Chart Industries, Inc. (NYSE:GTLS) recently announced that it has secured a contract from Argent LNG to provide its mid-scale modular liquefaction solution at the Port Fourchon, LA-based LNG facility. Argent is a Louisiana-based company that offers LNG and LNG-related services to its customers. The company focuses on innovation, efficiency, and environmental sustainability to play a significant role in the future of U.S. energy exports. Chart Industries’ IPSMR technology is designed to enhance efficiency and performance in liquefaction systems, optimizing resource utilization and reducing operational costs. The modular design of the technology allows for customization and adaptability to different site conditions and gas turbine power specifications, enabling Ardent to offer an optimal solution to the market and meet the growing demand for LNG-related services.
Chart Industries currently holds a Zacks Rank #3 (Hold). Year-to-date, GTLS stock has gained 5.3% compared to the industry’s 1.9% rise.
Some better-ranked companies from the Industrial Products sector include Applied Industrial Technologies, Inc., Belden Inc., and Crane Company. Applied Industrial Technologies currently has a Zacks Rank #2 (Buy) with an average earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT’s fiscal 2024 earnings has improved by 0.9% in the past 60 days, with the stock rising by 11.8% year-to-date. Belden Inc. holds a Zacks Rank of 2 and has a trailing four-quarter earnings surprise of 14.7%, on average. The consensus estimate for BDC’s 2024 earnings has increased by 8.3% in the past 60 days, with shares gaining 19.2% year-to-date. Crane Company presently carries a Zacks Rank of 2 with a trailing four-quarter earnings surprise of 15.2%, on average. The Zacks Consensus Estimate for CR’s 2024 earnings has increased by 0.8% in the past 60 days, with shares gaining 22.5% year-to-date.