LyondellBasell Industries N.V. Cl A (LYB) continues to make significant moves in the market, recently outperforming other stocks on a solid trading day. A neutral recommendation still holds place for the company from Citigroup, and investors are being urged to consider buying stocks from the company. Interestingly, it is predicted that LYB will be among the top materials stocks to be purchased in 2024.
Impressive plans have been announced by LYB, such as the decision to acquire Mepol group and forming a joint venture for the building of a plastic waste sorting and recycling facility. Furthermore, there have been several earning notifications along with discussions related to their first quarter. Also in place are renewable energy power purchase agreements.
One significant event is the proposed partnership with Grenergy, aimed at signing five 15-year solar power purchase agreements. Additionally, LYB and Genox Recycling are planning to establish a plastics recycling joint venture. Despite the positive news, LYB's stocks fell one Wednesday, underperforming the market.
Lyondellbasell Industries N v Class A LYB News Analytics from Tue, 01 Apr 2014 07:00:00 GMT to Tue, 07 May 2024 21:01:00 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -2
