We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Covestro (COVTY), Carlisle Tie Up for Sustainable Construction
Read MoreHide Full Article
Covestro AG (COVTY - Free Report) and Carlisle Construction Materials are collaborating to bring bio-circular products into the construction industry. Covestro will provide Carlisle with methylene diphenyl diisocyanate (MDI) based on ISCC PLUS certified mass-balanced bio-circular raw materials with up to a 99% reduced product carbon footprint than fossil-based MDI.
It has a CO2 reduction potential of 2.4 kilograms (kgs) for every kg of MDI produced. This will allow Carlisle to manufacture high-performance polyiso insulating boards with lower embodied carbon.
Covestro and Carlisle's collaboration builds on a decades-long history of cooperative innovation in the construction industry. As sustainability goals for the built environment grow, the two companies are ready to create and introduce the next generation of insulating materials. Covestro will provide Carlisle with Mondur CQ 489 MS isocyanate. The CQ, or "Circular Intelligence" label refers to a broad range of Covestro's circular products that use at least 25% alternative raw materials produced from biomass or recycled plastics.
Carlisle plans to be net zero by 2050. Carlisle will produce bio-based rigid foam insulation with 5% bio-circular content for the SynTec, Versico, Hunter Panels and WeatherBond names. This advanced bio-based insulation is the newest addition to Carlisle Construction Materials' line of sustainable building products.
Covestro operates ISCC PLUS-certified facilities in every major global market, including its manufacturing location in Baytown, TX. To fulfill its objective of being totally circular, Covestro aspires to be operationally climate-neutral (scopes 1 and 2) by 2035 and climate-neutral for scope 3 by 2050. The company currently offers hundreds of circular CQ items and is constantly increasing its product range.
Shares of Covestro have gained 16.3% over the past year compared with a 6.8% rise of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
COVTY currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Eldorado Gold Corporation (EGO - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) .
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 154.7% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.32 per share, indicating a year-over-year rise of 131.6%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company's shares have rallied roughly 107.3% in the past year.
Agnico Eagle Mines currently carries a Zacks Rank #2 (Buy). AEM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company's shares have soared 73.5% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Covestro (COVTY), Carlisle Tie Up for Sustainable Construction
Covestro AG (COVTY - Free Report) and Carlisle Construction Materials are collaborating to bring bio-circular products into the construction industry. Covestro will provide Carlisle with methylene diphenyl diisocyanate (MDI) based on ISCC PLUS certified mass-balanced bio-circular raw materials with up to a 99% reduced product carbon footprint than fossil-based MDI.
It has a CO2 reduction potential of 2.4 kilograms (kgs) for every kg of MDI produced. This will allow Carlisle to manufacture high-performance polyiso insulating boards with lower embodied carbon.
Covestro and Carlisle's collaboration builds on a decades-long history of cooperative innovation in the construction industry. As sustainability goals for the built environment grow, the two companies are ready to create and introduce the next generation of insulating materials. Covestro will provide Carlisle with Mondur CQ 489 MS isocyanate. The CQ, or "Circular Intelligence" label refers to a broad range of Covestro's circular products that use at least 25% alternative raw materials produced from biomass or recycled plastics.
Carlisle plans to be net zero by 2050. Carlisle will produce bio-based rigid foam insulation with 5% bio-circular content for the SynTec, Versico, Hunter Panels and WeatherBond names. This advanced bio-based insulation is the newest addition to Carlisle Construction Materials' line of sustainable building products.
Covestro operates ISCC PLUS-certified facilities in every major global market, including its manufacturing location in Baytown, TX. To fulfill its objective of being totally circular, Covestro aspires to be operationally climate-neutral (scopes 1 and 2) by 2035 and climate-neutral for scope 3 by 2050. The company currently offers hundreds of circular CQ items and is constantly increasing its product range.
Shares of Covestro have gained 16.3% over the past year compared with a 6.8% rise of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
COVTY currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Eldorado Gold Corporation (EGO - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) .
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 154.7% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.32 per share, indicating a year-over-year rise of 131.6%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company's shares have rallied roughly 107.3% in the past year.
Agnico Eagle Mines currently carries a Zacks Rank #2 (Buy). AEM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company's shares have soared 73.5% in the past year.