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.
Cabot Picked for Development of Low-Cobalt Cathodes by US DOE
Read MoreHide Full Article
Cabot Corporation (CBT - Free Report) has been chosen by the U.S. Department of Energy (DOE) to take part in an $80-million investment in advanced vehicle technologies research. Notably, the company will contribute to the research and development of low-cobalt active cathode formulations for next-generation lithium-ion batteries.
In the future, cobalt could pose a supply risk. It is an expensive, foreign-sourced critical material. Cabot’s research projects are focused on exploring sustainable, affordable options as well as improving access to electric vehicle technology.
Cabot will leverage its battery materials manufacturing expertise to expand footprint in the batteries and energy materials market to drive innovation for next-gen batteries. This will also enable the production of low-cost, sustainable batteries.
The DOE is investing in several projects to support advanced vehicle technologies that can enable affordable mobility, reduce dependence on foreign sourced critical materials, strengthen domestic energy security, and enhance U.S. economic growth. Out of the $80-million investment, around $32 million has been allocated for battery and electrification, which includes $2.9 million for research of aerosol manufacturing technology for low-cobalt lithium-ion battery cathodes.
Cabot will partner with Argonne National Lab and SAFT for this project. Argonne will help in the synthesis of low-Cobalt cathode compositions, while SAFT will support the manufacture of batteries to validate performance of low-cobalt cathode formulations.
In a year’s time, shares of Cabot have lost around 2.7% against the industry’s decline of 12.3%.
Cabot, during its fiscal third-quarter call, said that it expects its Reinforcement Materials segment to maintain its strong performance in the fiscal fourth quarter on solid operational and commercial execution. For the Performance Chemicals segment, it expects to maintain margins while driving volume growth at specialty Carbons and Formulations.
The company is taking appropriate pricing actions to offset feedstock cost inflation. It is also committed toward driving product mix at Performance Chemicals through the launch of products and applications. Cabot is also expanding its global capacity by more than 300,000 metric tons through a combination of operational improvements, plant expansion and debottlenecking projects.
A few other top-ranked companies in the basic materials space are Air Products and Chemicals, Inc. (APD - Free Report) , Methanex Corporation (MEOH - Free Report) and Nucor Corporation (NUE - Free Report) .
Air Products has an expected long-term earnings growth rate of 13.3% and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 4.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex has an expected long-term earnings growth rate of 15% and a Zacks Rank #1. Its shares have rallied 50.8% in a year’s time.
Nucor has an expected long-term earnings growth rate of 12% and a Zacks Rank #2. The company’s shares have risen 6.3% in the past year.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Cabot Picked for Development of Low-Cobalt Cathodes by US DOE
Cabot Corporation (CBT - Free Report) has been chosen by the U.S. Department of Energy (DOE) to take part in an $80-million investment in advanced vehicle technologies research. Notably, the company will contribute to the research and development of low-cobalt active cathode formulations for next-generation lithium-ion batteries.
In the future, cobalt could pose a supply risk. It is an expensive, foreign-sourced critical material. Cabot’s research projects are focused on exploring sustainable, affordable options as well as improving access to electric vehicle technology.
Cabot will leverage its battery materials manufacturing expertise to expand footprint in the batteries and energy materials market to drive innovation for next-gen batteries. This will also enable the production of low-cost, sustainable batteries.
The DOE is investing in several projects to support advanced vehicle technologies that can enable affordable mobility, reduce dependence on foreign sourced critical materials, strengthen domestic energy security, and enhance U.S. economic growth. Out of the $80-million investment, around $32 million has been allocated for battery and electrification, which includes $2.9 million for research of aerosol manufacturing technology for low-cobalt lithium-ion battery cathodes.
Cabot will partner with Argonne National Lab and SAFT for this project. Argonne will help in the synthesis of low-Cobalt cathode compositions, while SAFT will support the manufacture of batteries to validate performance of low-cobalt cathode formulations.
In a year’s time, shares of Cabot have lost around 2.7% against the industry’s decline of 12.3%.
Cabot, during its fiscal third-quarter call, said that it expects its Reinforcement Materials segment to maintain its strong performance in the fiscal fourth quarter on solid operational and commercial execution. For the Performance Chemicals segment, it expects to maintain margins while driving volume growth at specialty Carbons and Formulations.
The company is taking appropriate pricing actions to offset feedstock cost inflation. It is also committed toward driving product mix at Performance Chemicals through the launch of products and applications. Cabot is also expanding its global capacity by more than 300,000 metric tons through a combination of operational improvements, plant expansion and debottlenecking projects.
Cabot Corporation Price and Consensus
Cabot Corporation Price and Consensus | Cabot Corporation Quote
Zacks Rank & Other Stocks to Consider
Cabot is a Zacks Rank #2 (Buy) stock.
A few other top-ranked companies in the basic materials space are Air Products and Chemicals, Inc. (APD - Free Report) , Methanex Corporation (MEOH - Free Report) and Nucor Corporation (NUE - Free Report) .
Air Products has an expected long-term earnings growth rate of 13.3% and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 4.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex has an expected long-term earnings growth rate of 15% and a Zacks Rank #1. Its shares have rallied 50.8% in a year’s time.
Nucor has an expected long-term earnings growth rate of 12% and a Zacks Rank #2. The company’s shares have risen 6.3% in the past year.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>