Chart Industries, Inc. recently announced a contract with Argent LNG to provide its mid-scale modular liquefaction solution, IPSMR process technology, for a 20 MTPA LNG facility in Port Fourchon, LA. The IPSMR technology from Chart Industries enhances efficiency and performance in liquefaction systems, optimizing resource utilization and reducing operational costs with its modular design that allows for customization and adaptability to various site conditions and gas turbine power specifications. This technology will enable Ardent to meet the growing demand for LNG-related services in the market.
Chart Industries currently holds a Zacks Rank of #3 (Hold). In the year-to-date period, GTLS stock has seen a 5.3% increase compared to the industry’s 1.9% rise. However, this growth is outpaced by some better-performing companies in the Industrial Products sector such as Applied Industrial Technologies, Inc., Belden Inc., and Crane Company. Applied Industrial Technologies, Inc. has a Zacks Rank of #2 (Buy) and has shown a trailing four-quarter average earnings surprise of 8.2%. Belden Inc., also holding a Zacks Rank of 2, has delivered a trailing four-quarter earnings surprise of 14.7%. Crane Company, with a Zacks Rank of 2, has shown an average trailing four-quarter earnings surprise of 15.2%. These companies have shown positive growth and performance in the year-to-date period, making them worth considering for investment opportunities.
In conclusion, Chart Industries’ recent contract with Argent LNG highlights its efficient and innovative solutions for the growing demand for LNG-related services in the market. While GTLS stock may hold a respectable position on Zacks Ranking System, it still lags behind some better performers in the Industrial Products sector like Applied Industrial Technologies