Chart Industries initiated with a Buy at HSBC

HSBC initiated coverage of Chart Industries with a Buy rating and $212 price target. Hydrogen is an enabling fuel and technology for a clean economy, the analyst tells investors in a research note. The firm sees U.S. clean hydrogen production capacity accelerating on the back of billions of dollars in federal stimulus. Chart is a broader play on enabling technologies for the energy transition and the clean hydrogen value chain, the analyst tells investors in a research note.