Air Products and Chemicals (APD) has been a hub of activity in recent times, punctuated by change in leadership, performance evaluation by experts, and the use of innovative technology. The company's Board of Directors appointed
Eduardo F. Menezes as CEO and
Eric Guter as Vice President, Investor Relations. APD's initiative in launching
efficient seafood processing through smart tech solutions impressed, although the company's Q2 profit forecast was weak and faced criticism over questionable capital allocation surrounding clean hydrogen projects.
UBS nevertheless retained a buy rating, while reducing the price target from $395 to $370. A striking progression was the rise of Mantle Ridge, an investment firm, which successfully secured votes for board seats thereby causing a potential leadership shake-up in APD. This activist influence, alongside a string of strong Q1 earnings, displays APD's resilience amidst challenging times. APD is also trailblazing with a power purchase agreement for
solar electricity in Taiwan and testing of Mercedes-Benz Genh2 trucks in a pioneering project with Daimler Truck. However, the company did foresee a potential loss of up to $3.1B choosing to exit three U.S.-based projects.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Fri, 14 Mar 2025 20:01:08 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -5
