Chemours, NTT DATA & Hibiya Engineering Join Forces for Product Trial

The Chemours Company CC recently announced the launch of a full-scale product trial with NTT DATA and a leading regional engineering firm, Hibiya Engineering Limited. This initiative, which follows successful lab testing, is focused on data center two-phase immersion cooling and aims to revolutionize data center cooling strategies through cutting-edge technologies, including Chemours' advanced dielectric fluid, Opteon 2P50.This collaboration was done to address the growing data center energy cooling gap, as data centers are generating more heat and higher energy demand to deliver high-performance computing and artificial intelligence (AI). The product trials for Opteon 2P50 will ensure optimal computing performances while supporting significant gains in data center efficiency and sustainability. This will also speed up the commercialization process through lab trials, equipment specification, customer selection and commercial contracts and sales.Opteon 2P50 has an ultra-low global warming potential of 10 (AR6) and superior performance capabilities. It can eliminate up to 90% of data center cooling energy and 40% of overall data center energy consumption and reduce the physical data center footprint by up to 60%. The CC stock has lost 48.2% in the past year compared with the 13.2% decline of the industry.Image Source: Zacks Investment ResearchThe company expects full-year 2025 adjusted EBITDA between $825 million and $975 million. Capital expenditures are expected to be between $250 million and $300 million.CC’s Zacks Rank and Key PicksCC currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Basic Materials space are Ingevity Corporation NGVT, Carpenter Technology Corporation CRS and ArcelorMittal MT. While NGVT sports a Zacks Rank #1 (Strong Buy) at present, CRS and MT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Ingevity’s current-year earnings is pegged at $4.45 per share. NGVT beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average earnings surprise being 202.9%.The Zacks Consensus Estimate for Carpenter Technology’s current fiscal-year earnings is pegged at $6.95 per share. CRS beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 15.7%. Its shares have soared 176.5% in the past year.The Zacks Consensus Estimate for ArcelorMittal’s current-year earnings is pegged at $3.72 per share. MT surpassed the Zacks Consensus Estimate in three of the trailing four quarters but missed it in one, with an average earnings surprise of 4.11%. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 ArcelorMittal (MT): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis Report The Chemours Company (CC): Free Stock Analysis Report Ingevity Corporation (NGVT): 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