Chart Industries (GTLS)
was already looking at a stronger 2018, as recoveries in the oil/gas
and industrial gas markets started pushing more and more orders into the
company’s backlog. On top of that, the company stands to benefit from
the ongoing integration of Hudson and the expansion of its service
operations. Even with a good outlook heading into 2018, Chart’s first
quarter results were stronger than expected, giving another boost to a
story that already had some good momentum. While I believe it is still
hard to argue that Chart is significantly undervalued, better than
expected financial performance can certainly raise the bar and I expect
to see strong reported results for a couple more quarters (at least).
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Rebounding Petrochemical Demand Heating Up Chart Industries
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