud, and Friedrich distributors across the U.S. and Canada, marking Rheem's further expansion into the smart home market.
See More
Rheem and ecobee Launch New Smart Thermostat Lite with EcoNet Technology
- Product Features: The ecobee Smart Thermostat Lite integrates with EcoNet® technology, enabling homeowners to save up to 23% on heating and cooling costs, with potential annual savings of up to $250, significantly enhancing energy efficiency in homes.
- Ease of Installation: Designed for simple installation, the thermostat offers contractors straightforward configuration options, ensuring homeowners can maximize their heating and cooling systems, thereby improving user experience.
- Smart Home Integration: The product is compatible with Apple HomeKit, Google Assistant, and Amazon Alexa, allowing users to control temperature and track energy usage anytime and anywhere through an intuitive touchscreen and app, enhancing smart home management.
- Sustainability Commitment: Rheem's EcoNet infrastructure not only supports the connection of physical and digital products but also reduces environmental impact through features like eco+ and eco-friendly packaging, reflecting the company's commitment to sustainability.
See More
Major Wall Street Rating Updates
- Apple Siri Upgrade Delay: Evercore ISI reiterates Apple as outperform, suggesting that reports of delays in Siri upgrades are overstated, with expectations for a multi-phase rollout of AI features this year, emphasizing the importance of privacy protection and seamless integration.
- Shopify Attractiveness Upgrade: TD Cowen upgrades Shopify from hold to buy, citing its strong quarterly performance and continued growth momentum as compelling reasons for investors to consider the stock, especially given its recent price decline.
- Fastly's Stellar Performance: William Blair upgrades Fastly from market perform to outperform following impressive earnings, driven by a significant increase in AI traffic contributions, indicating substantial growth potential in this emerging sector.
- MercadoLibre's Improved Competitive Landscape: JPMorgan upgrades MercadoLibre from neutral to overweight, noting a reduction in competitive pressures in the Latin American online marketplace, with expectations for sustained growth in the coming quarters.
See More
