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Air Products (APD) to Build Green Liquid Hydrogen Plant
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Air Products and Chemicals, Inc. (APD - Free Report) recently announced that it would construct, own and operate a green liquid hydrogen production site at Casa Grande, AZ. The facility is expected to produce 10 metric tons each day and commence its operations in 2023.
The zero-carbon liquid hydrogen from the facility will be available for sale to the hydrogen for mobility market in California and other locations that require zero-carbon hydrogen. It will also have a terminal to give out products to customer locations all over California and other markets.
By powering the site with zero-carbon renewable power, the manufacturing process is enabled to eliminate carbon. It is projected to include advanced compression technology given for the liquefier in the Baker Hughes strategic alliance.
The company stated that by bringing a new source of green hydrogen into the Californian market, it is fulfilling its aim to decarbonize the transportation sector and marks its contribution toward resolving a key environmental challenge. This project is also an additional link in the hydrogen supply chain to ensure a reliable supply of decarbonized fuel to customers.
Air Products remains committed in its pursuit of other opportunities to manufacture low and zero-carbon hydrogen to help meet the growing demand worldwide.
Shares of Air Products have declined 16.7% in the past year compared with a 5.7% fall of the industry.
Image Source: Zacks Investment Research
Air Products, in its fiscal first-quarter earnings call, stated that it expects full-year fiscal 2022 adjusted earnings per share (EPS) between $10.20 and $10.40. The projection suggests an increase of 13-15% from the prior year’s adjusted EPS. For the second quarter of fiscal 2022, the company expects EPS in the range of $2.30-$2.40. The projection marks an increase of 11-15% from second-quarter fiscal 2021 adjusted EPS.
Air Products expects capital expenditures in the band of $4.5-$5 billion for full-year fiscal 2022.
Air Products and Chemicals, Inc. Price and Consensus
Air Products currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Allegheny Technologies Incorporated (ATI - Free Report) , The Mosaic Company (MOS - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Mosaic has a projected earnings growth rate of 106.4% for the current year. The Zacks Consensus Estimate for MOS' current-year earnings has been revised 22.2% upward in the past 60 days.
Mosaic beat the Zacks Consensus Estimate for earnings in three of the last four quarters, while missing once. It has a trailing four-quarter earnings surprise of roughly 3.7%, on average. MOS has rallied around 87.3% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AdvanSix has a projected earnings growth rate of 20.8% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 15.7% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, the average being 23.6%. ASIX has surged 57.3% in a year. The company is sports a Zacks Rank #1.
Allegheny, currently carrying a Zacks Rank #2 (Buy), has an expected earnings growth rate of 661.5% for the current year. The Zacks Consensus Estimate for ATI's earnings for the current year has been revised 45.6% upward in the past 60 days.
Allegheny beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 127.2%. ATI has rallied around 21.3% over a year.
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Air Products (APD) to Build Green Liquid Hydrogen Plant
Air Products and Chemicals, Inc. (APD - Free Report) recently announced that it would construct, own and operate a green liquid hydrogen production site at Casa Grande, AZ. The facility is expected to produce 10 metric tons each day and commence its operations in 2023.
The zero-carbon liquid hydrogen from the facility will be available for sale to the hydrogen for mobility market in California and other locations that require zero-carbon hydrogen. It will also have a terminal to give out products to customer locations all over California and other markets.
By powering the site with zero-carbon renewable power, the manufacturing process is enabled to eliminate carbon. It is projected to include advanced compression technology given for the liquefier in the Baker Hughes strategic alliance.
The company stated that by bringing a new source of green hydrogen into the Californian market, it is fulfilling its aim to decarbonize the transportation sector and marks its contribution toward resolving a key environmental challenge. This project is also an additional link in the hydrogen supply chain to ensure a reliable supply of decarbonized fuel to customers.
Air Products remains committed in its pursuit of other opportunities to manufacture low and zero-carbon hydrogen to help meet the growing demand worldwide.
Shares of Air Products have declined 16.7% in the past year compared with a 5.7% fall of the industry.
Image Source: Zacks Investment Research
Air Products, in its fiscal first-quarter earnings call, stated that it expects full-year fiscal 2022 adjusted earnings per share (EPS) between $10.20 and $10.40. The projection suggests an increase of 13-15% from the prior year’s adjusted EPS. For the second quarter of fiscal 2022, the company expects EPS in the range of $2.30-$2.40. The projection marks an increase of 11-15% from second-quarter fiscal 2021 adjusted EPS.
Air Products expects capital expenditures in the band of $4.5-$5 billion for full-year fiscal 2022.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
Zacks Rank & Key Picks
Air Products currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Allegheny Technologies Incorporated (ATI - Free Report) , The Mosaic Company (MOS - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Mosaic has a projected earnings growth rate of 106.4% for the current year. The Zacks Consensus Estimate for MOS' current-year earnings has been revised 22.2% upward in the past 60 days.
Mosaic beat the Zacks Consensus Estimate for earnings in three of the last four quarters, while missing once. It has a trailing four-quarter earnings surprise of roughly 3.7%, on average. MOS has rallied around 87.3% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AdvanSix has a projected earnings growth rate of 20.8% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 15.7% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, the average being 23.6%. ASIX has surged 57.3% in a year. The company is sports a Zacks Rank #1.
Allegheny, currently carrying a Zacks Rank #2 (Buy), has an expected earnings growth rate of 661.5% for the current year. The Zacks Consensus Estimate for ATI's earnings for the current year has been revised 45.6% upward in the past 60 days.
Allegheny beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 127.2%. ATI has rallied around 21.3% over a year.