Chart Industries’ IPSMR Technology Takes LNG Facility to 20 MTPA, and Applied Industrial Technologies, Belden Inc., and Crane Company are Leaders in the Industrial Products Sector
Chart Industries, Inc. (NYSE:GTLS) recently announced a contract with Argent LNG to provide its mid-scale modular liquefaction solution, IPSMR process technology, for a 20 MTPA LNG facility in Port Fourchon, LA. The IPSMR technology from Chart Industries enhances efficiency and performance in liquefaction systems, optimizing resource utilization and reducing operational costs with its modular design that allows for customization and adaptability to various site conditions and gas turbine power specifications. This technology will enable Ardent to meet the growing demand for LNG-related services in the market.
Chart Industries currently holds a Zacks Rank of #3 (Hold). In the year-to-date period, GTLS stock has seen a 5.3% increase compared to the industry’s 1.9% rise. This outperformance can be attributed to the company’s strong financials and growth prospects. The Industrial Products sector is seeing positive growth, with some better-performing companies such as Applied Industrial Technologies, Inc., Belden Inc., and Crane Company leading the way.
Applied Industrial Technologies, Inc., with a Zacks Rank of #2 (Buy), has shown a trailing four-quarter average earnings surprise of 8.2%, while Belden Inc., also holding a Zacks Rank of 2, has delivered a trailing four-quarter earnings surprise of 14.7%. Crane Company, with a Zacks Rank of 2, has an average trailing four-quarter earnings surprise of 15.2%. These companies have shown positive growth and performance in the year-to-date period and are worth considering for investment opportunities due to their strong financials and growth prospects.
