Chart Industries, Inc.
GTLSChart Industries, Inc. (GTLS) is a global leader in the design, manufacturing, and service of highly engineered equipment for the storage, transport, and distribution of cryogenic and hydrocarbon processing products. Founded in 1992 and headquartered in Ball Ground, Georgia, the company serves various industries including energy, space, and health sciences, providing solutions such as cryogenic tanks, heat exchangers, and process systems.
Company News
The global cryogenic equipment market is expected to grow from $14.74 billion in 2025 to $22.96 billion by 2030, at a CAGR of 9.3%. Growth is driven by the transition to clean energy, increased LNG infrastructure investments, and rising demand in Asia Pacific, particularly in China and India. The metallurgy segment is expected to dominate, while ...
Baker Hughes priced a $6.5 billion U.S. dollar and €3 billion euro debt offering consisting of senior unsecured notes across multiple tranches with maturities ranging from 2029 to 2056. The company intends to use net proceeds to fund a portion of the cash consideration for its proposed acquisition of Chart Industries, Inc. The offerings are exp...
No Street Capital sold 265,000 shares of Chart Industries (worth ~$53.7 million) in Q4 2025, reducing its stake despite the company achieving $1.01 billion in adjusted EBITDA. The sale likely reflects portfolio rebalancing toward higher-growth tech and consumer names, as Chart's 9% annual return underperforms the S&P 500's 17% gain. The pending B...
Paradice Investment Management fully exited its Chart Industries position, selling 58,813 shares worth $11.77 million in Q4. Chart Industries is being acquired by Baker Hughes at $210 per share, with closing expected mid-2026. Despite strong operational performance—record Q3 orders of $1.68 billion and $6.05 billion backlog—the stock now trad...
Connecticut-based Iridian Asset Management sold 23,051 shares of Chart Industries (worth $4.67 million) in Q4, reducing its position from 2.3% to 0.48% of AUM. The sale reflects capital discipline given Chart Industries' pending acquisition by Baker Hughes at $210 per share, which caps the stock's upside potential. Despite strong operational perf...
