Chart Industries Inc

GTLS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$987.00	Qfcnf	Wtzkqwqdnp

Chart Industries: Howden Bulks Up Chart's Capacity to Attack Hydrogen and Other High-Growth Markets

Stephen Ellis

Apr 14, 2023

We are initiating coverage on Chart Industries with a fair value estimate of $165, a narrow moat rating, and an Exemplary capital allocation rating. We do see the firm as substantially undervalued at current prices, as the market remains concerned about the impact of the Howden deal on Chart's future prospects. In contrast, we believe that the Howden deal offers several material benefits that should drive improved profitability and growth going forward.

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