Westlake's (WLK) Subsidiary Invests in Blackhorn Ventures

Zacks06-28

Westlake Corporation's WLK subsidiary, Westlake Innovations, Inc., stated that it has invested in the Blackhorn Industrial Impact Fund II. The fund aims to invest in 40 capital-efficient enterprises ...

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The fund aims to invest in 40 capital-efficient enterprises ...</p>\n\n<a href=\"https://finance.yahoo.com/news/westlakes-wlk-subsidiary-invests-blackhorn-115000349.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Westlake's (WLK) Subsidiary Invests in Blackhorn Ventures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestlake's (WLK) Subsidiary Invests in Blackhorn Ventures\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-28 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/westlakes-wlk-subsidiary-invests-blackhorn-115000349.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Westlake Corporation's WLK subsidiary, Westlake Innovations, Inc., stated that it has invested in the Blackhorn Industrial Impact Fund II. The fund aims to invest in 40 capital-efficient enterprises ...</p>\n\n<a href=\"https://finance.yahoo.com/news/westlakes-wlk-subsidiary-invests-blackhorn-115000349.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125909593.SGD","symbol_name":"Natixis Thematics Meta R/A SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/westlakes-wlk-subsidiary-invests-blackhorn-115000349.html","article_id":"2446500858","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_QohzTTuBiHhd3QxMgJLjA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b348b5c17da07d496ad3bb8195e2b67c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446500858","pubTimestamp":1719575400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The company, on its first-quarter call, said that it sees continued growth for the Housing and Infrastructure Products segment despite high inflation and interest rates. 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ATI, Carpenter Technology Corporation CRS, and Ecolab ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","CRS":"卡朋特科技","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","BK4090":"商品化工","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU1923622614.USD":"Natixis Thematics Meta R/A USD","WLK":"Westlake Chemical Corp","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","ECL":"艺康集团","BK4006":"钢铁","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","ATI":"阿利根尼","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","BK4109":"特种化学制品","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","BK4585":"ETF&股票定投概念","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU1923621640.USD":"Natixis Thematics Water R/A USD","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4588":"碎股"},"translate_title":"Westlake(WLK)子公司投资Blackhorn Ventures","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WLK":1,"ATI":1,"CRS":1,"ECL":0.9},"content_text":"Westlake Corporation's WLK subsidiary, Westlake Innovations, Inc., stated that it has invested in the Blackhorn Industrial Impact Fund II. The fund aims to invest in 40 capital-efficient enterprises that will enable the decarbonization of the U.S. economy's most difficult-to-transition sectors. Westlake's action builds on the company's commitment to contributing to a more sustainable future through continual development of its own manufacturing as well as strategic investments in breakthrough technologies and startups.The fund is managed by Blackhorn Ventures, a Colorado-based thesis-driven, resource-efficient industrial innovation investment firm that focuses on energy, transportation and logistics, and the built environment. It focuses on investing in visionary startups that are transforming how sectors use resources, such as utilizing technical and scientific advances to set new efficiency standards.Over the previous five years, Blackhorn Ventures has created a portfolio of 65 companies that have a significant impact on the country's largest and highest-emitting industrial sectors — energy, transportation, buildings and construction, supply chain and logistics. Blackhorn-funded enterprises are benefiting from a push to save money in corporate America while solving fundamental economic concerns such as labor shortages, housing shortages, supply chain resiliency, energy security and the electrification of the nation's transportation infrastructure. These are companies that are revolutionizing long-standing industries such as construction, manufacturing, healthcare, agriculture, transportation, water and energy.Shares of Westlake have gained 22.8% over the past year compared with a 16.6% rise of its industry.\nImage Source: Zacks Investment Research\nThe company, on its first-quarter call, said that it sees continued growth for the Housing and Infrastructure Products segment despite high inflation and interest rates. This is primarily owing to a limited supply of houses and favorable demographics that support sustained housing demand.In the Performance and Essential Materials segment, near-term performance is expected to remain relatively stable. However, growth in this segment could be limited by weak end-market demand and low-priced imports from Asia in some product categories and regions.While the company is waiting for broader economic conditions to improve, it is taking steps to boost profitability in its European operations by implementing structural cost reductions. Additionally, it is investing in projects to enhance the reliability and efficiency of its plants.\n\nWestlake Corp. Price and Consensus\n  \nWestlake Corp. price-consensus-chart | Westlake Corp. Quote\n\nZacks Rank & Key Picks\nWestlake currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include ATI Inc. ATI, Carpenter Technology Corporation CRS, and Ecolab Inc. ECL. ATI carries a Zacks Rank #1 (Strong Buy). ATI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.3%. The company's shares have soared 37.8% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company's shares have soared 97% in the past year.The Zacks Consensus Estimate for Ecolab's current-year earnings is pegged at $6.59 per share, indicating a year-over-year rise of 26.5%. ECL, a Zacks Rank #2 (Buy) stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company's shares have rallied roughly 33.7% in the past year. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWestlake Corp. (WLK) : Free Stock Analysis Report\nEcolab Inc. (ECL) : Free Stock Analysis Report\nATI Inc. (ATI) : Free Stock Analysis Report\nCarpenter Technology Corporation (CRS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446500858"}