Rockwell Automation Inc. continues capitalizing on the alternative energy industry’s expansion, winning projects at new plants for solar panel manufacturer First Solar Inc., including a $1 billion factory planned for the southeastern United States.
Rockwell’s work for First Solar (Nasdaq: FSLR) is one example of why executives with the Milwaukee-based factory automation and software company predict years of revenue growth despite a possible economic downturn. The future looks particularly bright in the United States, where Rockwell is well-established and manufacturers are investing in new plants due in part to incentives in the federal Inflation Reduction Act, chairman and CEO Blake Moret told analysts Thursday.
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