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KBR's K-GreeN Technology Chosen by OCIOR Energy in India
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KBR, Inc. (KBR - Free Report) has inked a deal with OCIOR Energy to provide its K-GreeN technology for the latter’s plant located in Odisha's Gopalpur region, India. This marks the 10th KBR-licensed green ammonia plant globally and the first in India.
Per the deal, KBR’s Sustainable Technology Solutions unit will provide a technology license, proprietary engineering design, equipment, and catalyst solutions to OCIOR for a green ammonia plant with a capacity of 600 metric tons per day. KBR will help OCIOR's plant to achieve the optimal levelized cost of ammonia production.
KBR’s Low-Carbon Ammonia Offerings Bode Well
Since 1943, KBR has licensed, engineered and constructed more than 260 grassroot ammonia plants worldwide, capturing approximately 50% of the market share of licensed capacity. The determination to lower emissions, achieve product diversification and energy efficiency, and develop more sustainable technologies and solutions has been driving KBR’s performance.
The demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, refining for product diversification and greener solutions to meet tighter environmental standards has been strong. A strategic shift to IP-enabled maintenance is also gaining traction, and KBR’s advisory portfolio continues to see increasing activity, particularly in the energy transition.
KBR has been gaining from the rising global importance of national security, energy security, energy transition and climate change. It has been benefiting from high-end and differentiated government business work, strong margin performance, technology and consulting services.
KBR's determination to reduce emissions, diversify products, improve energy efficiency and implement more sustainable technologies and solutions has been driving its performance.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have gained 15.5% so far this year compared with the Zacks Engineering - R and D Services industry’s 18.5% growth. Although shares of the company have underperformed the industry this year, the ongoing contract wins are likely to boost its prospects in the forthcoming quarters. KBR’s earnings estimate for 2024 reflects 10.3% year-over-year growth on a 9.2% increase in revenues.
The Zacks Consensus Estimate for HWM’s 2024 sales and earnings per share (EPS) indicates a rise of 10.7% and 29.9%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) presently carries a Zacks Rank #2 (Buy). Sterling Infrastructure has a trailing four-quarter earnings surprise of 22.3%, on average.
The Zacks Consensus Estimate for STRL’s 2024 EPS indicates a rise of 18.6% from the prior-year levels.
Gates Industrial Corporation plc (GTES - Free Report) presently carries a Zacks Rank #2. GTES has a trailing four-quarter earnings surprise of 14.9%, on average.
The Zacks Consensus Estimate for GTES’ 2024 EPS indicates growth of 2.9% from the prior-year levels.
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KBR's K-GreeN Technology Chosen by OCIOR Energy in India
KBR, Inc. (KBR - Free Report) has inked a deal with OCIOR Energy to provide its K-GreeN technology for the latter’s plant located in Odisha's Gopalpur region, India. This marks the 10th KBR-licensed green ammonia plant globally and the first in India.
Per the deal, KBR’s Sustainable Technology Solutions unit will provide a technology license, proprietary engineering design, equipment, and catalyst solutions to OCIOR for a green ammonia plant with a capacity of 600 metric tons per day. KBR will help OCIOR's plant to achieve the optimal levelized cost of ammonia production.
KBR’s Low-Carbon Ammonia Offerings Bode Well
Since 1943, KBR has licensed, engineered and constructed more than 260 grassroot ammonia plants worldwide, capturing approximately 50% of the market share of licensed capacity. The determination to lower emissions, achieve product diversification and energy efficiency, and develop more sustainable technologies and solutions has been driving KBR’s performance.
The demand for the company’s technologies across ammonia for food production, olefins for non-single-use plastics, refining for product diversification and greener solutions to meet tighter environmental standards has been strong. A strategic shift to IP-enabled maintenance is also gaining traction, and KBR’s advisory portfolio continues to see increasing activity, particularly in the energy transition.
KBR has been gaining from the rising global importance of national security, energy security, energy transition and climate change. It has been benefiting from high-end and differentiated government business work, strong margin performance, technology and consulting services.
KBR's determination to reduce emissions, diversify products, improve energy efficiency and implement more sustainable technologies and solutions has been driving its performance.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have gained 15.5% so far this year compared with the Zacks Engineering - R and D Services industry’s 18.5% growth. Although shares of the company have underperformed the industry this year, the ongoing contract wins are likely to boost its prospects in the forthcoming quarters. KBR’s earnings estimate for 2024 reflects 10.3% year-over-year growth on a 9.2% increase in revenues.
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Howmet Aerospace Inc. (HWM - Free Report) presently sports a Zacks Rank #1 (Strong Buy). HWM has a trailing four-quarter earnings surprise of 8.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for HWM’s 2024 sales and earnings per share (EPS) indicates a rise of 10.7% and 29.9%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (STRL - Free Report) presently carries a Zacks Rank #2 (Buy). Sterling Infrastructure has a trailing four-quarter earnings surprise of 22.3%, on average.
The Zacks Consensus Estimate for STRL’s 2024 EPS indicates a rise of 18.6% from the prior-year levels.
Gates Industrial Corporation plc (GTES - Free Report) presently carries a Zacks Rank #2. GTES has a trailing four-quarter earnings surprise of 14.9%, on average.
The Zacks Consensus Estimate for GTES’ 2024 EPS indicates growth of 2.9% from the prior-year levels.