Down -24.46% in 4 Weeks, Here's Why You Should You Buy the Dip in Braskem (BAK)
zacks.com
Braskem (BAK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Tariffs May Not Affect Braskem, And It's A Buying Opportunity
seekingalpha.com
Braskem S.A.'s strategies to lower emissions and develop sustainable chemicals are likely to attract significant interest from ESG investors, enhancing stock demand. The company's asset optimization initiatives and transactions, such as the 2024 asset sale to SolvĂ­ and GRI, are expected to positively impact financial statements. Investments in research and development, including a new Renewable Innovation Center in Massachusetts, are anticipated to drive innovation and free cash flow margin growth.
After Plunging -18.82% in 4 Weeks, Here's Why the Trend Might Reverse for Braskem (BAK)
zacks.com
The heavy selling pressure might have exhausted for Braskem (BAK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Top 3 Materials Stocks That May Rocket Higher In December
benzinga.com
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
Braskem: Petrochemical Market Conditions Bottoming
seekingalpha.com
Braskem's stock has plummeted, but recent improvements in operating results and positive earnings call discussions suggest a potential turnaround. The Brazilian Real's depreciation has hurt Braskem, but a reversal could boost local asset values, aiding the company's recovery. Protectionist tariffs implemented in Brazil to protect the industry, expanding import tariffs on similar goods from 12%~ to 20%~, will serve to further increase performance and resilience.
Exclusive: Brazil's government and banks in talks to take Novonor's Braskem stake, sources say
reuters.com
Brazil's government and several of its largest commercial banks are working on a plan to speed the divestment of engineering group Novonor's majority stake in Braskem , Latin America's largest petrochemical company, according to six people familiar with the talks.
Top 3 Materials Stocks That Could Blast Off In November
benzinga.com
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
Philadelphia Eagles and Braskem “Tackling STEM” Program Empowers Youth Across the Greater Philadelphia Area
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--The Philadelphia Eagles and Braskem, (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, have enhanced their partnership with the launch of their new STEM education program, Tackling STEM, for the 2024-2025 academic school year. Tackling STEM is an education program that delivers free digital and hands-on interactive S.
Braskem S.A. (BAK) Q3 2024 Earnings Call Transcript
seekingalpha.com
Braskem S.A. (NYSE:BAK ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Rosana Avolio - IR, Strategic Planning & Corporate Market Intelligence Director Roberto Bischoff - CEO Pedro Freitas - CFO Conference Call Participants Rodrigo Almeida - Santander Vicente Falanga - Bradesco BBI Tasso Vasconcellos - UBS Gabriel Barra - Citi Pedro Soares - BTG Pactual Leonardo Marcondes - Bank of America Regis Cardoso - XP, Inc. Operator Good morning and thank you for waiting.
Braskem reports Recurring EBITDA of R$2.4 billion in 3Q24, 44% higher compared to 2Q24
prnewswire.com
Highest quarterly Recurring EBITDA since 2Q22 SÃO PAULO, Nov. 7, 2024 /PRNewswire/ --  BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 3Q24 Earnings Release.
Braskem and WEAV3DÂź Awarded by the Society for Plastics Engineers (SPE) and American Composites Manufacturers Association (ACMA)
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership with the Clemson Composites Center at Clemson University, was selected Most Innovative Part.
Braskem Selected to Negotiate Terms of a Prestigious $50 Million Award from U.S. Department of Energy to Drive Electrification Revolution
businesswire.com
PHILADELPHIA & HOUSTON--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the Americas' leading polyolefins producer and a global pioneer in biopolymers, today proudly announces that the company has been selected by the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This landmark funding would expand Braskem's ultra-high molecular weight polyethylene (.
Braskem Q2: Mixed Results, Cheap Valuation
seekingalpha.com
I recommend buying Braskem shares post-2Q24 results, which showed operational improvement despite missing market expectations and ongoing financial challenges. BAK's revenue remained stable at $3.65 billion, with excellent cost control leading to a 9% recurring EBITDA margin. Valuation is attractive with a potential 33.8% appreciation, trading at 6.5x EV/EBITDA against an industry average of 8.7x.
Galway Sustainable Capital Continues to Expand Leadership Team
businesswire.com
WASHINGTON--(BUSINESS WIRE)--Galway Sustainable Capital (“Galway”), a specialty finance company, announces the expansion of its leadership team and additional hires, strengthening its commitment to accelerate the transition to a sustainable economy through next-generation infrastructure. “We're excited to welcome such outstanding people to Galway,” said Jennifer von Bismarck, Galway's CEO. “Their expertise, relationships, and passion for sustainability increase our capacity to execute on new in.
Braskem Announces the Official Opening of its Renewable Innovation Center in Lexington, Massachusetts
businesswire.com
PHILADELPHIA & LEXINGTON, Mass.--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the opening of its Renewable Innovation Center located in Lexington, Mass. Braskem's new 35,000-square-foot innovation center will accelerate innovation in renewable chemicals and materials. Capabilities at the new center will expan.
