What’s going on with VIEW?
View, Inc. (VIEW) stock was slightly higher after the smart glass maker announced Walmart (WMT) will purchase $26 million of smart glass to outfit its new Home Office campus in Bentonville, Ark. The order is one of the company’s largest corporate installations to date. Shares of VIEW were up 1.87% to $9.01 per share on Friday morning.
What does it mean View?
The order from Walmart, one of the world’s largest retailers, is a boost to View’s product, smart glass.
The Milpitas, Calif.-based company’s smart windows rely on artificial intelligence to automatically adjust to the sun, provide access to natural light and decrease heat and glare. They’re also eco-friendly, and can be found in 75 million square feet of buildings, such as hospitals, airports, hotels and multi-family residences.
“View is experiencing tremendous growth as we reinvent the way buildings are built by putting the wellbeing of people first,” said Dr. Rao Mulpuri, Chairman and CEO of View. “We are excited to be working with leading companies to improve people’s wellbeing and productivity, while also benefiting the environment. There’s no longer a trade-off between people, planet, and profit.”
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View Inc is a technology company and the market leader in smart windows. View Smart Windows use artificial intelligence to automatically adjust in response to the sun and increase access to natural light, to improve people's health and experience in buildings, while simultaneously reducing energy consumption to mitigate the effects of climate change. Every View installation also includes a smart building platform that consists of power, network, and communication infrastructure.