Air Products and Chemicals (APD) has been in the limelight lately due to a variety of reasons. Investment groups including
D.E. Shaw and Mantle Ridge has been vocal about their demand for overhauling of the APD board citing years of underperformance, and a need for a change in leadership. Amidst this pressure,
APD has managed to deliver promising financial results for Q3 and Q4, surpassing estimates and showcasing strong EPS growth. APD has also drawn investors' attention with its strategic move into
hydrogen fuel market, partnering with TotalEnergies and Daimler Truck, and executing a
Power Purchase Agreement for solar electricity in Taiwan. Furthermore, APD has made significant strides in Sustainability publishing its
2024 Sustainability Report, also completing $1.81 Billion Sale of its
Liquefied Natural Gas Process Technology and equipment business to Honeywell. Despite the slight turbulence due to internal pressures, Air Products stock has been on a steady incline reaching a 52-week high and is perceived as holding potential for further upside.
Air Products Chemicals APD News Analytics from Wed, 13 Mar 2024 02:47:39 GMT to Fri, 03 Jan 2025 13:02:00 GMT -
Rating 8
- Innovation 6
- Rumor 2