Wall Street Analysts Predict a 46.24% Upside in Braskem (BAK): Here's What You Should Know
zacks.com
The average of price targets set by Wall Street analysts indicates a potential upside of 46.2% in Braskem (BAK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Braskem and WEAV3DÂź Win the Altair Enlighten 2024 Future of Lightweighting Award
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership with the Clemson Composites Center at Clemson University, were named first place winners of.
Braskem posts Recurring EBITDA of US$320 million in the quarter, 39% higher than 1Q24 and 128% higher than 2Q23
prnewswire.com
SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 2Q24 Earnings Release.
Braskem: Likely Waiting To Be Purchased
seekingalpha.com
Braskem's controlling holding, Novonor, is looking for a buyer for its stake in the company. The proposals to purchase this stake exceed the company's current market cap by two times. For this reason, I believe that the dangerous risks, such as the sinking of MaceiĂł, are already in the price, bringing a good opportunity.
Brazil senators suggest charges against Braskem over sinking city
reuters.com
A Brazilian congressional committee on Tuesday suggested charging petrochemical producer Braskem with crimes against the environment and public properties over the sinking soil of a city that forced thousands of families to relocate.
Braskem Expands Its Fuels Business Portfolio With the Launch of Octane Plus
businesswire.com
SAO PAULO--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the expansion of its fuels business portfolio with the launch of Octane Plus focused on serving the premium segment of automotive fuels market worldwide. Octane Plus is an additive blended in the gasoline production process to increase the fuel's octane rating. The addition of Br.
Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23
prnewswire.com
SÃO PAULO, May 9, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 1Q24 Earnings Release.
Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript
seekingalpha.com
Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript
Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23
prnewswire.com
SÃO PAULO, March 19, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q23 Earnings Release.
Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market
businesswire.com
HOUSTON & PHILADELPHIA--(BUSINESS WIRE)--Shell Chemicals recently started to supply Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) with bio-attributed and bio-circular propylene feedstocks, based on a mass balance approach and independently certified by a third party. Braskem will utilize such feedstocks for the manufacture of bio-attributed and bio-circular polypropylene enabling more sustainable options for growing consumer demand in the packaging, film, automoti.
Braskem Donates to the Mary M. Campbell Marcus Hook Public Library
businesswire.com
MARCUS HOOK, Pa.--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a company committed to human rights and equity in our supply chain and the local development of surrounding communities, has donated $10,000 to the Mary M. Campbell Marcus Hook Public Library, and a check was presented during a ceremony on Thursday, March 7, 2024. Braskem's donation supports the branch's efforts to upgrade the library, beginning with the purchase of a new main recept.
Braskem Hosts 25th Red Cross Blood Drive in Partnership with the American Red Cross
businesswire.com
KENOVA, W. Va.--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas as well as a market leader and pioneer producer of biopolymers on an industrial scale, recently hosted its 25th blood drive on Thursday, February 22nd at its production facility in Neal, West Virginia in partnership with the American Red Cross. This milestone reflects Braskem's commitment to making a positive impact and prioritizing the.
Brazil's Petrobras wants to share management of Braskem, says CEO
reuters.com
Brazil's state-run oil company Petrobras wants a partner to share the management of petrochemical producer Braskem , said the oil firm's Chief Executive Jean Paul Prates on Tuesday.
Braskem and WEAV3DÂź Announced as Finalists for JEC Composites Innovation Awards 2024
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas as well as a market leader and pioneer producer of biopolymers on an industrial scale, in partnership with WEAV3D Inc., an advanced manufacturing and materials startup, today announced that their innovative automotive door component prototype was selected as one of three finalists in the Automotive and Road Transportation – Process category.
Should Value Investors Buy Braskem (BAK) Stock?
zacks.com
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Braskem (BAK) Is Attractively Priced Despite Fast-paced Momentum
zacks.com
Braskem (BAK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Braskem S.A. (BAK) on Behalf of Investors
businesswire.com
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Braskem S.A. (“Braskem” or the “Company”) (NYSE: BAK) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Braskem investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you c.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Braskem S.A.
businesswire.com
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Braskem S.A. (“Braskem” or the “Company”) (NYSE: BAK) investors concerning the Company's possible violations of federal securities laws. On November 30, 2023, Braskem disclosed that it was required to pay $203 million to repair damages at a rock-salt mine that it owns in Maceió. On this news, Braskem's stock price fell $0.58, or 6.9%, to close at $7.78 per share on November 30, 2023, thereby i.
The Law Offices of Frank R. Cruz Announces Investigation of Braskem S.A.
businesswire.com
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Braskem S.A. (“Braskem” or the “Company”) (NYSE: BAK) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On November 30, 2023, Braskem disclosed that it was required to pay $203 million to repair damages at a rock-salt mine that it owns in Maceió. On this news, Braskem's stock price fell.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Braskem S.A. - BAK
prnewswire.com
NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Braskem S.A., Inc. ("Braskem" or the "Company") (NYSE: BAK).
