- Hydraulic fracturing company Calfrac Well Services Ltd (OTC:CFWFF) has introduced Allison Transmission Holdings Inc (NYSE:ALSN) FracTran into its field operations.
- Allison’s FracTran, compatible with dual fuel engines capable of running on natural gas, offers increased horsepower and substantially reduced idle time.
- Calfrac, which integrated the Allison FracTran into its hydraulic fracturing pump in April, noticed a productivity improvement compared to its other hydraulic fracturing pumps.
- FracTran incorporates eight gear ranges with multiple gear ratios, with a rating of 3,300 horsepower and 10,000 lb.-ft. of input torque.
- It offers filter and fluid life prognostics, a transmission-mounted control module, torsional measuring diagnostics, and a telematics gateway.
- Price Action: ALSN shares are trading higher by 3.48% at $38.60 on the last check Tuesday.
Loop Capital Maintains Hold on Meta Platforms, Lowers Price Target to $165
Loop Capital analyst Rob Sanderson maintains Meta Platforms (NASDAQ:META) with a Hold and lowers the price target from $180 to $165.
