_courtesy_VERTICAL.jpg)
Why Chart Industries Rallied by a Double-Digit Percentage Today
Shares of industrial equipment supplier Chart Industries (NYSE: GTLS) rallied on Thursday, trading 11% higher as of 2 p.m. ET.Chart reported first-quarter earnings Thursday morning that beat expectations on the bottom line, but other elements of the report were even more bullish and reassuring, including growth in new orders, management's reiteration of guidance, and the news that the company had only experienced a modest impact from tariffs.Since the stock had sold off violently after President Donald Trump unveiled his global tariffs early in April, Chart rallied back hard on the news that the impacts of those import taxes on the company have not been as intense as investors feared.Continue reading
Shares of industrial equipment supplier Chart Industries (NYSE: GTLS) rallied on Thursday, trading 11% higher as of 2 p.m. ET.
Chart reported first-quarter earnings Thursday morning that beat expectations on the bottom line, but other elements of the report were even more bullish and reassuring, including growth in new orders, management's reiteration of guidance, and the news that the company had only experienced a modest impact from tariffs.
Since the stock had sold off violently after President Donald Trump unveiled his global tariffs early in April, Chart rallied back hard on the news that the impacts of those import taxes on the company have not been as intense as investors feared.
