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Stock impact report

Resideo Announces Sale of Grid Services Demand Response Business to EnergyHub [Yahoo! Finance]

Resideo Technologies, Inc. (REZI) 
Last resideo technologies, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
/PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential end-markets, today announced that it sold its Grid Services demand response business, that primarily caters to utility clients, to EnergyHub, a leading provider of grid-edge flexibility solutions. This divestiture will enable Resideo to better focus on its core strategy to be a leader in residential controls and sensing products serving its professional contractor and integrator customer base. After the transaction, Resideo will continue to be able to control and maintain energy loads in the home through integrations between its thermostats and other products and third-party demand response platforms. Show less Read more
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