Added to YB: 2024-07-11
Pitch date: 2024-07-08
APD [bullish]
Air Products and Chemicals, Inc.
-1.41%
current return
Author Info
No bio for this author
Company Info
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.
Market Cap
$54.3B
Pitch Price
$246.48
Price Target
N/A
Dividend
2.94%
EV/EBITDA
48.01
P/E
-140.07
EV/Sales
6.08
Sector
Chemicals
Category
growth
ClearBridge Large Cap Value Strategy Added On Position: Air Products and Chemicals, Inc.
APD: 15yr deal to supply TotalEnergies 70k tons/yr green H2 from 2030, avoiding 700k tons CO2/yr. Represents 1/3 of Neom project capacity. Execution on large H2 backlog for heavy industry decarbonization. More deals likely. Double-digit returns expected for Neom if similar economics. Position increased.
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