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KBR to Aid Hydrogen Liquefaction Technology, Boost Technology
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In order to support its strategic decision to provide differentiated and sustainable solutions to customers, KBR, Inc. (KBR - Free Report) has inked a deal with Shell Global Solutions International B.V. to offer professional services for hydrogen liquefaction development.
Per the contract, KBR will support Shell's concept studies to advance large-scale hydrogen liquefaction technology — an alternative method for long-distance renewable energy transport. Liquid Hydrogen provides a versatile energy solution for a wide variety of end uses including mobility, power generation, industrial and domestic heat as well as molecular end-use markets.
Jay Ibrahim, KBR president – Sustainable Technology Solutions, said, "As a leading provider of sustainable technologies, value added design and project integration capability, KBR will leverage its hydrogen and cryogenic domain expertise with its digital tools to support Shell in this critical early phase of the development."
KBR has been an industry leader in energy transition, offering proprietary sustainable technologies and professional services to clients to support decarbonization. It has been actively involved in the hydrogen value chain as both a technology provider and an advisor and by providing differentiated project delivery solutions. KBR has licensed more than 260 syngas projects involving hydrogen production and completed a large number of projects involving gas compression and cryogenic handling and storage.
KBR’s Robust Technology Support to Aid Business
The Sustainable Technology Solutions segment — comprising 20.3% of the company’s total revenues — includes Energy Solutions, Technology Solutions and Non-Strategic Business segments. This segment is anchored by innovative, proprietary process technologies.
Image Source: Zacks Investment Research
Over a decade, KBR has developed and designed various renewable and sustainable fuels projects across the globe. Its best-in-class technologies have been helping the company to design and build end-to-end, sophisticated digitization solutions as well as services for clients across the world.
Over the past several years, KBR has been offering proprietary sustainable technologies and professional services to support decarbonization. Also, it is actively involved in the hydrogen value chain, both as a technology provider and an advisor, by providing differentiated project delivery solutions.
Overall, it has been driving growth by focusing on lowering carbon emissions, product diversification, energy efficiency, and more sustainable technologies as well as solutions. Demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, and in refining for product diversification and more green solutions to meet tighter environmental standards has been strong. A strategic shift to IP-enabled maintenance is gaining traction and KBR continues to see increasing activity across the advisory portfolio, particularly in energy transition.
KBR and other Engineering - R and D Services industry players like Jacobs Engineering Group Inc. (J - Free Report) , Quanta Services Inc. (PWR - Free Report) , and Fluor Corporation (FLR - Free Report) are bound to witness the risk of cost overruns. As most of the contracts are particularly fixed-price in nature, these are subject to risks of cost overruns.
KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government as well as technology businesses.
Share Performance
KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government as well as technology businesses. KBR’s shares have gained 60.8% over a year, outperforming the industry’s 12.8% rally.
Jacobs Engineering Group: Dallas, TX-based Jacobs — a Zacks Rank #3 company — banks on higher backlog, acquisitions and efforts to focus on the high-value business. Also, its digital focus and leadership in strategic end markets that include space exploration, life sciences, cyber as well as water solutions bode well.
Jacobs’ earnings for fiscal 2022 are expected to grow 12.1%.
Quanta Services, Inc.: This Zacks Rank #3 company is benefiting from a three-pronged growth strategy and strong margins from the Electric Power Infrastructure segment. Focus on the base business via supporting long-term programmatic spend of utilities and participating in the development of infrastructure that supports renewables and technology deployments such as 5G as well as electric vehicles will drive growth. It is to be noted that 80-90% of revenues are derived from the utility, communications, and a few pipeline and industrial infrastructure services, which remain strong.
Quanta Services’ earnings for 2022 have gained 0.5% over the past seven days. PWR’s earnings for 2022 are expected to advance 25.8%.
Fluor Corporation: Fluor — a Zacks Rank #1 company — is gaining from the "Building a Better Future" initiative, which is focused on enhancing the markets outside the traditional oil and gas sector, fair and balanced commercial deals, financial discipline, and high-performing business culture. It made significant progress toward strategic goals that comprise the reduction of outstanding debt by 30% and identified ways for more than $150 million in annual cost savings.
Fluor’s earnings for 2022 are expected to grow 31.9%. FLR’s earnings have gained 10.7% over the past seven days.
