Chart Industries, Inc. has secured a new contract to provide its IPSMR technology to Argent LNG for a 20 MTPA LNG facility in Port Fourchon, LA. Argent is known for its LNG services and is focused on innovation and environmental care. The IPSMR technology from Chart Industries helps enhance efficiency in liquefaction systems and reduce operational costs. It is modular, allowing for customization and adaptability. This new contract is expected to cater to the growing demand for LNG-related services.
Currently, Chart Industries holds a Zacks Rank #3 (Hold), with a 5.3% stock gain year-to-date. Other companies in the Industrial Products sector that are performing well include Applied Industrial Technologies, Belden Inc., and Crane Company. Applied Industrial Technologies has a Zacks Rank #2 (Buy) with an 8.2% average earnings surprise and an 11.8% stock gain year-to-date. Belden Inc. also has a Zacks Rank of 2 with a 14.7% earnings surprise and a 19.2% stock gain, while Crane Company, with a Zacks Rank of 2, has a 15.2% earnings surprise and a 22.5% stock gain. These companies are worth considering for investors looking for growth opportunities in the Industrial Products sector.
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