Chart Industries to Convert Preferred Stock to Common

Chart Industries ( (GTLS) ) has shared an update.

On December 15, 2025, Chart Industries, Inc. will automatically convert its outstanding depositary shares, linked to its 6.75% Series B Mandatory Convertible Preferred Stock, into common stock. This conversion will occur without action from shareholders, with each depositary share converting into 0.3526 shares of common stock, and any fractional shares settled in cash. Trading of these depositary shares on the NYSE will be suspended and the shares are expected to be delisted, impacting the company’s stock structure and market presence.

The most recent analyst rating on (GTLS) stock is a Hold with a $214.00 price target. To see the full list of analyst forecasts on Chart Industries stock, see the GTLS Stock Forecast page.

Spark’s Take on GTLS Stock

According to Spark, TipRanks’ AI Analyst, GTLS is a Neutral.

Chart Industries’ overall stock score reflects strong revenue growth and strategic positioning through the Baker Hughes acquisition. However, high valuation metrics, overbought technical indicators, and legal challenges related to the merger weigh on the score. Addressing profitability and cash flow issues remains crucial for future stability.

To see Spark’s full report on GTLS stock, click here.

More about Chart Industries

Chart Industries, Inc. operates in the industrial manufacturing sector, focusing on providing equipment and services related to cryogenics and gas processing technologies. The company is known for its expertise in designing and manufacturing products for the energy and industrial gas markets.

Average Trading Volume: 729,872

Technical Sentiment Signal: Buy

Current Market Cap: $9.23B

For detailed information about GTLS stock, go to TipRanks’ Stock Analysis page.