Gabelli initiated Chart Industries with a Buy and a $51 price target. The firm views Chart as at attractive investment given its resilient industrial gas and biomedical businesses, unique energy assets, cash generation with a clean balance sheet, and attractive valuation.

Chart Industries (GTLS) announced that it has been chosen to supply critical liquefaction equipment, including the natural gas liquefaction cold boxes and brazed aluminum heat exchangers, to the Cedar liquefied natural gas project. The Cedar LNG project brings together the Haisla Nation and Pembina Pipeline Corporation (PBA) to develop the Haisla Nation-led project. The project is a key element of the Haisla Nation's economic and social development strategy and will further advance reconciliation by allowing the Haisla Nation, for the first time ever, to directly own and participate in a major industrial development in its territory. Today, the Haisla people are centered on Kitamaat Village. Home to approximately 700 of the 2,023+ Haisla membership, Kitamaat Village sits at the head of the Douglas Channel in British Columbia, Canada. Chart received the order for its content, from engineering, procurement and construction company Black & Veatch, a leader in the floating liquefied natural gas and a longstanding partner to Chart. This is one of a series of big LNG, FLNG and small-scale LNG projects in recent quarters and years that Chart has won content. During the first week of April, Pembina and its project partners disclosed that they have given a notice to proceed to their Cedar LNG export project contractors and have secured binding offtake agreements for the project.