When I last wrote about Chart Industries (GTLS),
one of concerns about the company's high-flying valuation was that
there was a real risk of disappointment if the rollout of LNG vehicle
fuel infrastructure hit any bumps in China or the U.S.. That is exactly
what's happening, and the consequences for Chart's stock price have not
been pretty.
Chart's ability to manage large-scale Energy and
Chemical (E&C) projects need to improve, but a lot of what will
drive this company/stock is outside of management control - truck
builders, fueling station builders, and LNG liquefaction facility
builders seem stuck in a cycle of "no, you first". I do believe that LNG
as a vehicle fuel makes too much sense not to happen and that Chart
Industries shares hold some appeal now for long-term investors, but the
stock really needs better reported order growth to get moving upwards
again.
Continue reading here:
The Realities Of The LNG Market Weigh On Chart Industries
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