Air Products and Chemicals shares are trading higher after the company announced that it signed a 15-year agreement with TotalEnergies for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030.
Portfolio Pulse from Benzinga Newsdesk
Air Products and Chemicals shares are trading higher after the company announced a 15-year agreement with TotalEnergies for the annual supply of 70,000 tons of green hydrogen in Europe starting in 2030.
June 07, 2024 | 5:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Air Products and Chemicals shares are trading higher after the company announced a 15-year agreement with TotalEnergies for the annual supply of 70,000 tons of green hydrogen in Europe starting in 2030.
The long-term agreement with TotalEnergies for green hydrogen supply is a significant positive development for Air Products and Chemicals. It positions the company as a key player in the green energy sector, likely boosting investor confidence and driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100