Is Chart Industries Finally Charting a Higher Course
Since peaking in October, Chart Industries ( NASDAQ: GTLS ) has traded in a downward trajectory. The promise of liquefied natural gas, or LNG, demand hasn't paid off as expected, leading to a large sell-off in the stock. At the current price of $80, the stock trades at a similar level to when it first crossed $70 all the way back at the start of 2012. Similar situations in the market offer a level of intrigue considering the market is now less interested in a once-hot stock potentially offering a bargain. The investor has to dig into the story to derive whether the problem is the company or the market. Chart Industries is mainly seen as a manufacturer of LNG equipment, but the company has recently been hit by declines in the smaller medical division. Mainly though, the company continues to face the struggles of a domestic LNG market that hasn't expanded fast enough and has also hit shares of Clean Energy Fuels ( NAS...