Sensata Tech Stock Price, News & Analysis

Sensata Technologies (NYSE: ST) has announced its acquisition of Spear Power Systems, a leader in lithium-ion energy storage solutions, enhancing its electrification portfolio. Founded in 2013, Spear specializes in scalable battery systems for demanding applications, offering a cell-agnostic approach with high energy density and reliability. The acquisition is anticipated to create significant growth opportunities in clean energy markets. The transaction is subject to regulatory approval and is expected to close in Q4 2021.

Sensata Technologies (NYSE: ST) announces the launch of its combined business, Sensata | Xirgo, at three major tradeshows in September. The showcases will feature innovative IoT solutions aimed at enhancing operational efficiency in various sectors, including vehicle telematics and asset monitoring. Sensata | Xirgo will exhibit at Home Delivery World in Philadelphia from September 1-2, TMC21 in Cleveland from September 12-16, and The Utility Expo in Louisville from September 28-30. This initiative aims to strengthen customer relationships and drive value creation.

Sensata Technologies (NYSE: ST) reported record revenue of $992.7 million for Q2 2021, marking a 72.2% increase from $576.5 million in Q2 2020. Adjusted EPS rose to $0.95, a 427.8% increase from $0.18. Operating income was $164.8 million, up from an operating loss of $(1.9) million a year ago. For FY 2021, the company updated its revenue guidance to $3.770 - $3.840 billion. Q3 2021 is projected to generate revenue between $920 - $950 million, and adjusted EPS of $0.82 - $0.88. This growth comes amidst challenges in the automotive sector due to semiconductor shortages.

Sensata Technologies (NYSE: ST) will reveal its second quarter 2021 financial results on July 27, 2021, at 6:00 a.m. Eastern Time. Following this, a conference call at 8:00 a.m. will provide insights into the results and business trends. Investors can join the call via telephone or through a webcast available on the company's investor relations page. Sensata, a leading industrial technology company, specializes in sensor-based solutions for various industries, enhancing safety, efficiency, and connectivity in products.

Sensata Technologies (NYSE:ST) has introduced a new power disconnect solution, gaining traction among leading charging infrastructure OEMs for enabling faster and safer DC fast charging. This innovative solution combines contactors and GigaFuses from the Gigavac brand, streamlining installations while enhancing system protection. As electric vehicles transition to higher voltage levels (up to 1,000V and 350kW), the need for safer and more effective charging solutions has risen. Sensata's offerings reduce risk and improve performance, positioning the company as a key player in the electrification market.

Sensata Technologies (NYSE: ST) is set to host a Teach-In on June 2, 2021, at 10:00 a.m. Eastern Time to discuss its Data Insights Initiative, a collaboration with Xirgo Technologies. This initiative combines Sensata's Smart & Connected technology to enhance data-driven insights. Investors and analysts can join via webcast or dial in for real-time Q&A. More details are available on Sensata’s investor relations website.

Sensata Technologies (NYSE: ST) has secured a $15M contract with a major truck OEM for its Power Distribution Units (PDUs) aimed at DC fast charging of electric trucks. The contract spans five years and highlights Sensata's innovative technologies, including GigaFuse and Gigavac, crucial for electric vehicle safety. The PDUs support high-voltage electric powertrains and feature advanced cooling designs. The global Electric Commercial Vehicle market is projected to grow at a CAGR of 20% from 2020 to 2030, opening a serviceable market estimated at $1.3B for Sensata.

Sensata Technologies (NYSE: ST) reported a record revenue of $942.5 million for Q1 2021, an increase of 21.7% from $774.3 million in Q1 2020. Organic revenue growth was 18.8%. Operating income surged to $157.5 million (16.7% of revenue), up 168.7% year-over-year. Earnings per share reached $0.34, a significant increase of 580.0%. Sensata also generated $104.5 million in operating cash flow, above last year's $98.5 million. The company is adapting well despite supply chain challenges and continues to execute its growth strategy through acquisitions and joint ventures.

Sensata Technologies (NYSE: ST) will release its Q1 2021 financial results on April 27, 2021, at 6:00 a.m. Eastern Time. A conference call and webcast to discuss the results and business trends will follow at 8:00 a.m. ET on the same day. Investors can access the call via telephone at 1-844-784-1726 or 1-412-380-7411. A replay will be available until May 4, 2021. Sensata is a key player in the sensor and power management market, with operations in 13 countries, providing solutions that enhance safety and efficiency across various industries.