Why Air Products And Chemicals Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Air Products and Chemicals, Inc. (NYSE:APD) shares are trading higher after signing a 15-year agreement with TotalEnergies SE (NYSE:TTE) to supply 70,000 tons of green hydrogen annually in Europe starting in 2030. This deal supports TotalEnergies' goal of reducing net greenhouse gas emissions by 40% by 2030. Additionally, Air Products has committed over $15 billion to energy transition projects and signed a memorandum of understanding with TotalEnergies for renewable power supply.
June 07, 2024 | 3:27 pm
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POSITIVE IMPACT
Air Products and Chemicals, Inc. (NYSE:APD) shares are up 3.66% following a 15-year agreement with TotalEnergies to supply green hydrogen, supporting TotalEnergies' emission reduction goals and validating Air Products' long-term strategy in clean hydrogen.
The 15-year agreement with TotalEnergies to supply green hydrogen significantly boosts Air Products' market position and validates its long-term strategy. The immediate positive market reaction (3.66% increase) indicates strong investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Air Products through the IShares Energy Storage & Materials ETF (NASDAQ:IBAT), which may benefit from the positive market reaction to Air Products' new green hydrogen deal.
The positive market reaction to Air Products' green hydrogen deal could benefit the IShares Energy Storage & Materials ETF, which includes APD in its portfolio.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Investors can gain exposure to Air Products through the IShares U.S. Basic Materials ETF (NYSE:IYM), which may benefit from the positive market reaction to Air Products' new green hydrogen deal.
The positive market reaction to Air Products' green hydrogen deal could benefit the IShares U.S. Basic Materials ETF, which includes APD in its portfolio.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
TotalEnergies SE (NYSE:TTE) has signed a 15-year agreement with Air Products to receive 70,000 tons of green hydrogen annually, aiding its goal to reduce greenhouse gas emissions by 40% by 2030.
The agreement with Air Products to supply green hydrogen aligns with TotalEnergies' emission reduction goals, enhancing its sustainability profile and potentially attracting environmentally conscious investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80