Air Products and Chemicals, Inc.'s (NYSE: APD) shares have shot up 21.2% over the past six months. The company has also outperformed its industry's rise of 0.1% over the same time frame. APD has also topped the S&P 500's roughly 9.2% rise over the same period.
Let's take a look into the factors that are driving APD stock.
Image Source: Zacks Investment Research
APD Gains on High-return Projects & Productivity Actions
Air Products is benefiting from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.
Air Products is also driving productivity to improve its cost ...
