Home Depot Stock Price, News & Analysis

The Home Depot is collaborating with DSD Renewables to install 13 megawatts of solar power across 25 store locations in California. This initiative is part of the company's goal to utilize 100% renewable energy by 2030, expecting to generate over 17 million kWh of clean energy annually. The Home Depot already operates solar farms on over 80 stores and fuel cells in more than 200 stores. Future solar projects are also planned in states like New Jersey, Connecticut, and Arizona.

The Home Depot, the world's largest home improvement retailer, will host its Fourth Quarter & Fiscal 2022 Earnings Conference Call on February 21 at 9 a.m. ET. This call will provide insights into the company's financial performance for the fiscal year. Interested parties can access the live webcast through the official investor relations website, which will also archive the event for later viewing starting at noon on the same day. The company currently operates 2,319 stores across multiple regions including the U.S., Canada, and Mexico, employing approximately 500,000 associates. The Home Depot is listed on the NYSE under the ticker HD.

The Home Depot has partnered with Ecolab to launch the Ecolab Scientific Clean product line, marking a significant milestone in Ecolab's 100-year history. This new range of cleaning products, available in stores and online, aims to serve both professional and DIY customers. The product line includes degreasers, pressure wash concentrates, bathroom cleaners, and floor cleaners. Executives from both companies express excitement over the partnership, highlighting Ecolab's reputation for quality and innovation. The products are designed to tackle tough cleaning tasks, ensuring high standards for both home and industrial use.

The Home Depot Foundation, partnered with Community Solutions and others, has converted 60 transitional units into permanent housing for veterans in Detroit, aiming to combat veteran homelessness. The renovated facility, located at 211 Glendale, features upgraded apartments and common areas, meeting veterans' needs for sustainable housing. This initiative aligns with the city's goal to achieve a state of "functional zero" homelessness, having already reduced veteran homelessness by 50% from January 2018 to September 2022. The Foundation has invested over $400 million in veteran causes since 2011, improving over 50,000 veteran homes and facilities.

The Home Depot will increase its investment in Historically Black Colleges and Universities (HBCUs) to $4 million in 2023, focusing on community projects and career resources through its Retool Your School program. Half of this funding will enhance career opportunities for HBCU students with scholarships and externships, while the other $2 million will expand the Retool Your School Campus Improvement Grant. The program has already invested over $5.2 million in 184 HBCUs since its inception. Grants this year will support 30 campuses, with amounts ranging from $40,000 to $150,000.

The Home Depot celebrates the remarkable 36-year career of Joe Beland, an associate recognized for his artistic talent in signage. Starting in 1986 in Dallas, Texas, Joe has evolved from creating hand-painted signs to being an appliance associate in Santa Rosa, California. He played a significant role in the Sign Force team, collaborating on store signage and designs. Joe faced health challenges during the Covid-19 pandemic, losing 80% of his lung capacity but received robust support from the company. His message to others is to leverage their talents for career growth.

The Home Depot is actively supporting communities affected by recent tornadoes in the Southeast through a partnership with Habitat for Humanity, Team Rubicon, and the American Red Cross. Volunteers from Team Depot delivered nearly 1,000 disaster relief kits in Griffin, Georgia, and assisted in cleanup efforts. In Selma, Alabama, Team Rubicon and World Central Kitchen are aiding in debris removal and providing meals. In 2022, The Home Depot Foundation committed over $5.5 million to disaster response initiatives, demonstrating its ongoing commitment to disaster preparedness and recovery efforts.