Air Products and Chemicals, Inc. (APD) has garnered significant investor interest off late. The firm's stock soared higher due to different strategic developments like the
$1.81 billion sale of its Liquefied Natural Gas Process Technology and Equipment Business to
Honeywell. Buoyed by regulation changes and increasing demand for liquefied natural gas, this deal is a strategic shift for the firm.
Mantle Ridge and
D.E. Shaw's heavyweight backing as activists has sparked changes at the executive level, which further led to a bullish trend for the stock.
Slow Capital Inc., Woodstock Corp, and others have increased their holdings in APD, reflecting confidence in the company's prospects. Moreover, the company's earnings continue to beat estimates and it's experiencing a rise in its Q3 contributions. Following its strong earnings and the anticipated solar electricity agreement with
Tatung Forever Energy in Taiwan, the APD's price target was raised multiple times. Activists believe in APD’s potential to dominate the surging hydrogen market and commend its strategic insight. However, speculations around the anticipated overhaul of APD's board and restrictions on capex keep the investors on their toes.
Air Products Chemicals APD News Analytics from Wed, 13 Mar 2024 02:47:39 GMT to Sat, 19 Oct 2024 14:02:07 GMT -
Rating 8.5
- Innovation -1.5
- Information 7
- Rumor -3.5
