Shares of electrical equipment-related companies are trading lower, possibly alongside an AI-related selloff due to inflation fears and soaring bond yields.

Acuity Inc. to Acquire Parameter Technologies for $675 Million

Acuity Inc. has entered into a definitive agreement to acquire Parameter Technologies, a provider of monitoring solutions for data centers and critical infrastructure, for $675 million.

Morgan Stanley Maintains Overweight on Acuity, Lowers Price Target to $380

Morgan Stanley analyst Chris Snyder maintains Acuity (NYSE:AYI) with a Overweight and lowers the price target from $410 to $380.

Oppenheimer Maintains Outperform on Acuity, Lowers Price Target to $415

Company News for Oct 2, 2026

Several major companies reported quarterly earnings with mixed results. Accenture surged 15.8% after beating earnings estimates, while McKesson gained 5.3% on maintained guidance. Conversely, Acuity fell 3.4% and Progress Software dropped 8.5% after missing revenue expectations.

Koses Extends Equipment Supply Contract with Bloom Energy

Koses has extended its contract to supply automated electrode cell equipment to Bloom Energy through October 2027.

The Energy Transition in 5 Numbers: Where Solar, Nuclear, and Gas Stand Heading Into 2027

Global electricity demand is projected to grow 3.8% next year, driven by AI data centers, manufacturing reshoring, and EV adoption. Solar will lead growth with 600 TWh annually through 2027, while nuclear capacity will expand through plant restarts and uprates. Natural gas serves as a bridge fuel with 48 GW needed by 2035 to meet data center demand. Data center energy consumption could reach 945 TWh by 2030 and 1,200 TWh by 2035.