Stoneridge, Inc. shares rise 4.21% intraday after Coastal Bend LNG selects ConocoPhillips' liquefaction technology.

Stoneridge, Inc. rose 4.21% in intraday trading, with the company's stock price increasing following the announcement that Coastal Bend LNG has selected ConocoPhillips' Optimized Cascade® Process liquefaction technology for its planned natural gas liquefaction and export facility on the Texas Gulf Coast. This news is positive for Stoneridge, Inc. as it indicates potential growth in the energy sector, which could benefit the company's operations and financial performance.