DuPont (DD) to Unveil Tedler Frontsheet at SNEC PV Power Expo
DuPont de Nemours DD recently declared that it will launch its latest Tedlar frontsheet materials to potential partners and end users in the photovoltaic industry at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition.
Replacing glass frontsheets while preserving mechanical stability and weatherability is a key problem for lightweight PV modules. Tedlar frontsheet provides a one-of-a-kind combination of durability, UV resistance, high light transmittance, long-lasting UV protection, mechanical toughness, abrasion resistance, chemical resistance and strong adhesion to encapsulant. This innovative approach, according to the company, can offer the frontsheet of solar modules.
DuPont will additionally showcase battery pack thermal management solutions in energy storage applications during the exhibition. Experts from DuPont will share their findings at technical forums to discuss Tedlar frontsheet film for lightweight, flexible PV modules and the reliable performance of Tedlar products at the SNEC Expo.
Shares of DuPont have lost 1.6% over the past year compared with 9.4% decline of its industry.
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The company, earlier this month, said that it now sees net sales for 2023 to be $12,300-$12,500 million. Adjusted earnings per share for 2023 are forecast to be $3.55-$3.70.
For second-quarter 2023, the company expects net sales of roughly $3,020 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
DuPont also envisions sustained strength in water, automotive, aerospace and healthcare for the remainder of 2023. The company, however, sees weakness in electronics and channel inventory destocking in the near term.
The company also agreed to buy a leading manufacturer of specialty medical devices and components, Spectrum Plastics Group, from AEA Investors for $1.75 billion. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to complete by third-quarter 2023. The acquisition strengthens DuPont’s existing position in stable and fast-growing healthcare end markets.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks to consider in the basic materials space include Alamos Gold Inc. AGI Koppers Holdings Inc. KOP, and Linde plc LIN. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alamos currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings for AGI is currently pegged at 46 cents, implying year-over-year growth of 64.3%. Alamos beat Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 16.7%, on average. AGI has gained around 63.8% in a year.
Koppers currently carries a Zacks Rank #2. The Zacks Consensus Estimate for current-year earnings for KOP is currently pegged at $4.40, suggesting year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 13.64%, on average. KOP has gained around 23.1% in a year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 3.8% upward in the past 60 days. Linde’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN’s shares have gained roughly 12.4% in the past year.
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