Braskem: Special Situations Trade With 100% Upside Potential
seekingalpha.com
Braskem is the largest plastic producer in the Western Hemisphere. The company has been a takeover target for the last few years. In November, Abu Dhabi National Oil Company offered BRL37.29 per share. That means 100% upside potential from the current stock prices. The political and industry tailwinds are more supportive of the deal's completion than ever. PBR's CEO expects the deal to take place in 1Q24.
City hall in Brazil's Maceio requests new damages deal with Braskem
reuters.com
The city hall of Brazil's northeastern city of Maceio has asked to negotiate a new compensation agreement with petrochemical firm Braskem over the expansion of a risk area linked to sinking ground in the city, it said on Wednesday.
CORRECTING and REPLACING Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Please replace the release dated November 20, 2023 with the following corrected version due to multiple revisions. The updated release reads: BRASKEM EVA RECYCLING TECHNOLOGY RESEARCH PARTNERSHIP AWARDED RD&D GRANT FROM THE REMADE INSTITUTE Braskem Research Partnership Supports the U.S. Transition to a Circular Economy RD&D Partnership includes Braskem America, adidas, Allbirds, and the Massachusetts Institute of Technology One of three REMADE awards recen.
Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced Braskem's polymer recycling technology research partnership has been awarded a $504,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute, a public-private partnership established by the Uni.
Braskem Announces REMADE Institute Grant Award to Develop New Recycling Process Technology to Extract Pure Polypropylene from PCR
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced its polymer recycling technology research partnership has been awarded a $600,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute, a public-private partnership established by the United Sta.
Braskem Announces REMADE Institute Grant Award for Advanced Manufacturing of Sustainable and Recyclable Multilayer Plastic Films
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced its polymer recycling technology research partnership has been awarded a $671,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute, a public-private partnership established by the United Sta.
New Strong Sell Stocks for November 10th
zacks.com
MT, BAK and CSL have been added to the Zacks Rank #5 (Strong Sell) List on November 10, 2023.
ADNOC makes fresh bid to buy stake in Brazil's Braskem
reuters.com
Brazilian petrochemical producer Braskem said on Thursday that Abu Dhabi's oil company ADNOC (ADNOC.UL) has presented a fresh non-binding offer to buy conglomerate Novonor's stake in the firm.
Braskem's Recurring EBITDA in the quarter was US$187 million, 34% higher than 2Q23
prnewswire.com
Green PE's operational performance was above nominal capacity of 260,000 tons/year with utilization rate of 108% in the quarter SÃO PAULO, Nov. 9, 2023 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 3Q23 Earnings Release.
Braskem: Glad I Sold After A 27.8% Negative RoR
seekingalpha.com
I sold my position in Braskem after the involvement of Novonor and Petrobras in a recent deal. My strategy of selling and rotating at the right time has protected my profits and capital in the past. The article will provide an update on the negative return on investment for Braskem and discuss the implications for the investment thesis.
Braskem and Oxiteno sign a partnership to supply bio-attributed ethylene
businesswire.com
SÃO PAULO--(BUSINESS WIRE)--Committed to supporting the circular economy and fighting climate change, Brazilian petrochemical companies Braskem and Indorama Ventures IOD - Oxiteno announce a partnership to supply bio-attributed ethylene from renewable sources. Bio-attributed ethylene, certified by ISCC (International Sustainability and Carbon Certification), will be used by Oxiteno to create new sustainable solutions. This raw material is the first bio-attributed chemical product produced by Br.
Braskem Announces Partnership With Northwestern University for the Development of CO2 Conversion Technology
businesswire.com
SÃO PAULO--(BUSINESS WIRE)--Braskem and Northwestern University (USA) have announced a partnership to develop a technology platform for converting the CO2 generated by industrial operations. It is based on co-electrolysis, a technology that makes full use of electricity to convert CO2 into products of interest. In typical electrochemical devices, apart from CO2 conversion, water is converted into oxygen, which has no high commercial value. However, in this new strategy, two reactions of interes.
Braskem Takes Polypropylene to the Next Level of Performance in Partnership with WEAV3DÂź utilizing its Rebar for PlasticsÂź Lattice Technology
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced a novel demonstrator of Braskem's polypropylene (PP) in combination with WEAV3D Inc., an advanced manufacturing and materials startup, leveraging WEAV3D's thermoplastic composite lattice technology to enhance the performance of PP for stru.
Braskem's Carbon Negative Biopolymers to Be Spotlighted by “World's Greatest
businesswire.com
PHILADELPHIA--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) today announced that it has been selected to participate in an upcoming segment in the “World's Greatest
Braskem: A Speculative Bet On A Cycle Downturn
seekingalpha.com
Braskem faces challenges within the petrochemical economic cycle, with product spreads below historical averages and complex stake sale negotiations. Novonor's exit from Braskem's control is uncertain and potential hurdles related to share transfers and Petrobras' involvement. Braskem's valuation complexity lies in commodity price sensitivity. Despite the potential upside, speculation and industry downturn advise caution.