Chart Industries' Shares Popped: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of industrial gases producer Chart Industries (NAS: GTLS) inflated as much as 11.2% today on above-average trading volume.
So what: CEO Sam Thomas and CFO Michael Biehl obviously rocked the house in their recent presentation at the Barclays energy conference in New York. In that spiel, management highlighted Chart's market opportunity in handling liquid natural gas, which just happens to be a hot topic today.
Now what: According to the presentation, liquid natural gas infrastructure will attract some $720 billion of facilities investment between now and 2035; Chart claims to be a leader in the field. Of course, smaller rival Matrix Service (NAS: MTRX) and industry giant Praxair (NYS: PX) might have something to say about that. Then again, a market that gigantic has room for several success stories -- and all three of these gas experts are well-respected in our CAPS community.
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At the time this article was published
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