Investors should keep a watch on this cryogenic equipment maker that has a bigger revenue opportunity than previously expected.
It's time to buy Chart Industries as the clean energy play gathers momentum, Stifel said. Analyst Benjamin Nolan has a buy rating on the maker of cryogenic equipment for hydrogen and other industrial gases. His $224 price target implies 68% upside from Wednesday's close of $132.91 per share. Chart Industries shares are already 15% higher this year.
mountain Chart Industries shares 1-day Those bullish comments are partly driven by Chart Industries' recent acquisition of Howden , a maker of air and gas products, earlier this year. Chart was expected to realize $175 million in cost savings and $150 million in commercial ordering synergies within the first year of the acquisition, according to the note. Instead, it reached $73.8 million in cost savings and $33.6 million in commercial ordering synergies within the first three months.
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