- Xebec stock pops 23% upon CEO change
- Gas prices could also push the stock upwards
- Unbeaten Q3 earnings resulted in YTD stock decline
Renewable gas maker of Canada, Xebec Adsorption (XBC.TO) jumps 23% suddenly for just changing its CEO although the transition takes place officially on May 12, 2022. Approximately 2 million Xebec shares are taking part in pushing the stock price above the CAD 2.00 mark.
Moreover, natural gas depended nations are in fear of its hiking prices in Europe and North America. That’s why even renewable gas is also getting expensive when replacing natural one. This chance can come only once due to a vital moment created by Russian aggression. So Xebec should sell as much gas as possible to developed markets like the U.S, Canada, the UK, Germany, France, Poland, Japan, and others.
This year XBC.TO has been declining due to expected earnings of Q3, Q2, Q1 2021 were not beaten. The stock is still cheap while trading with the Canadian dollar. If the revenue will get higher this season Xebec might enjoy high profits in Q1 2022.
What Xebec does
To reduce carbon footprint Xebec gives gas solutions in any kind of industry while being located in Quebec, Canada. The company has helped thousands in providing natural renewable gas, hydrogen, oxygen, and nitrogen.