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.
BASF Offers Basotect EcoBalanced to Reduce Product Carbon Footprint
Read MoreHide Full Article
BASF SE (BASFY - Free Report) recently introduced Basotect EcoBalanced, which helps to minimize the product carbon footprint (PCF) of multiple sound absorption applications in the transportation, building and construction industries.
Basotect EcoBalanced has up to 50% less PCF than the relevant BASF standard grades. It is created in a resource-efficient process that uses 100% green electricity, and the fossil raw materials required to generate it are substituted with renewable feedstock from the start. The renewable feedstock is derived from organic waste and residual biomass and allocated to the Basotect grade using a mass balance approach certified by REDcert and ISCC PLUS. Thus, Basotect EcoBalanced not only helps to reduce the use of fossil resources but also provides transparency to its customers by giving credible PCF data to help them evaluate their own products and meet their sustainability goals.
In addition to the sustainability benefits, Basotect EcoBalanced is a simple drop-in solution that exhibits the same material performance as the corresponding standard grades. Manufacturers of applications such as engine covers, wall and ceiling sound absorbers, HVAC (heating, ventilation, and air-conditioning) parts and air cleaners do not need to modify their current manufacturing methods or invest in new processing lines. Most of these Basotect EcoBalanced applications do not require re-qualification.
Basotect EcoBalanced melamine resin foam has the lowest PCF on the market. This enables clients to take decisive action toward their NetZero goals. At the same time, they may differentiate their products from competitors by providing additional sustainability benefits while also contributing to the decrease of fossil resource usage and greenhouse gas emissions.
Shares of BASFY have gained 1% over the past year against a 3.6% decline of its industry.
Image Source: Zacks Investment Research
BASF’s Rank & Key Picks
BASFY currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Hecla Mining Company (HL - Free Report) and New Gold Inc. (NGD - Free Report) .
Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 191.1% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Hecla Mining, which currently carries a Zacks Rank #1, beat the consensus estimate in three of the trailing four quarters, while missing once. In this time frame, it has delivered an earnings surprise of roughly 50%, on average. HL’s shares have rallied 63.8% over the past year.
New Gold, which currently carries a Zacks Rank #1, beat the consensus estimate in three of the trailing four quarters, while missing once. In this time frame, it has delivered an earnings surprise of roughly 37.5%, on average. NGD’s shares have rallied 142.7% over the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BASF Offers Basotect EcoBalanced to Reduce Product Carbon Footprint
BASF SE (BASFY - Free Report) recently introduced Basotect EcoBalanced, which helps to minimize the product carbon footprint (PCF) of multiple sound absorption applications in the transportation, building and construction industries.
Basotect EcoBalanced has up to 50% less PCF than the relevant BASF standard grades. It is created in a resource-efficient process that uses 100% green electricity, and the fossil raw materials required to generate it are substituted with renewable feedstock from the start. The renewable feedstock is derived from organic waste and residual biomass and allocated to the Basotect grade using a mass balance approach certified by REDcert and ISCC PLUS. Thus, Basotect EcoBalanced not only helps to reduce the use of fossil resources but also provides transparency to its customers by giving credible PCF data to help them evaluate their own products and meet their sustainability goals.
In addition to the sustainability benefits, Basotect EcoBalanced is a simple drop-in solution that exhibits the same material performance as the corresponding standard grades. Manufacturers of applications such as engine covers, wall and ceiling sound absorbers, HVAC (heating, ventilation, and air-conditioning) parts and air cleaners do not need to modify their current manufacturing methods or invest in new processing lines. Most of these Basotect EcoBalanced applications do not require re-qualification.
Basotect EcoBalanced melamine resin foam has the lowest PCF on the market. This enables clients to take decisive action toward their NetZero goals. At the same time, they may differentiate their products from competitors by providing additional sustainability benefits while also contributing to the decrease of fossil resource usage and greenhouse gas emissions.
Shares of BASFY have gained 1% over the past year against a 3.6% decline of its industry.
Image Source: Zacks Investment Research
BASF’s Rank & Key Picks
BASFY currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Hecla Mining Company (HL - Free Report) and New Gold Inc. (NGD - Free Report) .
Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 191.1% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Hecla Mining, which currently carries a Zacks Rank #1, beat the consensus estimate in three of the trailing four quarters, while missing once. In this time frame, it has delivered an earnings surprise of roughly 50%, on average. HL’s shares have rallied 63.8% over the past year.
New Gold, which currently carries a Zacks Rank #1, beat the consensus estimate in three of the trailing four quarters, while missing once. In this time frame, it has delivered an earnings surprise of roughly 37.5%, on average. NGD’s shares have rallied 142.7% over the past year.