Chart Industries, Inc. - GTLS STOCK NEWS

Chart Industries, NYSE: GTLS, has joined a coalition of 11 companies called Hydrogen Forward, aiming to advance hydrogen development in the U.S. This initiative emphasizes hydrogen's role in decarbonizing energy-intensive industries like transportation and mining. CEO Jillian Evanko noted the company’s long-standing production of hydrogen-related equipment and its applications across various sectors. Hydrogen Forward seeks to promote policies that facilitate energy transition and infrastructure development for hydrogen technologies.

Chart Industries (GTLS) has announced a conference call on February 18, 2021, at 9:30 a.m. ET to discuss its fourth quarter and full year 2020 financial results. The earnings release will be issued prior to market open on the same day. Participants can join by dialing (877) 312-9395 in the U.S. or (970) 315-0456 internationally, using Conference ID 7484415. A replay will be available one hour after the call concludes, with access through the investor relations website.

Chart Industries specializes in high-engineered equipment for the energy and industrial gas markets.

Chart Industries announced its plan to transfer its common stock listing from NASDAQ to the New York Stock Exchange (NYSE) effective February 1, 2021, with the ticker symbol GTLS remaining the same. This transition is expected to enhance the company's visibility and partnerships, especially as four of its top five customers are also NYSE-listed. Chart's CEO expressed enthusiasm for the move, highlighting the benefits of joining a global exchange known for innovation and leadership in clean energy.

Chart Industries (GTLS) has signed a Memorandum of Understanding (MOU) with Matrix Service Company (MTRX) to develop standardized hydrogen solutions in North America. This collaboration aims to enhance hydrogen liquefaction, storage, and fueling infrastructure, leveraging both companies' expertise. Chart reported over $38 million in hydrogen equipment orders in 2020, contributing to a total of $283.6 million in specialty market orders. The partnership focuses on cost-effective and scalable hydrogen solutions, supporting the clean energy transition.

Chart Industries (GTLS) has completed the acquisition of Sustainable Energy Solutions (SES) on December 23, 2020. SES’s Cryogenic Carbon Capture technology significantly reduces fossil fuel emissions while enhancing renewable energy storage. This acquisition integrates SES's technology with Chart's existing equipment, providing a comprehensive solution for carbon capture and energy storage. Effective from year-end 2020, SES's contributions will be reported under the Specialty Products segment, targeting a $4.3 billion market potential across multiple industries, including hydrogen and water treatment.

Chart Industries (GTLS) announced a CAD $20 million investment in HTEC Hydrogen Technology & Energy Corporation, acquiring 15.6% of its capital stock. This investment provides access to hydrogen fuel supply solutions and Canadian projects, aligning with Chart's strategy for clean energy. HTEC’s partnerships include significant customers like Shell and Toyota, enhancing revenue opportunities for Chart. The move supports the anticipated growth in Chart's hydrogen business, targeting a $1.1 billion market by 2023 and recording hydrogen equipment orders of $18.1 million in Q4.

Chart Industries has signed a letter of intent to acquire Sustainable Energy Solutions for $20 million in cash, plus an earn-out, aiming to close the deal within 30 days. SES’s Cryogenic Carbon Capture technology will enhance Chart’s capabilities in the clean energy sector, expanding their total addressable market from $400 million to $600 million. This acquisition will integrate carbon capture with various energy storage solutions and applications, providing comprehensive services to clients. The deal's impact on 2021 guidance is expected to be immaterial.

Chart Industries, Inc. (NASDAQ: GTLS) announced that CEO Jill Evanko received the 2020 Chief Trailblazer Award from S&P Global Platts. This prestigious accolade recognizes exceptional leadership and innovation in the energy sector, with over 300 nominations this year. Judges evaluated Evanko's achievements since January 2019, highlighting her ability to lead amidst challenges and drive the company forward in clean energy. The award reflects her contributions to advancing Chart's position in the industry during a tumultuous year.

Chart Industries, Inc. (NASDAQ: GTLS) announced that its President and CEO, Jill Evanko, has been named the 2020 World LNG Executive of the Year. This prestigious recognition from the World LNG Summit honors individuals for significant contributions to the LNG industry's future. Evanko acknowledged the award as a testament to the entire Chart team’s dedication to advancing the company in the LNG sector. Additionally, Chart was a finalist for the World LNG Award for Outstanding Contribution to the Industry and Energy Transition, showcasing its prominent role in clean energy solutions amid global challenges, including the COVID-19 pandemic.