Chart Industries, Inc. (GTLS)

$CLNE $HYLN $GTLS Just released Q2 2020 data from the California Air Resources Board (CARB) has confirmed that the energy weighted carbon intensity (CI) value of California’s natural gas vehicle fuel portfolio in the Low Carbon Fuel Standard (LCFS) program was below zero—at -0.85 gCO2e/MJ. This is the first time in the history of the LCFS program that any low carbon fuel portfolio has achieved a carbon negative status.

“Given the large and growing volume of heavy-duty natural gas vehicles already hard at work on California’s roads, this is an extremely significant milestone,” said Todd Campbell, chair of the California Natural Gas Vehicle Partnership (CNGVP) and vice president of public policy and regulatory affairs, Clean Energy. “Both the short- and long-term climate benefits of this achievement are extremely significant. When combined with the fact that most natural gas vehicles recently placed into service are powered by near-zero emission engines, the natural gas vehicle industry is providing the most substantial and cost-effective contributions towards California’s goals to reduce criteria and greenhouse gas emissions while eliminating the use of diesel in favor of renewable, low carbon fuels.”

https://www.globenewswire.com/news-release/2020/11/12/2125837/0/en/California-Natural-Gas-Vehicle-Fuel-Achieves-First-Ever-Carbon-Negative-Milestone.html

Switzerland: Parliament gives impetus to biogas propulsion in freight transport $CNHI $GTLS $HYLN

Currently, only trucks with an electric drive have benefited from an HVF exemption. With the motion that was also adopted by the National Council today after the Council of States, the Federal Council now has to regularly adapt laws and regulations in the field of commercial vehicles to the new technological developments. As a result, other commercial vehicles with alternative drives should benefit from a reduction in the HVF.

This also brings great advantages for trucks that are on the move with #biogas #biomethane or #LBG #BioLNG. This is shown by a small calculation example: A 40-ton truck with an old diesel (Euro 0, 1, 2) has to calculate HVF charges of over CHF 99,000 with an annual mileage of 80,000 kilometers. And even a diesel truck with a modern Euro 6 diesel and thus significantly lower emissions still costs almost 73,000 francs per year. #carbonemissions #decarbonization

https://www.cng-mobility.ch/beitrag/parlament-gibt-schub-fuer-biogas-antrieb-im-gueterverkehr/

A good recap of what is happening in caifornia regarding negative net impact of RNG $clne $gtls $hyln

https://amp-benzinga-com.cdn.ampproject.org/c/s/amp.benzinga.com/amp/content/18691195#.X-xLmd8o014.link

Bought some shares recently at $180 as it was down from$206. I looked at GTLS a few years back when they made some prototype tenders for LNG locomotives and there was a demand for better tank cars to ship oil from some areas where pipelines had not caught up to Fracking oil wells. You can hear Wee Willie Winkie running through the town yelling "Hydrogen, Hydrogen we need it all around". I own quite a bit of APD the largest producer of Hydrogen in the world who is accelerating their capital investments in green and blue hydrogen production. They are also working with Cummins engine to develop tractors that run on fuel cells using hydrogen and plan on converting their 2000 fleet of semi tank trucks. Their are already prototypes out there. In addition need holding tanks for LNG as it is being advanced in many locations. For me this is a long term hold.

Why natural gas mobility makes sense? Ask Elon Musk $HYLN $CLNE $GTLS (thanks TJ, that is probably the most intelligent thing that Musk said in recent years.) "An EV-dominated society likely means elevated energy prices and peak demand hours that could easily overtax national energy grids. Renewable energy sources may also prove insufficient in providing the kind of power necessary — potentially requiring countries to double down on plants reliant on coal, oil, and natural gas if nuclear facilities are not approved. Counter-productive takes like that are often downplayed, however, so industrial giants can continue proclaiming the technology as largely trouble-free."

https://www.thetruthaboutcars.com/2020/12/elon-musk-says-evs-will-double-worlds-need-for-electricity/

I can't understand why estimates for next 5 years are so optimistic:

Revenue from 2015 to 2020:

1.040M
722M
842M
1.084M
1.215M
1.177M

Revenue from 2021 to 2025:

1.315M
1.742M
2.005M
2.293M
2.629M

What will happen to transform a value stock into a growth stock?

Chart Industries Q1 results out today, to the ones skeptical of the LNG wave: "Speaking of LNG, HLNG vehicle tanks continued the “record” streak that began in the fourth quarter of 2020, outpacing prior periods again in the first quarter of 2021 with record sales and orders of $28.3 million, just under last quarter’s record ($29.1 million). This is driven by expanded interest in LNG over the road trucking from customers and geographies as well as growing restrictions on diesel trucking in Europe. Since January 2021, nighttime transit for diesel Euro IV trucks on the Inntal motorway in Austria is not allowed, so LNG trucks allow for business owners to continue to transport goods overnight. For example, OMV Turkey is using LNG trucks (with Chart tanks!) and increasing activity for LNG trucks and buses in locations such as Japan and India" $GTLS $CLNE

Zack’s is providing misinformation, as evidence by the companies own PR. This was an earnings beat:

“Reported diluted earnings per share (“EPS”) of $0.16 and adjusted non-diluted EPS of $0.80 (excluding mark-to-market for strategic equity investments)”

Quite frankly an excellent quarter and telling of a company about to experience tremendous growth over next 5-10 years.

Western Europe is realizing maybe they shouldn't be too reliant on Russian natural gas for their supply (prior to Ukraine conflict, reports indicated 40%). LNG has removed the chains of natural gas being a regional, land locked commodity. With a robust LNG infrastructure, not just European but worldwide, supplies can be more fluid, thereby helping supply dependent countries, and normalizing the price globally, as is the case already for oil. The Russia/Ukraine conflict is bringing this to light. GTLS and other LNG contributors should help the world in this regard through the continued build-out of global LNG infrastructure.