Dow Inc. DOW introduced that it’s creating new post-consumer recycled (PCR) resins, which can be supplied worldwide. Notably, the recycled plastic resins are geared to harness the assets of used plastic packaging to create new packaging supplies, thereby lowering waste.
The brand new providing of PCR resins is a part of Dow’s complete technique to develop a round plastics financial system by specializing in incorporating recycled content material into product choices.
The brand new PCR resins, that are already supplied in Europe and Asia, present shoppers and types with related efficiency to packaging made with virgin resins. Furthermore, the newly formulated PCR resins have the capability to decrease carbon and power footprints by as much as 20-30%. Additional, the resins give a brand new life to used plastics that in any other case would have grow to be waste. Additionally, the brand new PCR resins will assist guarantee merchandise are supplied safely.
The brand new materials immediately aids the just lately introduced sustainability objectives of Dow, which embody commitments to cease waste by permitting a million tons to be collected, reused or recycled by 2030. It additionally helps the corporate decrease the web annual carbon emissions by 5 million tons by 2030 towards its purpose of reaching carbon neutrality in 2050.
So as to meet these objectives, Dow, with its trade companions, recyclers and waste administration firms, is growing the value of used plastics by creating higher-value recycled functions, investing in innovation and discovering methods to combine extra recycled content material into new, high-performance supplies.
The corporate’s shares have misplaced 16% previously 12 months in contrast with the 15.2% decline recorded by the trade.
Dow, on its first-quarter earnings name, stated that it’s seeing indications of a restoration from the virus outbreak in China, whereas nonetheless assessing the impacts of the identical in different main geographies. Factoring in a gradual and sustainable return of worldwide financial actions, and the reopening of economies in May and June, the corporate expects restoration because the 12 months progresses.
Dow additionally stated that it’s taking actions to additional strengthen its monetary place. These embody the discount of working bills by $350 million and additional trimming of capital expenditure goal to $1.25 billion (a $750-million discount from that in 2019). The corporate can also be briefly idling sure manufacturing models to align manufacturing to demand throughout markets, which have been considerably affected by restrained financial actions.
Dow Inc. price and Consensus
Dow Inc. price-consensus-chart | Dow Inc. Quote
Zacks Rank & Stocks to Contemplate
Dow presently carries a Zacks Rank #3 (Maintain).
Some better-ranked firms within the primary supplies house are, AngloGold Ashanti Restricted AU, Franco-Nevada Company FNV and Agnico Eagle Mines Restricted AEMAngloGold Ashanti presently sports activities a Zacks Rank #1 (Robust Purchase) and has a projected earnings progress price of 109.9% for 2020. The corporate’s shares have gained 46.5% in a 12 months. You may see the entire record of right this moment’s Zacks #1 Rank stocks right here.
Franco-Nevada has a projected earnings progress price of 19.2% for the present 12 months. The corporate’s shares have rallied round 53% in a 12 months. It presently has a Zacks Rank #2 (Purchase).Agnico Eagle has an anticipated earnings progress price of 53.6% for 2020. The corporate’s shares have gained 13.2% previously 12 months. It presently carries a Zacks Rank #2.Zacks Prime 10 Stocks for 2020Along with the stocks mentioned above, would you prefer to find out about our 10 most interesting buy-and-hold tickers for the whole lot of 2020?Final 12 months’s 2019 Zacks Prime 10 Stocks portfolio returned positive aspects as excessive as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 firms lined by the Zacks Rank. Don’t miss your likelihood to get in on these long-term buys.Entry Zacks Prime 10 Stocks for 2020 right this moment >>
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
