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.
Air Products (APD) Offers Hydrogen-Based Services to SARTA
Read MoreHide Full Article
Air Products and Chemicals Inc. (APD - Free Report) announced that it will provide hydrogen fueling station and liquid hydrogen supply to Stark Area Regional Transit Authority (SARTA).
Air Products has set up a hydrogen fueling station dispensing unit and a 9,000 gallon hydrogen tank, along with its hydrogen compression and storage technologies. The company will provide liquid hydrogen to the site from its hydrogen production facility in Sarnia, Ontario (Canada). The 350-bar hydrogen fueling station will have scope for future expansion. SARTA will start fueling buses next month and has plans to expand its fleet to 10 buses over the next two years.
Hydrogen is cost effective, safe, user friendly and eco-friendly alternative to conventional fuels, and SARTA’s new programs will ensure that Stark County and Ohio will be the pioneering centers for a growing and dynamic industry. On the other hand Air Products believes that SARTA is doing commendable work through its efforts to bring zero-emission transportation to Canton and the state of Ohio. The company believes that providing hydrogen fueling for mass transit, will enable in reducing the impact of public transportation on the environment.
Air Products saw higher profits in the third-quarter fiscal 2016 (ended Jun 30, 2016), backed by restructuring and operational improvements. Adjusted earnings of $1.92 per share for the quarter beat the Zacks Consensus Estimate, while revenues of $2,434.4 million missed the same. The company reported double-digit EPS growth for the eighth consecutive quarter.
Air Products anticipates earnings from continuing operations for fourth-quarter fiscal 2016 to be in the range of $1.91–$2.01 per share. The company also raised the lower end of its fiscal 2016 earnings guidance to the band of $7.45–$7.55 per share from the earlier view of $7.40–$7.55. The company reiterated its estimated capital expenditures of around $1.2 billion for fiscal 2016.
Air Products currently has a Zacks Rank #3 (Hold).
Stock to Consider
Some better-ranked stocks in the chemical space include Innophos Holdings Inc. , Innospec Inc. (IOSP - Free Report) , and The Chemours Company (CC - Free Report) .
Innophos Holdings sports a Zacks Rank #1 (Strong Buy). The company has expected earnings growth of 48.6% for the current year.
Chemours carries Zacks Rank #2 (Buy) and has expected earnings growth of 7.6% for the current year.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Air Products (APD) Offers Hydrogen-Based Services to SARTA
Air Products and Chemicals Inc. (APD - Free Report) announced that it will provide hydrogen fueling station and liquid hydrogen supply to Stark Area Regional Transit Authority (SARTA).
Air Products has set up a hydrogen fueling station dispensing unit and a 9,000 gallon hydrogen tank, along with its hydrogen compression and storage technologies. The company will provide liquid hydrogen to the site from its hydrogen production facility in Sarnia, Ontario (Canada). The 350-bar hydrogen fueling station will have scope for future expansion. SARTA will start fueling buses next month and has plans to expand its fleet to 10 buses over the next two years.
Hydrogen is cost effective, safe, user friendly and eco-friendly alternative to conventional fuels, and SARTA’s new programs will ensure that Stark County and Ohio will be the pioneering centers for a growing and dynamic industry. On the other hand Air Products believes that SARTA is doing commendable work through its efforts to bring zero-emission transportation to Canton and the state of Ohio. The company believes that providing hydrogen fueling for mass transit, will enable in reducing the impact of public transportation on the environment.
AIR PRODS & CHE Price
AIR PRODS & CHE Price | AIR PRODS & CHE Quote
Air Products saw higher profits in the third-quarter fiscal 2016 (ended Jun 30, 2016), backed by restructuring and operational improvements. Adjusted earnings of $1.92 per share for the quarter beat the Zacks Consensus Estimate, while revenues of $2,434.4 million missed the same. The company reported double-digit EPS growth for the eighth consecutive quarter.
Air Products anticipates earnings from continuing operations for fourth-quarter fiscal 2016 to be in the range of $1.91–$2.01 per share. The company also raised the lower end of its fiscal 2016 earnings guidance to the band of $7.45–$7.55 per share from the earlier view of $7.40–$7.55. The company reiterated its estimated capital expenditures of around $1.2 billion for fiscal 2016.
Air Products currently has a Zacks Rank #3 (Hold).
Stock to Consider
Some better-ranked stocks in the chemical space include Innophos Holdings Inc. , Innospec Inc. (IOSP - Free Report) , and The Chemours Company (CC - Free Report) .
Innophos Holdings sports a Zacks Rank #1 (Strong Buy). The company has expected earnings growth of 48.6% for the current year.
Innospec also sports a Zacks Rank #1 and has posted positive earnings surprises in the trailing four quarters.You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours carries Zacks Rank #2 (Buy) and has expected earnings growth of 7.6% for the current year.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>