The analysis firm Bernstein Research has upgraded Schneider Electric from 'Hold' to 'Buy'. The French conglomerate develops and supplies energy management systems, switchgear, and building automation – areas with direct relevance to electrical contractors and installers. The upgrade indicates improved business prospects; however, Bernstein did not provide specific price targets or justifications in the publicly accessible announcement. Schneider employs approximately 150,000 employees worldwide and achieved sales of 36 billion euros in 2023.