Why Growth Stock Chart Industries Is Skyrocketing Today
Shares of Chart Industries (NYSE: GTLS) skyrocketed this morning and were trading 14% higher as of 10 a.m. ET. The stock hit a high of 19.6% within minutes of the market's opening Wednesday.
Chart Industries stock has been under a bit of pressure so far in 2024. However, today's announcement has given investors a fresh reason to bet on the growth stock that has generated nearly 160% returns in just the past four years as of this writing.
Chart Industries is firing on all cylinders -- that's the key takeaway from the fourth-quarter and full-year 2023 numbers the company announced this morning. Chart Industries designs and manufactures equipment such as cryogenic tanks and heat transfer systems for the energy sector, which includes oil and gas, hydrogen, biogas, and carbon capture markets. And it is getting record orders for its equipment and services.
Source Fool.com
