BAK

STEM Education Initiative: The Philadelphia Eagles and Braskem hosted a "Field Day" at Lincoln Financial Field, engaging 125 students in hands-on STEM activities focused on sustainability, physics, and material science as part of their ongoing "Tackling STEM" program that has reached approximately 24,000 students since 2018.

Community Engagement and Sustainability: The event emphasized environmental responsibility, with Braskem employees volunteering to guide students, aiming to inspire the next generation of innovators while reinforcing the importance of STEM education through practical applications in sports and sustainability.

Earnings Highlights: Braskem S.A. reported a consolidated recurring EBITDA of US$102 million for Q4 2024, with a strong cash position of US$2.4 billion to cover debt maturities over the next 47 months.

Investor Relations: The company will host a conference call on February 27 at 09:00 a.m. US ET to discuss its earnings results, with additional information available through their Investor Relations Department.

Major Earnings Reports: Key companies reporting earnings after the market close on Wednesday include NVIDIA, Salesforce, Snowflake, and Teladoc Health.

Additional Earnings Releases: A wide range of other companies are also set to release their earnings reports, covering various sectors and industries.

Braskem SA Governance Update: Braskem S.A. has appointed Mr. Gustavo Raldi Tancini as an independent external member of its Statutory Compliance and Audit Committee, aiming to enhance governance and operational efficiency.

Company Overview and Performance: Braskem is a major player in the petrochemical industry with a focus on sustainable solutions; however, it has experienced a significant year-to-date price decline of 54.54%.

Market Performance: Water utilities shares are lagging behind the market, with a decline of approximately 1.1%, primarily driven by Essential Utilities and American Water Works, which fell by 1.8% and 1.7%, respectively.

Sector Analysis: The article also mentions other sectors experiencing declines, specifically rubber and plastics, indicating a broader trend in certain market segments.

Oversold Stocks in Materials Sector: The materials sector has several oversold stocks, including Celanese Corporation, Dow Inc., and Braskem SA ADR, all having RSI values below 30, indicating potential buying opportunities for undervalued companies.

Recent Stock Performance: Celanese's stock fell 10% recently, Dow's stock decreased by 9%, and Braskem's shares dropped 12%, with each company experiencing significant declines and reaching their respective 52-week lows.

GoldMining (GLDG) Analyst Rating: Heiko Ihle from H.C. Wainwright has reiterated a Buy rating for GoldMining with a price target of $5.50, while the current analyst consensus is a Moderate Buy.

Braskem SA (BAK) Analyst Rating: Leonardo Marcondes from Bank of America Securities maintains a Sell rating on Braskem SA with a price target of $6.50, and the overall analyst consensus suggests a Hold rating with an average price target of $8.67.

Braskem S A Stock Performance: Braskem S A shares have entered oversold territory with an RSI of 27.4, indicating potential buying opportunities as the stock trades around $5.08, close to its 52-week low of $4.92.

Market Comparison: In contrast, the S&P 500 ETF has a higher RSI of 60.2, suggesting that while Braskem's stock is experiencing heavy selling, broader market conditions remain more stable.

Leadership Change at Braskem: Braskem S.A. has appointed Roberto Prisco Paraiso Ramos as the new CEO, effective December 1, 2024, succeeding Roberto Bischoff, with the decision unanimously approved by the Board of Directors.

Investor Implications: This leadership transition may indicate potential shifts in the company's strategic direction, which could be of interest to investors.

Oversold Stocks in Materials Sector: The materials sector has several oversold stocks, including Aspen Aerogels, Braskem, and TMC Metals, which present potential buying opportunities as their RSI values are below 30, indicating they may be undervalued.

Recent Stock Performance: Aspen Aerogels' stock fell 31% over the past month despite better-than-expected revenue; Braskem's stock dropped 36% after an upgrade; and TMC Metals reported a loss while its shares fell 13%, highlighting significant declines across these companies.

Partnership Launch: The Philadelphia Eagles and Braskem have launched a new STEM education program called Tackling STEM for the 2024-2025 school year, aimed at providing free interactive STEM learning opportunities to middle school students in the Greater Philadelphia area, potentially reaching up to 10,000 students.

