Arkema Inks New 8-Year Biomethane Supply Agreement With ENGIE

Arkema S.A. ARKAY has signed a new eight-year deal with ENGIE to deliver biomethane to various Bostik plants in France, continuing its transition to a more sustainable industrial model.This 25 GWh/year deal will cover approximately 85% of the yearly gas usage of four Bostik facilities in France (Coubert, Privas, Ribécourt and Venette), representing a significant step forward in decarbonizing the company's energy supply. This new agreement aligns with the long-term contract signed with ENGIE in early 2023 for the annual supply of 300 GWh of biomethane in France.This contract represents a significant advancement in Arkema's energy transition, demonstrating the company's dedication to actively reducing its carbon footprint and helping its customers on their own path to decarbonization.Arkema's portfolio of first-class solutions addresses the ever-increasing demand for novel and sustainable materials, drawing on its unique combination of materials science knowledge. Shares of Arkema have lost 23.2% over the past year compared with a 16.5% decline of its industry.Image Source: Zacks Investment ResearchARKAY’s Rank & Key PicksARKAY currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the basic materials space are Carpenter Technology Corporation CRS, CSW Industrials Inc. CSWI and Axalta Coating Systems Ltd. AXTACarpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company's shares have soared 169.6% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for CSW Industrials’ current fiscal-year earnings is pegged at $8.50. CSWI, carrying a Zacks Rank #2, surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 10.1%. The company's shares have rallied 28.4% in the past year.Axalta Coating Systems, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it delivered an earnings surprise of roughly 16.3%, on average. AXTA’s shares have gained 1.2% over the past year.  Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Arkema SA (ARKAY): Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA): Free Stock Analysis Report CSW Industrials, Inc. (CSWI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks