Monday, March 30, 2009

FLIR stock outlook

Tom Konrad posts a brief analysis of the performance and outlook for FLIR Systems, Inc (FLIR). In the opinion of many analysts, due to both the military and the civilian applications of thermal imaging technology, companies such as Flir clearly have growth potential. Tom believes that "because an IR audit is cheaper than a full energy audit, some state weatherization programs or utility Demand Side Management programs will choose to to adopt IR audits as the sole energy audit used in their program.". In other words, these cameras are ideal for lower-budget refit, including ever-popular "green building" projects.




Tom says in part
"Weatherization of low income housing and Federal building retrofits are a major component of the American Recovery and Reinvestment Act (aka "Stimulus Package.") This will require the hiring and training of thousands of new energy auditors, for whom infrared (IR) imaging is an extremely versatile tool, both in terms of finding out what problems need to be fixed, and for convincing the customer that they are necessary. IR imaging is not necessary for an effective energy audit, but it is increasingly becoming part of the energy auditor's standard kit. I expect that new energy auditors are likely to flock to the technology because of its strong visual appeal. In addition, it requires training to use IR cameras properly, a service which Flir also provides. "


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