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.
Air Products Expands NASA Partnership With $140M Contracts
Read MoreHide Full Article
Key Takeaways
APD secured NASA contracts worth over $140M to supply liquid hydrogen to multiple U.S. space facilities.
APD to supply 36.5M lbs of liquid hydrogen for four NASA sites.
Air Products has served NASA since 1957; new contracts extend the tie-up without changing its business mix.
Air Products and Chemicals, Inc. (APD - Free Report) has secured new contracts valued at more than $140 million from the National Aeronautics and Space Administration ("NASA") to supply liquid hydrogen to several key NASA facilities, reinforcing its role as a long-standing industrial gas supplier to the nation’s space program.
The agreements cover the delivery of roughly 36.5 million pounds of liquid hydrogen for NASA's Kennedy Space Center in Florida, Cape Canaveral Space Force Station, Marshall Space Flight Center in Alabama and Stennis Space Center in Mississippi. Liquid hydrogen is a critical cryogenic fuel used in combination with liquid oxygen to power launch vehicles and ground tests.
Air Products noted that it has worked with NASA since 1957, supplying hydrogen and related services for programs spanning early missions to current Artemis II exploration efforts. The contracts extend this ongoing partnership and provide reliable fuel logistics for NASA’s launch infrastructure without materially changing the company’s broader business mix.
Shares of APD are down 19.4% in the past year compared with the industry’s 20.8% decline.
The Zacks Consensus Estimate for ALB’s current fiscal-year loss stands at 90 cents per share, implying a 62% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with the average surprise being 35.3%.
The Zacks Consensus Estimate for LXU’s current fiscal-year earnings is pegged at 36 cents per share, indicating a 57% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing twice, with the average surprise being 141.3%.
The Zacks Consensus Estimate for MEOH’s current fiscal-year earnings is pegged at $3.17 per share. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with the average surprise being 17.4%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Air Products Expands NASA Partnership With $140M Contracts
Key Takeaways
Air Products and Chemicals, Inc. (APD - Free Report) has secured new contracts valued at more than $140 million from the National Aeronautics and Space Administration ("NASA") to supply liquid hydrogen to several key NASA facilities, reinforcing its role as a long-standing industrial gas supplier to the nation’s space program.
The agreements cover the delivery of roughly 36.5 million pounds of liquid hydrogen for NASA's Kennedy Space Center in Florida, Cape Canaveral Space Force Station, Marshall Space Flight Center in Alabama and Stennis Space Center in Mississippi. Liquid hydrogen is a critical cryogenic fuel used in combination with liquid oxygen to power launch vehicles and ground tests.
Air Products noted that it has worked with NASA since 1957, supplying hydrogen and related services for programs spanning early missions to current Artemis II exploration efforts. The contracts extend this ongoing partnership and provide reliable fuel logistics for NASA’s launch infrastructure without materially changing the company’s broader business mix.
Shares of APD are down 19.4% in the past year compared with the industry’s 20.8% decline.
APD’s Zacks Rank & Key Picks
APD currently carries a Zacks Rank of #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Albemarle Corporation (ALB - Free Report) , LSB Industries (LXU - Free Report) , and Methanex Corporation (MEOH - Free Report) . ALB and LXU sport a Zacks Rank of #1 (Strong Buy), while MEOH has a Zacks Rank of #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ALB’s current fiscal-year loss stands at 90 cents per share, implying a 62% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with the average surprise being 35.3%.
The Zacks Consensus Estimate for LXU’s current fiscal-year earnings is pegged at 36 cents per share, indicating a 57% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing twice, with the average surprise being 141.3%.
The Zacks Consensus Estimate for MEOH’s current fiscal-year earnings is pegged at $3.17 per share. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with the average surprise being 17.4%.