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Celanese (CE) Gets Four New Patents for Sunett Sweetener
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Celanese Corporation (CE - Free Report) has been recently granted four new patents by the United States Patent and Trademark Office (USPTO) for its Sunett sweetener. These patents improve the manufacturing process for the production of acesulfame potassium (Ace-K) high intensity sweetener products.
The issuance of patents by the USPTO provides substantial technology advantages to Celanese and its customers by ensuring the highest quality and reliability standards of the Sunett Ace-K sweetener. Demand for high-quality Ace-K is on the rise as customers look for substitutes to full-sugar products.
Celanese has outperformed the industry in a year’s time. Shares of the company have rallied around 20.3% while the industry rose roughly 6.8%.
Last month, Celanese raised its adjusted earnings per share guidance for 2018 to $10.50-$10.75 based on strength across Engineered Materials (EM) and Acetyl Chain units. The company expects the Acetyl Chain momentum to continue in the third quarter. The company also expects Acetate Tow earnings to remain relatively flat year over year in 2018. The company commercialized 733 projects in the EM segment during the second quarter and is on track to deliver nearly 3,000 project wins in 2018.
Celanese benefited from gains across its EM and Acetyl Chain units in the second quarter. Improving industry fundamentals and the strength of the company’s commercial models also supported the results.
Celanese currently carries a Zacks Rank #1 (Strong Buy).
Some other top-ranked companies in the basic materials space are Huntsman Corporation (HUN - Free Report) , Air Products and Chemicals, Inc. (APD - Free Report) and LyondellBasell Industries N.V. (LYB - Free Report) .
Air Products has an expected long-term earnings growth rate of 16.1% and a Zacks Rank #2. Its shares have gained 13% in a year’s time.
LyondellBasell has an expected long-term earnings growth rate of 9.5% and carries a Zacks Rank #2. The stock has rallied 28.2% in the past year.
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Celanese (CE) Gets Four New Patents for Sunett Sweetener
Celanese Corporation (CE - Free Report) has been recently granted four new patents by the United States Patent and Trademark Office (USPTO) for its Sunett sweetener. These patents improve the manufacturing process for the production of acesulfame potassium (Ace-K) high intensity sweetener products.
The issuance of patents by the USPTO provides substantial technology advantages to Celanese and its customers by ensuring the highest quality and reliability standards of the Sunett Ace-K sweetener. Demand for high-quality Ace-K is on the rise as customers look for substitutes to full-sugar products.
Celanese has outperformed the industry in a year’s time. Shares of the company have rallied around 20.3% while the industry rose roughly 6.8%.
Last month, Celanese raised its adjusted earnings per share guidance for 2018 to $10.50-$10.75 based on strength across Engineered Materials (EM) and Acetyl Chain units. The company expects the Acetyl Chain momentum to continue in the third quarter. The company also expects Acetate Tow earnings to remain relatively flat year over year in 2018.
The company commercialized 733 projects in the EM segment during the second quarter and is on track to deliver nearly 3,000 project wins in 2018.
Celanese benefited from gains across its EM and Acetyl Chain units in the second quarter. Improving industry fundamentals and the strength of the company’s commercial models also supported the results.
Celanese Corporation Price and Consensus
Celanese Corporation Price and Consensus | Celanese Corporation Quote
Zacks Rank & Other Stocks to Consider
Celanese currently carries a Zacks Rank #1 (Strong Buy).
Some other top-ranked companies in the basic materials space are Huntsman Corporation (HUN - Free Report) , Air Products and Chemicals, Inc. (APD - Free Report) and LyondellBasell Industries N.V. (LYB - Free Report) .
Huntsman has an expected long-term earnings growth rate of 8.5% and a Zacks Rank #1. The company’s shares have rallied 24% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Air Products has an expected long-term earnings growth rate of 16.1% and a Zacks Rank #2. Its shares have gained 13% in a year’s time.
LyondellBasell has an expected long-term earnings growth rate of 9.5% and carries a Zacks Rank #2. The stock has rallied 28.2% in the past year.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
See This Ticker Free >>