ATLANTA, March 29, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has received an order for the production of six brazed aluminum heat exchanger assemblies (“BAHX”) and cold boxes for Venture Global’s 10 MTPA Plaquemines Phase 2 liquefied natural gas (LNG) export terminal project.
Chart booked the equipment order of $45 million from Baker Hughes (NASDAQ: BKR). This order is for the first six BAHX assemblies and cold boxes of the anticipated 18 BAHX assemblies and cold boxes for the full Plaquemines Phase 2 facility.
Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Chart’s business plans, including statements regarding objectives, future orders, revenues, margins, earnings, performance or outlook, business or industry trends and other information that is not historical in nature. Forward-looking statements may be identified by terminology such as "may," "will," "should," "could," "expects," "anticipates," "believes," "projects," "forecasts," “indicators”, “outlook,” “guidance,” "continue," “target,” or the negative of such terms or comparable terminology.
Forward-looking statements contained in this press release or in other statements made by Chart are made based on management's expectations and beliefs concerning future events impacting Chart and are subject to uncertainties and factors relating to Chart’s operations and business environment, all of which are difficult to predict and many of which are beyond Chart’s control, that could cause Chart’s actual results to differ materially from those matters expressed or implied by forward-looking statements. Factors that could cause Chart’s actual results to differ materially from those described in the forward-looking statements include: Chart’s ability to successfully integrate recent acquisitions and achieve the anticipated revenue, earnings, accretion and other benefits from these acquisitions; slower than anticipated growth and market acceptance of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; risks relating to the outbreak and continued uncertainty associated with the coronavirus (COVID-19 and its variant(s)) and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recent Annual Report on Form 10-K filed with the SEC, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement.
Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global manufacturing locations from the United States to China, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities. To learn more, visit www.Chartindustries.com.
For more information, click here:
Wade Suki, CFA Director of Investor Relations 832-524-7489 wade.suki@chartindustries.com
An important U.S. regulator raises concerns about 'fraudulent and manipulative acts and practices.'
DEEP DIVE It sure has been a wild ride for investors over the past few weeks, with the benchmark S&P 500 rising 10% from March 8 through March 30. But the broader stock market is still down for 2022.
‘Both are insistent that I'm taking money that is morally theirs. There's no changing their mind.’
Shares of Qualcomm (NASDAQ: QCOM) were trading about 6% lower at 2 p.m. ET Friday after a JPMorgan analyst removed the semiconductor giant from its "analyst focus list," indicating that the firm no longer sees it as a top stock with meaningful upside from its current price.
What happened Shares of semiconductor giant Nvidia (NASDAQ: NVDA) dropped in Friday afternoon trading, falling 2.9% through 12:55 p.m. ET. In the absence of any other news on Nvidia stock per se, it appears today's drop is tied to a Yahoo! Finance column that may have spooked investors.
Despite being one of the most recognizable wireless carriers in the U.S., AT&T stock has had a rough year. But it does have some perks.
Measuring and gauging the stock market's value is key to an investor’s strategy. Right now, it’s clear that the market is in the midst of a shift, that last year’s sustained run of gains has ended, that this year, which started with sharp losses and increased volatility, will be something different. Covering the market for investment firm Raymond James, strategist Tavis McCourt writes: “We are seeing a substantial rally in growth broadly in the last two weeks, and it is still unclear if this is
Investors in Nio (NYSE: NIO) have waited for a day like this for a long time now. On April 1, Nio said it delivered a record number of electric vehicles (EVs), totaling 25,768 units, in the quarter ending March. Although that's barely 3% higher compared to the last quarter, expectations were even more muted given the severe supply challenges facing automakers like Nio.
The analysts might have been a bit too bullish on UiPath Inc. ( NYSE:PATH ), given that the company fell short of...
(Bloomberg) -- Hedge funds distrust it, a clutch of strategists say it’s doomed, and the Federal Reserve probably wishes it would stop. But a fearsome stock market rally that has been giving prognosticators fits is refusing to go away. Most Read from BloombergRussia Says Ukraine Choppers Made Rare Cross-Border StrikeUkraine Update: Russia Says Kyiv Makes Rare Cross-Border StrikeUkraine Update: U.S. Steps Up Military, Defense AssistanceNever Had Covid? You May Hold Key To Beating the VirusWill Sm
Canadian marijuana stocks were quiet after the House passed the MORE Act. So are any Canadian marijuana stocks buys now?
The semiconductor industry is set for massive growth, thanks to the growing usage of chips across various applications that range from smartphones to computers to cars to factories. According to a third-party estimate, the semiconductor industry could top $1 trillion in revenue by 2030, compared to $466 billion in 2018. Taiwan Semiconductor Manufacturing (NYSE: TSM), better known as TSMC, Synaptics (NASDAQ: SYNA), and Lam Research (NASDAQ: LRCX) are three semiconductor stocks that could win big from the broader market's growth.
Intel is a company that is probably about to take market share for the first time in at least half a decade in the world’s most important technology industry: computer chips. The semiconductor industry is facing a potential decade-long supply-constraint problem that this company can fix, giving it a potential trillion-dollar side business along with maybe another one or two.
The key indexes were little changed last week, but some sectors sold off. Tesla deliveries are on tap.
QuantumScape (NYSE: QS) ended this week on a solid note, rising 15.8% through 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. QuantumScape rocketed the afternoon of March 28 when an article from German business monthly, Manager Magazin, reported Porsche to be working with QuantumScape for solid-state batteries to power an electric version of its 911 sports car. Porsche is a Volkswagen (OTC: VWAGY) brand, and 911 a hugely popular car.
(Bloomberg) -- U.S. President Joe Biden’s plan to tackle record gasoline prices with an unprecedented release of emergency oil reserves may stifle domestic crude drilling just when it’s needed most. Most Read from BloombergUkraine Update: Russia Says Kyiv Makes Rare Cross-Border StrikeNever Had Covid? You May Hold Key To Beating the VirusPutin Says Gas Exports to Be Halted If Ruble Payments Not MadeU.S. Criticizes India on Russia Talks as Lavrov Visits DelhiBiden Team Weighs a Massive Release of
Is Amazon stock a buy now that it announced a 20-for-1 stock split, its first in more than 20 years, along with a $10 billion stock buyback plan?
How far off is Alphabet Inc. ( NASDAQ:GOOGL ) from its intrinsic value? Using the most recent financial data, we'll...
An investment in Nikola is a long-term journey, and there will be days of profit-taking along the way.
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric vehicle makers.