Air Liquide combines defensive industrial gases cash flows with structural growth from electronics (semiconductor fab buildouts), healthcare (home oxygen), and hydrogen mobility/decarbonization investments. Take-or-pay contracts with electricity pass-through provide highly visible earnings. The advance toward 'molecule pure-play' from chemicals trading peers is widening valuation premia. Hydrogen JVs with major industrials are scaling commercially rather than remaining R&D.
Thesis reviewed May 29, 2026
Air Liquide SA is headquartered in France, which is currently showing moderate signals.
π«π·France48NEUTRALView France risk detail βπ§±Materials18WATCH| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| SHW | The Sherwin-Williams Company | 24 | +2% | β7% | NEUTRAL |
| PPG | PPG Industries, Inc. | 24 | +1% | β7% | NEUTRAL |
| ECL | Ecolab Inc. | 24 | +2% | β7% | NEUTRAL |
| NUE | Nucor Corporation | 24 | +11% | β7% | EARLY |
| DD | DuPont de Nemours, Inc. | 24 | +6% | β7% | EARLY |
| DOW | Dow Inc. | 24 | +1% | β7% | NEUTRAL |
| LIN | Linde plc | 24 | +10% | β7% | EARLY |
Investors who hold AIQUY may also have indirect exposure through these country funds.
Air Liquide signs long-term hydrogen supply with TotalEnergies Normandy refinery
Electronics segment grows on TSMC Arizona and Samsung Texas fab ramps
Estimates Β· Yahoo Finance Β· Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Josh GottheimerNJ | D | Sell | $1kβ$15k | Jun 21, 24 | +23.8% |