AYI - Far-UVC Could Flip The Switch For Growth At Acuity Brands
The going remains tough for Acuity Brands (AYI). While I don’t really love the business, I thought back in January that the valuation seemed low relative to even modest (low single-digit) long-term growth assumptions, but the shares have since underperformed the industrial group, perhaps due to the company’s high exposure to non-residential new-build construction and relatively little exposure to green building retrofits, as the LED upgrade cycle is largely mature.
Now there’s a new potential driver to consider – Far-UVC lighting as a retrofit product for building hygiene. Unlike conventional UVC systems, Far-UVC