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KENNESAW, Ga. - Carrier Global Corporation (NYSE:CARR), a prominent $50.2 billion market cap player in the Building Products industry, has introduced an upgrade to its Abound Insights platform with new AI-powered capabilities designed to help building operators manage operations more efficiently, according to a press release issued Thursday. According to InvestingPro data, Carrier maintains strong profitability with $22.46 billion in revenue over the last twelve months.
The enhanced platform includes an Abound Insights Assistant app featuring interactive maps with AI-enhanced markers that display connected sites with weather and air quality overlays. The app also provides actionable operations and maintenance recommendations, along with an updated site list view offering advanced filters and export capabilities.
"With these enhancements, we’re giving building operators the power to see and manage their entire portfolio like never before," said Yasir Qureshi, General Manager, Carrier Abound.
The company reports that over the past 12 months, the Abound platform has helped customers save more than 650 million kWh of energy and avoid over 40,000 technician dispatches, preventing an estimated 437,900 metric tons of CO₂ equivalent emissions.
Carrier Global Corporation describes itself as a provider of intelligent climate and energy solutions. The company states that since inventing modern air conditioning in 1902, it has continued to develop technologies for temperature control, air quality and transportation.
The platform upgrade aims to help customers improve energy efficiency, occupant comfort, and reduce operational costs through smarter decisions and proactive remote support, based on the company’s press release statement.
In other recent news, Carrier Global has faced a series of analyst actions following a negative outlook in its residential HVAC segment. Goldman Sachs maintained its Buy rating on the company, although it noted a sharp reset in the third-quarter North American residential outlook, with expected volumes declining more than 40% year-over-year. Jefferies also adjusted its price target to $90 from $100, citing a revised 2025 U.S. residential HVAC outlook. Mizuho lowered its price target to $80, pointing to weakening conditions in the residential HVAC market while maintaining an Outperform rating. Similarly, RBC Capital reduced its target to $75, following Carrier’s negative pre-announcement and subsequent analyst call revealing significant weakness in its Americas residential HVAC segment, which constitutes about half of its revenues. Barclays also cut its price target to $74, citing underperformance in U.S. residential HVAC sales and an adjusted EPS headwind for the Climate, Security & Air segment. Despite these challenges, Mizuho and RBC Capital continue to rate the stock as Outperform. These developments highlight the ongoing concerns surrounding Carrier Global’s residential HVAC business.
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