$CARR

Dow drops triple digits as crude prices rise. PPI data shows 0.4% MoM and 5.4% YoY growth, not easing rate hike concerns. Existing home sales fall 2% to 3.98M units. Carrier Global Corp (CARR) falls 2%, while Ford Motor Co (F) rises 3.3%.

Trane Technologies (TT) outperformed Carrier Global (CARR) with 8.4% 52-week and 15.1% YTD gains. Analysts rate CARR 'Moderate Buy' with a $76.82 mean target, implying 28.7% upside.

Carrier Global (CARR) acquired 75F, a cloud-native, AI-enabled building automation solutions provider, to enhance its intelligent building capabilities. The deal aims to integrate digital tools and connected devices, supporting autonomous building functions. Q2 revenue grew 4% to $6.4B, with raised 2026 guidance of $23B sales and $2.90 EPS. Risks include integration challenges and customer adoption concerns. Institutional sentiment remains strong, with 58 hedge funds holding positions.

PG&E, Tesla, Sunrun, and Renew Home are launching a virtual power plant program in California, enrolling 21,000 flexible energy devices. The program aims to manage energy costs, earn rewards, and support grid stability. It is expected to start this fall and run through 2027, with initial findings shared by early 2027. Participants can receive discounts on Carrier's battery-enabled heat pump systems. Sunrun customers will benefit from a $200-per-battery incentive. The program can deploy 12MW duri

Pacific Gas & Electric (PCG) is collaborating with Google (GOOGL), Tesla (TSLA), Sunrun (RUN), and Carrier Global (CARR) to create a virtual power plant (VPP) connecting 21,000 home energy devices in California. The SHARE program aims to manage peak electricity demand. At announcement, PCG and GOOGL shares rose 0.5%, TSLA gained 1.9%, CARR fell 0.2%, and RUN was unchanged. PCG shares have dropped 20% since a wildfire bill was introduced, while TSLA and PCG are down 18% YTD, GOOGL up 6%, CARR up

Carrier Transicold, part of Carrier Global Corporation (NYSE: CARR), launched the all-electric Vector 8200 TRU for diesel-free on-site cold storage. It offers single- and multi-temperature capabilities, eliminating fuel consumption and direct emissions. The unit features advanced energy management, precise temperature control, and telematics integration. It is available through Carrier Transicold's North American dealer network.

CBC’s The Fifth Estate reports that Russian low enriched uranium was shipped to Canadian-owned Westinghouse Electric’s U.S. fuel-fabrication plant in South Carolina via Tenex, using U.S. Customs data. The U.S. banned Russian enriched uranium imports in Aug 2024 but allows DOE waivers until Jan 1, 2028. Bellona estimates 400 tonnes from Russia to the U.S. in 2025 worth about $1B.

Carrier Transicold, a unit of Carrier Global (NYSE: CARR), will donate two NaturaLINE container refrigeration units to Technische Universität Berlin to support commercial-scale research on transcritical CO2 refrigeration. TU Berlin will use the units for graduate training and to test prototype components and long-term performance across operating conditions.

The article says Q2 commercial HVAC results were supported by data center cooling demand and energy-efficiency tailwinds, with US-listed peers Carrier (CARR), Johnson Controls (JCI), and Trane (TT) citing high-single-digit to low-double-digit sales growth and higher fiscal 2026 guidance. It also covers residential HVAC weakness and guidance changes at Carrier, Trane, Lennox (LII), and Watsco (WSO).

Carrier Global Corporation (NYSE: CARR) said it has completed the sale of its NORESCO business to OPTERRA Energy Services, a subsidiary of LS Power. Jefferies acted as financial advisor and Akerman LLP as legal counsel. The company did not provide deal value or financial terms in the release.