Arkema S.A. ARKAY has signed a brand new eight-year cope with ENGIE to ship biomethane to numerous Bostik vegetation in France, persevering with its transition to a extra sustainable industrial mannequin.
This 25 GWh/yr deal will cowl roughly 85% of the yearly gasoline utilization of 4 Bostik amenities in France (Coubert, Privas, Ribécourt and Venette), representing a big step ahead in decarbonizing the corporate’s power provide. This new settlement aligns with the long-term contract signed with ENGIE in early 2023 for the annual provide of 300 GWh of biomethane in France.
This contract represents a big development in Arkema’s power transition, demonstrating the corporate’s dedication to actively lowering its carbon footprint and serving to its prospects on their very own path to decarbonization.
Arkema’s portfolio of first-class options addresses the ever-increasing demand for novel and sustainable supplies, drawing on its distinctive mixture of supplies science information.
Shares of Arkema have misplaced 23.2% over the previous yr in contrast with a 16.5% decline of its industry.
Picture Supply: Zacks Funding Analysis
ARKAY’s Rank & Key Picks
ARKAY presently carries a Zacks Rank #4 (Promote).
Some better-ranked shares within the fundamental supplies area are Carpenter Expertise Company CRS, CSW Industrials Inc. CSWI and Axalta Coating Methods Ltd. AXTA
Carpenter Expertise presently carries a Zacks Rank #2 (Purchase). CRS beat the Zacks Consensus Estimate in every of the final 4 quarters, with the common earnings shock being 15.7%. The corporate’s shares have soared 169.6% prior to now yr. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for CSW Industrials’ present fiscal-year earnings is pegged at $8.50. CSWI, carrying a Zacks Rank #2, surpassed the Zacks Consensus Estimate in every of the trailing 4 quarters, with the common earnings shock being 10.1%. The corporate’s shares have rallied 28.4% prior to now yr.
Axalta Coating Methods, which presently carries a Zacks Rank #1, beat the consensus estimate in every of the trailing 4 quarters. On this time-frame, it delivered an earnings shock of roughly 16.3%, on common. AXTA’s shares have gained 1.2% over the previous yr.
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Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Arkema SA (ARKAY) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
CSW Industrials, Inc. (CSWI) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
