Honeywell plans to acquire Air Products'
Liquified Natural Gas business under a $1.8B deal. This diversification may be due to worrisome returns on capital and a 4.3% drop in Air Products and Chemicals, Inc.
stock over the year. A new management board formation and Deutsche Bank's resulting downgrade of the company's stock also happen coincidentally as the company's COO quits. However, Air Products appear to have a strong presence in the
Hydrogen sector with funding to build two large-scale refuelling stations, a deal with TotalEnergies for the production of
green hydrogen, and its Membrane Solutions expanding its manufacturing and logistics center. Despite economic headwinds, the company reports solid earnings growth and robust EPS growth. There are some concerns though as Analysts note that strong profits might be camouflaging underlying issues. A move towards
Hydrogen is viewed as forward-looking, yet risky by some. Saudi Aramco has announced it is buying a 50% stake in Air Products' blue hydrogen business highlighting the industry's need to embrace
clean technology.
Air Products Chemicals APD News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Thu, 25 Jul 2024 14:05:43 GMT -
Rating -3
- Innovation 5
- Information 7
- Rumor -2
