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WOODCLIFF LAKE, N.J. - Hudson Technologies, Inc. (NASDAQ:HDSN), a $445 million market cap company with strong financial health according to InvestingPro analysis, has partnered with DC Sustainable Energy Utility (DCSEU) to launch a Refrigerant Recovery and Reclamation Pilot program aimed at reducing greenhouse gas emissions, according to a company statement released Monday.
The initiative focuses on recovering refrigerants during servicing to prevent their release into the atmosphere. Unlike traditional utility programs that measure success in energy savings, this pilot specifically targets greenhouse gas reductions. The company’s solid financial position, with a current ratio of 3.88 and minimal debt, provides strong backing for this environmental initiative.
Through the program, Hudson provides HVAC contractors with training on recovery best practices, supplies storage containers for used refrigerants, covers shipping logistics, and offers financial incentives for recovered refrigerant in addition to those provided by DCSEU.
"Refrigerant recovery, reclamation and reuse can result in 70% less emissions compared to using newly manufactured refrigerant," said Kate Houghton, Senior Vice President of Sales and Marketing at Hudson, citing a 2024 RMI report.
The pilot converts what was previously an expense for contractors into a potential revenue stream while contributing to environmental protection. Refrigerants can have thousands of times the global warming potential of carbon dioxide when leaked into the atmosphere.
"Our partnership with Hudson ensures that refrigerants are handled responsibly within the District and kept out of the atmosphere, directly aligning with the District’s climate action goals," said Ben Burdick, Managing Director at DCSEU.
The program particularly targets contractors working on DCSEU initiatives like the Affordable Home Electrification Program, which decommissions older HVAC systems.
Hudson Technologies, a refrigerant reclaimer, provides products and services primarily used in commercial air conditioning, industrial processing, and refrigeration systems. The company has shown impressive market performance, with its stock trading near its 52-week high and posting a remarkable 76% return over the past six months. InvestingPro subscribers have access to 8 additional key insights about Hudson Technologies, including detailed financial health metrics and growth indicators. Get the complete picture with InvestingPro’s comprehensive research report, part of their coverage of over 1,400 US stocks.
In other recent news, Hudson Technologies reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.23, compared to the forecasted $0.16, marking a 43.75% surprise. This performance was bolstered by robust revenue of $72.8 million, which also exceeded projections. In addition to the strong earnings report, Canaccord Genuity upgraded Hudson Technologies from Hold to Buy, increasing its price target to $10.50 from $6.75. The upgrade was attributed to favorable pricing that led to significant margin expansion in the second quarter, despite lighter volumes than anticipated. The company’s core selling season typically occurs from April to June, but this year, temperatures remained low until the latter half of June. These recent developments highlight significant shifts in Hudson Technologies’ financial performance and market outlook.
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