We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
KBR to Offer Low-Carbon Ammonia Solution With ATR Technology
Read MoreHide Full Article
KBR, Inc. (KBR - Free Report) has unveiled that its customers will now have the option to include Air Liquide's Autothermal Reforming (ATR) technology solution for producing low-carbon ammonia at a large scale.
KBR's world-leading ammonia synthesis technology will now be coupled with a fully integrated and flexible ATR for large-scale syngas production applications. The ammonia synthesis technology provides customers with highly flexible, fully integrated and customized solutions for the production of low-carbon ammonia.
For decades, KBR’s differentiated ammonia synthesis technology has provided complete solutions for blue and green ammonia and a large-scale capacity of up to 10,000 MTPD. The addition of ATR will help customers achieve energy efficiency, world-leading reliability, a simplified single-train production process and up to 99% carbon capture in highly integrated industrial facilities.
KBR’s Low-Carbon Ammonia Offerings Bode Well
Since 1943, KBR has licensed, engineered and constructed more than 250 grassroot ammonia plants worldwide, capturing approximately 50% of the market share of licensed capacity. The determination to lower emissions, achieve product diversification and energy efficiency and develop more sustainable technologies and solutions has been driving KBR’s performance.
To expand its low-carbon ammonia offerings for energy transition, KBR has been working on multiple contracts. In April, it won a deal to provide the K-GreeN technology for Atlas Agro AG’s planned investment in a series of green nitrate plants. The technology was chosen by Avina Clean Hydrogen for its green ammonia project in the United States. Earlier in February, KBR secured a K-GreeN contract from Enaex, S.A., for the HyEx green ammonia project in Chile, South America.
The demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, refining for product diversification and greener solutions to meet tighter environmental standards has been strong. A strategic shift to IP-enabled maintenance is also gaining traction and KBR’s advisory portfolio continues to see increasing activity, particularly in energy transition.
Share Price Performance
Shares of the company fell 2.43% on Jul 19 but have gained 31.4% in the past six months compared with the industry’s 19.7% growth. The company's 2023 earnings estimates indicate 6.3% year-over-year growth. The trend is likely to continue, given the solid backlog level (including award options).
Image Source: Zacks Investment Research
As of Mar 31, 2023, the total backlog (including award options) was $20.89 billion compared with $19.76 billion at 2021-end. Of the total backlog, GS booked $16 billion. The Sustainable Technology Solutions segment accounted for $4.9 billion of the total backlog.
KBR has been gaining from the rising global importance of national security, energy security, energy transition and climate change. It has been gaining from high-end and differentiated government business work, strong margin performance and technology and consulting services.
KBR’s long-term, mission-critical programs provide strong visibility in volatile times. Its determination to reduce emissions, product diversification, inorganic moves and strategic alliances bodes well.
AECOM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government, as well as those in environmental, energy and water businesses.
ACM currently carries a Zacks Rank #2. Its expected earnings growth rate for 2023 is 6.6%. The consensus mark for ACM’s 2023 earnings has moved north to $3.70 per share from $3.69 in the past 60 days.
Howmet Aerospace is a global manufacturer of engineered products serving the aerospace, defense and commercial transportation industries. The company is expected to benefit from higher aircraft production rates and ease of supply chains in the transportation market. Importantly, share gains in the titanium aerospace market are expected to be a major growth tailwind. Howmet Aerospace currently carries a Zacks Rank #2.
HWM’s earnings for 2023 are expected to grow by 20.7%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
KBR to Offer Low-Carbon Ammonia Solution With ATR Technology
KBR, Inc. (KBR - Free Report) has unveiled that its customers will now have the option to include Air Liquide's Autothermal Reforming (ATR) technology solution for producing low-carbon ammonia at a large scale.
KBR's world-leading ammonia synthesis technology will now be coupled with a fully integrated and flexible ATR for large-scale syngas production applications. The ammonia synthesis technology provides customers with highly flexible, fully integrated and customized solutions for the production of low-carbon ammonia.
For decades, KBR’s differentiated ammonia synthesis technology has provided complete solutions for blue and green ammonia and a large-scale capacity of up to 10,000 MTPD. The addition of ATR will help customers achieve energy efficiency, world-leading reliability, a simplified single-train production process and up to 99% carbon capture in highly integrated industrial facilities.
KBR’s Low-Carbon Ammonia Offerings Bode Well
Since 1943, KBR has licensed, engineered and constructed more than 250 grassroot ammonia plants worldwide, capturing approximately 50% of the market share of licensed capacity. The determination to lower emissions, achieve product diversification and energy efficiency and develop more sustainable technologies and solutions has been driving KBR’s performance.
To expand its low-carbon ammonia offerings for energy transition, KBR has been working on multiple contracts. In April, it won a deal to provide the K-GreeN technology for Atlas Agro AG’s planned investment in a series of green nitrate plants. The technology was chosen by Avina Clean Hydrogen for its green ammonia project in the United States. Earlier in February, KBR secured a K-GreeN contract from Enaex, S.A., for the HyEx green ammonia project in Chile, South America.
The demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, refining for product diversification and greener solutions to meet tighter environmental standards has been strong. A strategic shift to IP-enabled maintenance is also gaining traction and KBR’s advisory portfolio continues to see increasing activity, particularly in energy transition.
Share Price Performance
Shares of the company fell 2.43% on Jul 19 but have gained 31.4% in the past six months compared with the industry’s 19.7% growth. The company's 2023 earnings estimates indicate 6.3% year-over-year growth. The trend is likely to continue, given the solid backlog level (including award options).
Image Source: Zacks Investment Research
As of Mar 31, 2023, the total backlog (including award options) was $20.89 billion compared with $19.76 billion at 2021-end. Of the total backlog, GS booked $16 billion. The Sustainable Technology Solutions segment accounted for $4.9 billion of the total backlog.
KBR has been gaining from the rising global importance of national security, energy security, energy transition and climate change. It has been gaining from high-end and differentiated government business work, strong margin performance and technology and consulting services.
KBR’s long-term, mission-critical programs provide strong visibility in volatile times. Its determination to reduce emissions, product diversification, inorganic moves and strategic alliances bodes well.
Zacks Rank & Stocks to Consider
KBR currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same space are Willdan Group, Inc. (WLDN - Free Report) , AECOM (ACM - Free Report) and Howmet Aerospace, Inc. (HWM - Free Report) .
Willdan Group is a nationwide provider of professional, technical and consulting services to utilities, government agencies and private industry.
Willdan Group presently carries a Zacks Rank #2 (Buy). WLDN’s expected earnings growth rate for 2023 is 39.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AECOM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities and government, as well as those in environmental, energy and water businesses.
ACM currently carries a Zacks Rank #2. Its expected earnings growth rate for 2023 is 6.6%. The consensus mark for ACM’s 2023 earnings has moved north to $3.70 per share from $3.69 in the past 60 days.
Howmet Aerospace is a global manufacturer of engineered products serving the aerospace, defense and commercial transportation industries. The company is expected to benefit from higher aircraft production rates and ease of supply chains in the transportation market. Importantly, share gains in the titanium aerospace market are expected to be a major growth tailwind. Howmet Aerospace currently carries a Zacks Rank #2.
HWM’s earnings for 2023 are expected to grow by 20.7%.