Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of liquid gas specialist Chart Industries
So what: It appears today's excitement may have been driven by a bullish analyst note from Piper Jaffray. The Wall Street firm said the nuclear problems in Japan will likely boost the country's imports of liquid natural gas as it tries to make up for lost power-generation capacity. Jaffray has an "overweight" rating on Chart and a $57 price target.
Now what: Investors have been loving Chart Industries' stock lately; it's up 250% from its 52-week low. The Piper Jaffray note does highlight an important point about the issues in Japan, and it's certainly possible Chart could benefit from the need for non-nuclear power in the country. However, investors should be sure to do their own research, rather than simply chasing the stock based on someone else's work.
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