Community Impact: Since its inception in 2018, the STEM initiative has impacted nearly 15,000 students, focusing on community development and sustainability while also offering professional development for teachers and engaging activities to enhance students' appreciation of STEM subjects.

Tackling STEM Program Launch: The Philadelphia Eagles and Braskem are launching the "Tackling STEM" education program for the 2024-2025 academic year, aiming to empower up to 10,000 middle school students in over 20 schools in the Greater Philadelphia area through free digital and hands-on STEM learning opportunities.

Partnership Impact: Since its inception in 2018, the partnership has reached nearly 15,000 students and focuses on community development, sustainability, and enhancing STEM career awareness, while also providing professional development for teachers and interactive field trips for students.

Impact of U.S. Protectionism on Brazilian Firms: Brazilian companies Gerdau and Braskem are leveraging their significant U.S. operations as a buffer against potential tariffs proposed by President-elect Donald Trump, which could enhance their profitability amid increased U.S. steel demand and protectionist policies.

Brazil's Response to Potential Trade War: Both companies advocate for Brazil to impose higher tariffs to protect its market from an influx of imports redirected from the U.S., with calls for raising existing tariffs to combat cheap Chinese products entering Brazil.

Braskem's Financial Performance: In its 3Q24 earnings release, Braskem reported a consolidated recurring EBITDA of US$432 million, marking a 35% increase from 2Q24 and a 130% rise compared to 3Q23.

Strong Cash Position: The company holds a cash position of US$2.4 billion, which secures coverage for debt maturities over the next 52 months, alongside an operating cash generation of US$75 million.

CEO Transition: Braskem's CEO Roberto Bischoff will leave the company on November 30, with Roberto Prisco Paraiso Ramos appointed as his successor. Paraiso Ramos has prior experience as CEO of Ocyan Participações and held executive roles at Lanxess and Braskem.

Legal Issues: Braskem and 19 individuals have been formally accused by Brazilian police following an investigation into ground subsidence in Maceio linked to salt mining activities, which led to the evacuation of thousands of families since operations were halted in 2019.

Braskem Accusations: Brazilian police have formally accused petrochemical firm Braskem and 19 individuals of crimes related to ground sinking in Maceio, linked to the company's salt mining activities that began in the 1970s and were halted in 2019 due to public safety concerns.

Ongoing Investigations and Reparations: The accusations include pollution and damage to public property, while Braskem has stated it is cooperating with the investigation and has been paying reparations to affected residents over the past few years.

Investigation Outcome: Brazil's federal police have formally accused 20 individuals in connection with a sinking ground disaster linked to salt mining activities by petrochemicals firm Braskem in Maceio, although the specific charges and identities of the accused remain undisclosed.

Company Response: Braskem, which halted its mining operations in 2019 due to environmental concerns, stated it has cooperated with the investigation and maintains confidence in those implicated, while continuing to pay reparations to affected residents.

Stock Performance Overview: BAK's stock has a 52-week low of $5.28 and a high of $10.9801, with the last trade recorded at $7.58.

Market Insights: The article hints at additional information regarding other stocks that have recently surpassed their 200-day moving average.

UAE Oil Producer's Acquisition: The Abu Dhabi National Oil Company (Adnoc) is poised to finalize a $13 billion deal to acquire Germany's Covestro, marking a significant move towards becoming a fully integrated energy company.

Negotiation Details: The acquisition talks have been ongoing for over a year, focusing on price negotiations and job protections for Covestro employees, with an announcement expected soon unless unforeseen issues arise.

Braskem's Funding Announcement: Braskem has been selected by the U.S. Department of Energy to negotiate a $50 million award aimed at expanding its ultra-high molecular weight polyethylene (UHMWPE) production in Texas, specifically for lithium-ion battery separators, which is expected to create over 250 skilled jobs.

UTEC Product Benefits: The UTEC material offers superior properties such as chemical stability and thermal resistance, making it ideal for lightweight electric vehicle battery separators, thereby enhancing battery efficiency and contributing to reduced carbon emissions.