DOW Launches Dowsil PV Product Line, Expands Portfolio

Dow Inc. DOW recently extended its line of silicon sealant products to offer Photovoltaic (PV) module assembly materials by launching the Dowsil PV Product Line. This will also boost the company’s global movement toward renewable energy. The newly launched product line comes with six silicone-based sealants and adhesives solutions that can be used to deliver durability and proven performance for frame sealing, rail bonding, junction box bonding and potting, and building integrated photovoltaics (BIPV) installation materials.

The global transition toward carbon neutrality has created a demand for high-performing, affordable and renewable energy solutions throughout the supply chain. Through the launch of the Dowsil PV Product line, the company aims to provide its customers with reliable solutions with proven performance as there is a rising demand for integrated building and infrastructure solar solutions, as well as large-scale solar power plants in the PV module assembly market.

Through the availability of multiple global production sites and backward integrated supply chains, Dow is well-positioned to provide demonstrated solutions to ever-growing and evolving local markets. The company stated that through this newly launched product line, it will be able to deliver innovative, next-generation silicone materials to cater to its customers’ needs and support them to advance to a more sustainable world.

Shares of DOW have lost 11% over the past year against a 2.9% rise of its industry.

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Image Source: Zacks Investment Research

The company, on its fourth-quarter call, said that it is seeing positive signs from moderate levels of inflation in the United States, improving energy outlook in Europe and the re-opening in China. It is also implementing targeted actions focused on optimizing labor and purchased service costs, lowering turnaround spending and boosting productivity. As part of these actions, Dow plans to cut around 2,000 jobs globally. Dow expects these initiatives to deliver $1 billion in cost savings in 2023. The company also expects to record a charge of $550-$725 million in the first quarter of 2023 for costs related to these actions.

 

Dow Inc. Price and Consensus

Dow Inc. Price and Consensus

Dow Inc. price-consensus-chart | Dow Inc. Quote

Zacks Rank & Key Picks

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

Some better-ranked stocks in the basic materials space are ATI Inc. ATI, Olympic Steel, Inc.  ZEUS and Cal-Maine Foods, Inc. CALM. ATI currently carries a Zacks Rank #2 (Buy), while ZEUS and CALM sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.  

ATI’s shares have gained 45.3% in the past year. The Zacks Consensus Estimate for ATI’s current-year earnings has been revised 1.4% upward in the past 60 days. The company has an earnings growth rate of 9% for the current year.

ATI topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 32.4% on average.

Olympic Steel’s shares have gained 67.6% in the past year. The Zacks Consensus Estimate for ZEUS’s current-year earnings has been revised 61% upward in the past 60 days. ZEUS topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 26.2% on average.

Cal-Maine’s shares have gained 16.5% in the past year. The company has an earnings growth rate of 515.8% for the current year. The Zacks Consensus Estimate for CALM’s current-year earnings has been revised 19% upward in the past 60 days.

CALM topped Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 15.3% on average.

     














 

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

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