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DOW Launches a Range of Reduced Carbon Caustic Soda Products
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Dow Inc. (DOW - Free Report) recently introduced two caustic soda products, Caustic DEC and TRACELIGHT DEC, as part of its Decarbia portfolio of reduced-carbon solutions, with up to 90% less CO2.
This electrolysis production process, which is powered by renewable energy, helps reduce DOW customers' Scope 3 emissions, thereby supporting their sustainability goals while maintaining the same product quality. The International Sustainability and Carbon Certification (ISCC) PLUS auditing program, which employs a mass balance approach, has also certified the electrolysis process.
This year, Dow's caustic soda production plants in Stade and Schkopau, Germany, received ISCC PLUS third-party certification. Customers can now benefit from high-quality caustic soda solutions with externally verified sustainability benefits for a wide range of industrial and food applications.
As one of Europe's largest producers of caustic soda, decarbonizing DOW’s product portfolio is a significant step toward a more sustainable future, as caustic soda is used in a wide range of end applications. Customers will continue to benefit from the same high-quality products with a lower carbon footprint with its latest range of renewable power-enabled solutions, the company noted.
Shares of DOW have lost 0.6% over the past year against a 15.2% decline of its industry.
Image Source: Zacks Investment Research
Dow, on its third-quarter call, said that it remains focused on operational and financial discipline as it navigates challenging market conditions. It expects to benefit from rising oil prices that favor its cost-advantaged asset footprint.
The company continues to implement targeted actions to deliver $1 billion in cost savings this year. It also remains committed to its disciplined and balanced capital allocation priorities. DOW expects its Decarbonize and Grow and Transform the Waste strategies to generate more than $3 billion in underlying earnings, lower greenhouse gas emissions by 5 million metric tons and commercialize 3 million metric tons of circular and renewable solutions annually by 2030.
Better-ranked stocks in the basic materials space include Denison Mines Corp. (DNN - Free Report) , Axalta Coating Systems Ltd. (AXTA - Free Report) and The Andersons Inc. (ANDE - Free Report) .
Denison Mines has a projected earnings growth rate of 100% for the current year. It currently carries a Zacks Rank #1 (Strong Buy). DNN delivered a trailing four-quarter earnings surprise of roughly 225%, on average. The stock is up around 56.4% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently carries a Zacks Rank #1. AXTA delivered a trailing four-quarter earnings surprise of roughly 6.7%, on average. The stock is up around 27.9% in a year.
Andersons currently carries a Zacks Rank #2 (Buy). The stock has gained roughly 49.8% in the past year. ANDE beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average.
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DOW Launches a Range of Reduced Carbon Caustic Soda Products
Dow Inc. (DOW - Free Report) recently introduced two caustic soda products, Caustic DEC and TRACELIGHT DEC, as part of its Decarbia portfolio of reduced-carbon solutions, with up to 90% less CO2.
This electrolysis production process, which is powered by renewable energy, helps reduce DOW customers' Scope 3 emissions, thereby supporting their sustainability goals while maintaining the same product quality. The International Sustainability and Carbon Certification (ISCC) PLUS auditing program, which employs a mass balance approach, has also certified the electrolysis process.
This year, Dow's caustic soda production plants in Stade and Schkopau, Germany, received ISCC PLUS third-party certification. Customers can now benefit from high-quality caustic soda solutions with externally verified sustainability benefits for a wide range of industrial and food applications.
As one of Europe's largest producers of caustic soda, decarbonizing DOW’s product portfolio is a significant step toward a more sustainable future, as caustic soda is used in a wide range of end applications. Customers will continue to benefit from the same high-quality products with a lower carbon footprint with its latest range of renewable power-enabled solutions, the company noted.
Shares of DOW have lost 0.6% over the past year against a 15.2% decline of its industry.
Image Source: Zacks Investment Research
Dow, on its third-quarter call, said that it remains focused on operational and financial discipline as it navigates challenging market conditions. It expects to benefit from rising oil prices that favor its cost-advantaged asset footprint.
The company continues to implement targeted actions to deliver $1 billion in cost savings this year. It also remains committed to its disciplined and balanced capital allocation priorities. DOW expects its Decarbonize and Grow and Transform the Waste strategies to generate more than $3 billion in underlying earnings, lower greenhouse gas emissions by 5 million metric tons and commercialize 3 million metric tons of circular and renewable solutions annually by 2030.
Dow Inc. Price and Consensus
Dow Inc. price-consensus-chart | Dow Inc. Quote
Zacks Rank & Key Picks
DOW currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Denison Mines Corp. (DNN - Free Report) , Axalta Coating Systems Ltd. (AXTA - Free Report) and The Andersons Inc. (ANDE - Free Report) .
Denison Mines has a projected earnings growth rate of 100% for the current year. It currently carries a Zacks Rank #1 (Strong Buy). DNN delivered a trailing four-quarter earnings surprise of roughly 225%, on average. The stock is up around 56.4% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently carries a Zacks Rank #1. AXTA delivered a trailing four-quarter earnings surprise of roughly 6.7%, on average. The stock is up around 27.9% in a year.
Andersons currently carries a Zacks Rank #2 (Buy). The stock has gained roughly 49.8% in the past year. ANDE beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average.