Get a deeper insight into the potential performance of Air Products and Chemicals (APD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Air Products is a low-risk, cash-generating business that will benefit from soaring demand for clean hydrogen. Hydrogen is increasingly being adopted in industrial processes, the energy industry and transportation due to the decarbonisation drive. Air Products has a stable, long-term contracted core business but has been increasingly assuming development risk with its hydrogen projects.
Air Products and Chemicals (APD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hedge fund D.E. Shaw shifted course in its campaign for change at industrial gases company Air Products and Chemicals and is now supporting a rival activist's efforts instead of pressing ahead with its own board challenge, sources familiar with the matter said on Thursday.
A growing controversy over the ESG-driven capital allocation strategies of industrial gas provider Air Products illustrates the sorts of challenges so many American companies face related to the energy transition. Management at Air Products has come under fire from major investors in recent weeks due largely to the heavy, high-risk investments it has made in green hydrogen, which is classified as hydrogen manufactured in an electrolysis process using zero-carbon power generation sources only.
Both activists want to address CEO succession planning and capital allocation at the company.
Air Products and Chemicals (APD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Multi-strategy hedge fund D.E. Shaw nominated three directors to Air Products and Chemical's board, and is pushing for the company to return to historically successful business practices.
CNBC's David Faber delivers his latest Faber Report.
Air Products and Chemicals (APD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Air Products & Chemicals (APD, Financial) shares surged by 7.93% recently following the news of a significant activist investment. Mantle Ridge, an investment firm, has acquired over $1 billion in shares and plans to advocate for strategic changes at the company.
An activist investor has taken a stake in the industrial gases company.