LNG equipment maker Chart's Q4 sales fall

Reuters
2026.02.27 21:40
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Chart Industries reported a 2.5% decline in Q4 sales, falling short of analyst expectations, with orders down 23.8% due to a lack of large LNG orders. However, the company's backlog grew by 21.5% to $5.89 billion, driven by demand in carbon capture, data centers, and other markets. Analysts maintain a 'hold' rating on the stock, with a median 12-month price target of $210.00, reflecting a slight increase from its recent trading price of $207.43.