Acuity Brands IncAYI
▲ PositiveCapitalrelevance
Q3 earnings beat with EPS up 4%, strong cash flow, and $230M in share buybacks.
Impact on assets 1
Smart City / Autonomous Infrastructure
Acuity Brands IncTheme Impact 1
Off-coverage companies
Related news
Thailand
United States▲
MASTEC sets up subsidiary to bid for community solar PPAs, targets 2026 revenue of 1.338 billion baht
MASTEC Link Public Company Limited, or MASTEC, disclosed that it has established a new subsidiary to strengthen its capacity to bid for projects and form joint ventures with both public and private partners. Chief Executive Officer Dusadee Meechai said third-quarter 2026 results and the remainder of the year will grow significantly better than the first half, in line with the business's high season. The company currently has work in hand of approximately 400 to 500 million baht and targets a year-end 2026 backlog of 500 to 600 million baht under its JUMP+ plan, which aims for 2026 revenue of 1.338 billion baht and profit of 100 million baht. The company is preparing to join bids for power purchase agreements, or PPAs, in community solar projects with a combined capacity of no more than 1,500 megawatts, alongside partners in roughly four to five projects, and has already registered as an installer of public solar systems with the electricity authority. The program expands eligibility to cover 1.5 million households, with installation subsidies of 50,000 baht per rooftop. The company is also pressing ahead with expanding its data center business and building a global strategic partnership with Honeywell of the United States to develop Integrated Building and Infrastructure Solutions covering customers in office buildings, industrial plants, hospitals, hotels, data centers, and large real estate projects.
About megatrends
Energy Transition & Power Demand › Solar ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Smart City / Autonomous Infrastructure › Smart Buildings & Connected Lighting ▲Demand
MASTEC.BK · Demand · Positive MasTec sets up a subsidiary to bid for community solar PPAs and targets 2026 revenue of 1.338 billion baht.
HON · Demand · Positive MasTec Link is building a global strategic partnership with Honeywell to develop Integrated Building and Infrastructure Solutions.
Thailand▲
ITTHI unveils 3-year JUMP+ plan, targets net profit of 200 million baht by 2028
Ittirit Nice Corporation Public Company Limited, or ITTHI, has unveiled its three-year JUMP+ Plan to boost corporate value over 2026–2028, targeting net profit of 200 million baht by 2028, more than a sevenfold increase from net profit of 28.18 million baht in 2025. The company aims for revenue growth of 40% in 2026, rising to 45% in 2027 and 50% in 2028, while EBIT margin is targeted to rise from 5.36% in 2025 to 20%, 22%, and 24% respectively. Its core strategy focuses on capturing government project work and building partnerships with real estate developer groups, while expanding into specialised project work for hospitals, educational institutions, hotels, and the industrial sector. For 2026, the company aims to generate revenue from innovative lighting products, solar power systems, smart home technology, smart streetlights, and electric vehicle charging infrastructure, before developing a central platform under the name Smart Lighting Mall in 2028 to bring together a complete product portfolio. It also targets raising the share of electric vehicles in its corporate transport fleet to 50% in 2026 and 100% in 2027.
About megatrends
Smart City / Autonomous Infrastructure › Smart Buildings & Connected Lighting ▲Demand
Electrification & Mobility › Charging Infrastructure & Networks ▲Demand
ITTHI.BK · Capital · Positive ITTHI unveils 3-year JUMP+ plan targeting net profit of 200 million baht by 2028, over sevenfold the 28.18 million baht in 2025, with rising revenue growth and EBIT margin targets.
United States▲
Trane Named Climate Innovation Partner of Kroenke Sports & Entertainment
Trane, a brand of Trane Technologies, announced a new multi-year agreement with Kroenke Sports & Entertainment under which Trane will serve as a Climate Innovation partner and KSE's official HVAC and thermal management partner. The deal marks KSE's first cross-property agreement with a technology provider, building on prior work together at venues including SoFi Stadium, YouTube Theater, Hollywood Park in Los Angeles and Ball Arena in Denver. Under the partnership, Trane's energy-efficient climate systems will help KSE modernize infrastructure through ultra-low-emission heating and cooling paired with intelligent digital services aimed at reducing energy use and emissions in real time. Holly Paeper, President of Commercial HVAC Americas at Trane Technologies, said the agreement reflects joint innovation on building performance and sustainability in complex environments, while Mike Neary, Executive Vice President of Business Operations and Real Estate at KSE, called it a first-of-its-kind cross-property agreement. The partnership supports Trane Technologies' Gigaton Challenge to reduce one billion metric tons of customer carbon emissions by 2030; in 2025 the company reported a 59% reduction in operational greenhouse gas emissions since 2019 and 44% recycled content across its primary product materials.
