Dow (DOW) Gets ISCC PLUS Recognition for 5 Manufacturing Sites

Dow Inc. DOW recently announced that five of its manufacturing sites received International Sustainability & Carbon Certification (ISCC) PLUS recognition for their compliance with rigorous tracking of sustainable feedstock use. These include sites in Freeport, TX; Tarragona, Spain, Terneuzen, Netherlands, Boehlen, Germany and Schkopau, Germany.

The certification marks a significant step in Dow’s global strategy to close the loop on plastic waste and broaden its capabilities for circular plastics using advanced recycling and bio-based feedstocks.

ISCC is a worldwide applicable sustainability certification system covering all sustainable feedstocks, including circular feedstocks produced from plastic waste, bio-based renewables sourced from agriculture and forest biomass or waste products.

The certification, which recognizes Dow’s implementation of environmentally, socially and economically sustainable production requirements, was awarded after a fully independent, external audit. It ensures that product supply chains are fully traceable, and Dow and its suppliers adhere to and accelerate sustainable practices.

Shares of Dow have increased 0.1% in the past year compared with the industry’s rise of 13.3%.

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Dow, on its lastearnings call stated that it expects strong end-market demand, which will continue in 2022. It also expects logistics constraints and low inventory levels across its value chains over the near term.

Dow will remain focused on building on its competitive advantage due to growth from higher-margin, sustainability-driven, downstream solutions and value-accretive investments. Dow also said that it is well-placed to increase earnings, cash flow and returns once it decarbonizes its footprint and achieves its 2030-2050 carbon emission reduction goals.

Zacks Rank & Key Picks

Dow currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks from the basic materials space are Celanese Corporation CE, The Chemours Company CC and AdvanSix Inc. ASIX.

Celanese has an expected earnings growth rate of 139.5% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 8.7% upward in the past 60 days.

Celanese beat the Zacks Consensus Estimate for earnings in each of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 12.7%, on average. The stock has surged around 22.7% in a year. CE currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Chemours has an expected earnings growth rate of 105.1% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised 10% upward in the past 60 days.

Chemours beat the Zacks Consensus Estimate for earnings in the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 34.2%, on average. It has rallied around 17.5% over a year. CC currently holds a Zacks Rank #2.

AdvanSix has a projected earnings growth rate of 194.5% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised 5.9% upward over the last 60 days.

AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 119.6% in a year. It currently sports a Zacks Rank #1.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.