Chart Industries Stock Price, News & Analysis

Ballard Power Systems (NASDAQ: BLDP) and Chart Industries (NYSE: GTLS) have successfully tested a fuel cell powered by liquid hydrogen. This collaboration, building on a joint development MOU from February 2021, utilized Ballard's FCmove™-HD fuel cell and Chart's HLH2 vehicle fuel system. The testing demonstrated the advantages of liquid hydrogen, offering up to double the range for heavy-duty vehicles without impacting payload. The companies aim to explore potential applications for liquid hydrogen in long-distance transport, including trucks and marine vessels.

Chart Industries and Ballard Power Systems have successfully tested a liquid hydrogen-powered fuel cell for heavy-duty vehicles, confirming the synergy between Chart's HLH2 fuel system and Ballard's FCmove™-HD fuel cell. The technology offers significant advantages, including extended range and simplified fueling infrastructure, making it suitable for applications in trucks, buses, rail, and marine sectors. The companies are now working on identifying a demonstrator for upcoming road tests.

Chart Industries, Inc. (GTLS) has announced a conference call scheduled for February 24, 2022, at 9:30 a.m. ET, to discuss its fourth quarter and full year 2021 financial results. The earnings release will be issued before the market opens on the same day. Participants can join the call via phone or through a webcast available on the company’s investor relations website. A replay will be accessible post-call and will remain available until March 3, 2022. Chart Industries is noted for its engineered equipment in the Energy and Industrial Gas sectors, with a focus on clean energy solutions.

Chart Industries, a leading manufacturer in the industrial gas and clean energy sectors, will host an Investor Day on May 5, 2022, at the New York Stock Exchange. The event will run from 7:30 a.m. to 11:30 a.m. ET, featuring insights from the executive management team, including updates on ESG initiatives, strategic activities, and market outlooks. Registration opens on March 4, 2022, and can be accessed through the company's investor relations website, where materials and a live webcast will also be available.

Chart Industries (NYSE: GTLS) secured over $120 million in orders for four liquefaction projects from various customers. Recent contracts include a 15 TPD hydrogen liquefier in North America, a 60,000 ton BioLNG liquefaction facility for VERBIO, a utility-scale LNG liquefaction plant in the Northeast U.S., and upgrades to an existing LNG facility for a regulated utility company. CEO Jill Evanko highlighted these awards as strong indicators of accelerating demand in the energy transition, contributing positively to Chart's outlook for 2022.

Chart Industries (GTLS) announced the acquisition of Earthly Labs for $62 million, gaining an 85% stake. The deal is primarily cash-based (62%) with the remainder in stock, valuing shares at $169.42. Earthly Labs specializes in small-scale carbon capture technology. This acquisition is seen as a strategic expansion into carbon capture, projected to contribute approximately $20 million in revenue for 2022 and enhance earnings per share by $0.12. CEO Jill Evanko highlighted the synergy in markets served, while Earthly Labs’ founder expressed a commitment to advancing climate solutions.

Chart Industries (NYSE: GTLS) and Howden have entered a Memorandum of Understanding (MOU) to collaborate on advanced hydrogen solutions. The partnership aims to integrate Howden's gas compression systems into Chart's hydrogen offerings, resulting in cost-effective and standardized solutions for customers. This collaboration is expected to enhance global aftermarket support and accelerate the commercialization of hydrogen projects in the coming decade. Both companies emphasize their commitment to customer satisfaction and reducing costs associated with renewable hydrogen development.

Chart Industries (NYSE: GTLS) has signed a Memorandum of Understanding with Hylium Industries to establish a joint venture focused on producing liquid hydrogen trailers in South Korea. The agreement includes a purchase order for three trailers, which will be designed and manufactured under Hylium's oversight, ensuring compliance with local regulations. CEO Jill Evanko emphasized the collaboration's potential to advance clean energy initiatives, while Hylium's CEO expressed optimism about enhancing Korea's hydrogen economy through this partnership.

Chart Industries reported strong financial results for Q3 2021, showcasing a record backlog of $1.1 billion and $350.2 million in orders, a 53.3% increase year-to-date. Sales reached $328.3 million, a 20.2% rise from Q3 2020. However, the full-year sales guidance decreased to $1.31-$1.33 billion, attributed to project timing shifts. The adjusted EPS guidance for 2021 is set at $2.75-$3.10. For 2022, a revenue outlook increase to $1.70-$1.85 billion is projected, reflecting anticipated continued demand and recent acquisitions.