LIN Stock Recent News

The use of different energy sources today is already commonplace to contribute to the energy transition process. It is true that it is not a process that will happen overnight, but every step counts and contributes to the well-being of all.

Alternative energy stocks will likely be boosted by two medium-term catalysts and one long-term catalyst. One of the medium-term catalysts involves the Internal Revenue Service ( IRS ) finally releasing its rules on a hydrogen production tax credit.

As the worldwide effort towards cleaner energy persists, hydrogen companies and clean energy stocks appear increasingly potent. A 9.2% CAGR is predicted for the hydrogen industry until 2030, which could pick up in the following years.

Amid the world's transition to cleaner energy sources, hydrogen stocks have had a resurgence in interest lately. This resurgence is despite a fall in the S&P 500 amid earnings season over the last couple of weeks, creating fresh opportunities to buy them cheaply.

On October 26, 2023, Linde released Q3 results with sales missing street consensus and down 7% YoY due to diminishing cost pass-through effects and a weak macro environment. Adjusting for cost pass-through and FX effects, underlying sales were up 3% YoY, driven by pricing and favorable mix, leading to a 550bps operating margin expansion vs. Q3 2022. Performance in EMEA was particularly strong with 820bps YoY margin expansion, cutting down the legacy EMEA/APAC assets margin gap vs. Americas segment to 1.3%.

Linde plc (NYSE:LIN ) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Corporate Participants Juan Pelaez - Head, Investor Relations Sanjiv Lamba - Chief Executive Officer Matt White - Chief Financial Officer Conference Call Participants Mike Leithead - Barclays Laurent Favre - BNP Stephen Richardson - Evercore ISI Duffy Fischer - Goldman Sachs Jeff Zekauskas - JPMorgan David Begleiter - Deutsche Bank Peter Clark - Société Générale Geoff Haire - UBS Vincent Andrews - Morgan Stanley Kevin McCarthy - Vertical Research Partners Patrick Cunningham - Citi Steve Byrne - Bank of America Kevin Estok - Jefferies Mike Sison - Wells Fargo Operator Ladies and gentlemen, good day, and thank you for standing by. Welcome to Linde's Third Quarter 2023 Earnings Teleconference and Webcast.

Linde's (LIN) Q3 earnings are expected to have benefited from higher industrial production during the quarter.

In the closing of the recent trading day, Linde (LIN) stood at $377.89, denoting a +0.05% change from the preceding trading day.

Linde (LIN) closed at $373.73 in the latest trading session, marking a +0.05% move from the prior day.

Investors looking for stocks in the Chemical - Specialty sector might want to consider either Quaker Chemical (KWR) or Linde (LIN). But which of these two companies is the best option for those looking for undervalued stocks?