Ericsson (ERIC), Deutsche Switch to renewable energy sources

Ericsson Eric and Deutsche Telekom AG DTEGY has started using solar and wind power at an energy-intensive 5G mobile site in Germany amid soaring electricity costs. This initiative will enable a live radio site to efficiently harness solar and wind energy and optimize electricity supply and demand.

Energy costs which represent 5% of operating expenses have a high probability of increasing with the wider deployment of 5G. According to Ericsson, the 5 kilowatt wind turbine and solar modules have the potential to power the entire site in Ditteheim, about 200 km north of Munich in the state of Bavaria. The site currently contains 12 m² of solar modules.

One of the main objectives of this partnership between ERIC and Deutsche Telekom is to authenticate energy efficiency and associated cost reduction solutions based on prudent use of energy and controlled and increased use of renewable resources. The integration of these two renewable energy sources means that the site can theoretically be operated autonomously without depending on a cable connection to the electricity grid. The solution will continue to make an immense contribution to powering the site as long as it is supported by favorable weather conditions.

According to Harnessing, Ericsson’s 5G Consumer Potential report, the global 5G consumer market is expected to reach $31 trillion by 2030. 5G is poised to create huge opportunities for communications service providers in the consumer sector over the decade.

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ERIC has lost 40.6% in the past year compared to the industrydecrease of 10%.

He currently carries a Zacks Rank #3 (Hold). You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coupa Software Embedded COUP is a higher-ranked stock within the broader Zacks IT and Technology sector, carrying a Zacks rank of #2 (buy). Coupa Software forecasts long-term earnings growth of 22.32%.

Coupa Software’s smart and efficient expense control programs, which provide enhanced reporting and analytics, have been the main reason for its growing customer base.

SAP SE SAP, carrying a Zacks Rank #2, is a key choice for equity investors. SAP forecasts long-term earnings growth of 5.89%.

SAP, with its Rise with SAP solution, has been adopted by clients such as Accenture, Canon Production Printing, Exide Industries Limited, NEC Corporation, Qinqin Food, Rising Auto and TELUS.

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