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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Paccar, Inc.    PCAR

PACCAR, INC.

(PCAR)
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PACCAR : is collaborating with Faith Technologies and Schneider Electric to Accelerate U.S. and Canadian Electric Truck Market

10/01/2020 | 09:53am EST

PACCAR is collaborating with Faith Technologies and Schneider Electric to provide a charging infrastructure package solution for customers that purchase battery electric Kenworth and Peterbilt heavy and medium duty trucks in the United States and Canada.

By leveraging their respective strengths in microgrid technology and scalable, repeatable designs, both Faith Technologies and Schneider Electric will help PACCAR deliver power systems solutions that benefit their customers and the environment.

Schneider Electric, the leader in digital transformation of energy management and automation, builds a comprehensive suite of IoT-enabled solutions that would support overnight low-power AC chargers all the way up to microgrid enabled DC fast chargers capable of power sharing across multiple trucks.

"We are proud to partner with Kenworth and Peterbilt in facilitating their electric truck deployment and offer our infrastructure leadership and reliable approach to microgrids to support this initiative," said Annette Clayton, CEO & President, Schneider Electric North America. "By providing our power systems expertise and expanding Energy-as-a-Service capabilities, we can help PACCAR meet the evolving needs of fleets and truck operators, while further enhancing environmental stewardship."

"We are pleased to partner with Schneider Electric and Faith Technologies to bring this outstanding solution to our customers and dealers," said Kyle Quinn, PACCAR chief technology officer. "Customers will receive the industry-leading operating efficiency and environmental benefits of Peterbilt and Kenworth zero emissions truck models, combined with a comprehensive charging solution utilizing Schneider Electric and Faith Technologies' products and services."

Kenworth and Peterbilt customers will be able to order electric chargers from PACCAR Parts. PACCAR Financial will provide flexible financing options for infrastructure and charging systems. PacLease will bundle the cost of charging systems within full service lease offerings to customers. The partnership will help customers navigate the numerous financial incentives available from a variety of government agencies in the U.S. and Canada.

Faith Technologies will facilitate the integration between Kenworth and Peterbilt trucks, the charger hardware and the network software for seamless installation. They will perform site assessment, energy modeling and engineering to meet unique customer requirements and provide turnkey solutions for installation. Faith Technologies brings almost 50 years of experience with the electrical design and installation work across the nation and is able to maintain and repair equipment after sale.

"Faith Technologies welcomes this opportunity to collaborate with PACCAR. We especially look forward to working with Kenworth and Peterbilt and their customers to prepare the charging infrastructure for battery electric trucks," said Mike Jansen, Faith Technologies Chief Executive Officer and Chairman of the Board.

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management - Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

#SchneiderElectric #SchneiderNews #Schneider

Media Contact

Company Name: ABC Private Limited

Contact Person: Media Relations

Email: ajaysinghtanwar03@gmail.com

Phone: 8745857610

Country: India

Website: https://www.se.com/in/en/

Source: www.abnewswire.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

10/01/2020 | 09:53am EST
Stocks mentioned in the article
ChangeLast1st jan.
PACCAR, INC. 0.88% 89.56 Delayed Quote.12.24%
SCHNEIDER ELECTRIC SE -0.66% 119.75 Real-time Quote.31.75%
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Financials (USD)
Sales 2020 17 078 M - -
Net income 2020 1 289 M - -
Net cash 2020 4 673 M - -
P/E ratio 2020 24,0x
Yield 2020 2,46%
Capitalization 30 757 M 30 757 M -
EV / Sales 2020 1,53x
EV / Sales 2021 1,21x
Nbr of Employees 27 000
Free-Float 97,8%
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Technical analysis trends PACCAR, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 94,05 $
Last Close Price 88,78 $
Spread / Highest target 23,9%
Spread / Average Target 5,94%
Spread / Lowest Target -14,4%
EPS Revisions
Managers
NameTitle
Preston R. Feight Chief Executive Officer & Director
Harrie C. A. M. Schippers President & Chief Financial Officer
Mark Charles Pigott Executive Chairman
Thomas Kyle Quinn Chief Technology Officer & Senior Vice President
A. Lily Ley Chief Information Officer & Vice President
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