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KBR to Aid Hydrogen Liquefaction Technology, Boost Technology
In order to support its strategic decision to provide differentiated and sustainable solutions to customers, KBR, Inc. (KBR - Free Report) has inked a deal with Shell Global Solutions International B.V. to offer professional services for hydrogen liquefaction development.
Per the contract, KBR will support Shell's concept studies to advance large-scale hydrogen liquefaction technology — an alternative method for long-distance renewable energy transport. Liquid Hydrogen provides a versatile energy solution for a wide variety of end uses including mobility, power generation, industrial and domestic heat as well as molecular end-use markets.
Jay Ibrahim, KBR president – Sustainable Technology Solutions, said, "As a leading provider of sustainable technologies, value added design and project integration capability, KBR will leverage its hydrogen and cryogenic domain expertise with its digital tools to support Shell in this critical early phase of the development."
KBR has been an industry leader in energy transition, offering proprietary sustainable technologies and professional services to clients to support decarbonization. It has been actively involved in the hydrogen value chain as both a technology provider and an advisor and by providing differentiated project delivery solutions. KBR has licensed more than 260 syngas projects involving hydrogen production and completed a large number of projects involving gas compression and cryogenic handling and storage.
KBR’s Robust Technology Support to Aid Business
The Sustainable Technology Solutions segment — comprising 20.3% of the company’s total revenues — includes Energy Solutions, Technology Solutions and Non-Strategic Business segments. This segment is anchored by innovative, proprietary process technologies.
Image Source: Zacks Investment Research
Over a decade, KBR has developed and designed various renewable and sustainable fuels projects across the globe. Its best-in-class technologies have been helping the company to design and build end-to-end, sophisticated digitization solutions as well as services for clients across the world.
Over the past several years, KBR has been offering proprietary sustainable technologies and professional services to support decarbonization. Also, it is actively involved in the hydrogen value chain, both as a technology provider and an advisor, by providing differentiated project delivery solutions.
Overall, it has been driving growth by focusing on lowering carbon emissions, product diversification, energy efficiency, and more sustainable technologies as well as solutions. Demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, and in refining for product diversification and more green solutions to meet tighter environmental standards has been strong. A strategic shift to IP-enabled maintenance is gaining traction and KBR continues to see increasing activity across the advisory portfolio, particularly in energy transition.
KBR and other Engineering - R and D Services industry players like Jacobs Engineering Group Inc. (J - Free Report) , Quanta Services Inc. (PWR - Free Report) , and Fluor Corporation (FLR - Free Report) are bound to witness the risk of cost overruns. As most of the contracts are particularly fixed-price in nature, these are subject to risks of cost overruns.
KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government as well as technology businesses.
Share Performance
KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government as well as technology businesses. KBR’s shares have gained 60.8% over a year, outperforming the industry’s 12.8% rally.
Zacks Rank
Currently, KBR carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A Brief Overview of the Above-Mentioned Companies
Jacobs Engineering Group: Dallas, TX-based Jacobs — a Zacks Rank #3 company — banks on higher backlog, acquisitions and efforts to focus on the high-value business. Also, its digital focus and leadership in strategic end markets that include space exploration, life sciences, cyber as well as water solutions bode well.
Jacobs’ earnings for fiscal 2022 are expected to grow 12.1%.
Quanta Services, Inc.: This Zacks Rank #3 company is benefiting from a three-pronged growth strategy and strong margins from the Electric Power Infrastructure segment. Focus on the base business via supporting long-term programmatic spend of utilities and participating in the development of infrastructure that supports renewables and technology deployments such as 5G as well as electric vehicles will drive growth. It is to be noted that 80-90% of revenues are derived from the utility, communications, and a few pipeline and industrial infrastructure services, which remain strong.
Quanta Services’ earnings for 2022 have gained 0.5% over the past seven days. PWR’s earnings for 2022 are expected to advance 25.8%.
Fluor Corporation: Fluor — a Zacks Rank #1 company — is gaining from the "Building a Better Future" initiative, which is focused on enhancing the markets outside the traditional oil and gas sector, fair and balanced commercial deals, financial discipline, and high-performing business culture. It made significant progress toward strategic goals that comprise the reduction of outstanding debt by 30% and identified ways for more than $150 million in annual cost savings.
Fluor’s earnings for 2022 are expected to grow 31.9%. FLR’s earnings have gained 10.7% over the past seven days.