FuelCell Energy Inc (FCEL)

[Hoghead7]

Chart Industries (GTLS)

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A champion for sustainable a sustainable future, Chart Industries (NYSE:GTLS) is a leader in engineered services for clean energy.

Chart Industries’ main cryo tank solutions and heat transfer systems segments play a big role in the hydrogen market. The solutions provide storage, distribution, and application solutions for various hydrocarbons and industrial gases and supply equipment for hydrocarbon and gas separation, liquefaction, and purification.

Newsweek recognizes Chart Industry’s commitment to ESG and social responsibility, earning it a spot in the periodical’s list of America’s most responsible companies in 2024.

GTLS reported strong full-year results for 2023. Sales reached $3.35 billion, representing a near 108% growth from the $1.61 billion it reported in fiscal year 2022. Net income attributable to the company also accelerated from $24 million to $47.3 million in fiscal year 2023.

Furthermore, Chart Industries reported accelerated spending in 2023 due to acquisitions and integrations. However, its recent integration with Howden helped the company exceed its cost synergy and achieve its commercial targets ahead of schedule.

For 2024, Chart Industries expects total sales growth of 28% to 37% and adjusted EBITDA growth of 52% to 68%. Its impressive growth numbers and optimistic outlook show the company has more than enough room for growth for value-hungry investors.

Chart & FCE
https://s21.q4cdn.com/256256048/files/doc_news/FuelCell-Energy-and-Chart-Industries-to-Collaborate-on-Decarbonization-and-Hydrogen-Technologies-2023.pdf

https://www.chartindustries.com/News-And-Events/FuelCell-Energy-collaboration