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ABB's Electrification Segment Gains Momentum: Will This Continue?
ZACKSยท 2025-07-31 16:11
Key Takeaways ABB Ltd (ABBNY) is witnessing persistent strength in the Electrification segment driven by solid customer activities in major markets, including service and utilities. Positive momentum in the data center business has been driving market orders across the US and Germany. In the second quarter of 2025, the segment's orders totaled $4.52 billion, up 9% year over year on a comparable basis. The order backlog reached a record level of $8.69 billion compared with $7.55 billion reported at the end o ...