About megatrends
Climate Adaptation & Water › Cooling & Heat Resilience ▲Demand
Smart City / Autonomous Infrastructure › Smart Buildings & Connected Lighting ▲Demand
Climate Adaptation & Water › Resilient Buildings & Retrofit ▲Demand
TT · Demand · Positive Trane signed a new multi-year agreement to be Kroenke Sports & Entertainment's official HVAC and thermal management partner, a concrete customer deal for its climate systems.
Global▲
Siemens ranks energy efficiency first as a global corporate infrastructure goal
Siemens has released the Siemens Infrastructure Transition Monitor 2025, an in-depth edition focused on buildings, titled Inside Smarter Buildings, which surveyed the views of 1,400 executives from leading organizations across a wide range of industries worldwide. The findings show that energy efficiency in buildings has jumped from seventh place in 2023 to first place in 2025, amid persistent cost concerns that remain a major obstacle. The report states that more than half of organizations plan to increase investment in energy efficiency, 57%, smart building technology, 55%, and the shift to electrification, 54%. Meanwhile, as many as 60% of executives in the commercial real estate sector consider decarbonization too costly, higher than the overall average across all sectors of 49%, and only 33% of executives in the real estate sector say their organizations have sufficient access to funding for decarbonization, below the overall average of 47%. On retrofitting existing buildings, the current global rate remains below 1% per year, far from the more than 2% per year that the International Energy Agency's Net Zero by 2050 plan says is necessary. The Energy-as-a-Service model is becoming a solution that helps convert large capital budgets, or CapEx, into usage-based expenses, or OpEx. Digitalization also remains a key mechanism, with more than half of respondents believing digital tools have high potential to reduce costs, 56%, and cut greenhouse gas emissions, 53%, while 54% say their organizations are ready to adopt automation systems in buildings.
About megatrends
Smart City / Autonomous Infrastructure › Smart Buildings & Connected Lighting ▲Technology
Climate Adaptation & Water › Resilient Buildings & Retrofit Technology
SIE.XETRA · Demand · Positive Siemens' own survey shows energy efficiency now the top building priority, with over half of organizations planning higher investment in energy efficiency, smart building tech, and electrification — demand tailwinds for Siemens' building/infrastructure offerings.
ThailandLTS eyes 60 million baht backlog, full recognition this year
Light Up Total Solution Public Company Limited, or LTS, expects to fully recognise 100% of its backlog, worth approximately 60 million baht, within this year, according to Chief Executive Officer Phat Trasophosit. Third-quarter 2026 results remained steady from the second quarter, when the company posted a profit of 7.5 million baht and revenue of 132 million baht, because the third quarter was mainly a preparation period. The company is preparing to bid on three to four new projects with a combined value in the hundreds of millions of baht, with contracts expected to be signed in the fourth quarter of 2026 and some revenue, roughly 40 million baht, potentially recognised then. The remainder will begin to be recognised in the first or second quarter of 2027. The company puts its chances of winning the work at about 70%, citing its expertise and ready qualifications, and therefore expects 2027 results to grow by leaps and bounds, driven by government funding to accelerate the switch to energy-saving LED lighting in public areas. The company is also looking at one or two opportunities related to data centres, both in the form of equipment leasing and system testing work, though there is no clear timeline yet because it must wait for contracts with clients and several items of equipment are in short supply. At the same time, it plans to expand into AI Cloud rental services through the establishment of a joint venture, Noventrix Company Limited, in which the company will hold about 40%. The establishment has been pushed back to the fourth quarter of 2026 from an earlier target of completion within September, due to product supply shortages.
About megatrends
Smart City / Autonomous Infrastructure › Smart Buildings & Connected Lighting Demand
LTS.BK · Capital · Positive Plans to establish a JV (Noventrix, ~40% stake) for AI Cloud rental services, though pushed to Q4 2026 on supply shortages.
LTS.BK · Demand · Positive Expects to fully recognise its ~60 million baht backlog this year and is bidding on 3-4 new projects worth hundreds of millions of baht, with ~70% win odds.
United StatesTrane Technologies Eyes Another Earnings Beat With Positive ESP
Trane Technologies is positioned to potentially extend its earnings-beat streak when it reports next, with a positive Zacks Earnings ESP of +0.43% and a Zacks Rank #3 (Hold). The manufacturer has beaten estimates in each of its last two reports, with an average surprise of 2.44%. In the most recent quarter, Trane Technologies posted earnings of $4.31 per share against the Zacks Consensus Estimate of $4.27 per share, a surprise of 0.94%. The prior quarter delivered a surprise of 3.95%, as earnings came in at $2.63 per share versus an expected $2.53 per share. Zacks research shows that stocks combining a positive Earnings ESP with a Zacks Rank #3 or better produce a positive surprise nearly 70% of the time.
About megatrends
Climate Adaptation & Water › Cooling & Heat Resilience Capital
Smart City / Autonomous Infrastructure › Smart Buildings & Connected Lighting Capital
TT · Capital · Positive Positive Zacks Earnings ESP of +0.43% and a history of beating estimates signal a likely earnings beat for Trane Technologies.