Superior Plus ( (TSE:SPB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Superior Plus has seen a notable stock price movement following its announcement of ambitious financial targets. The company aims to achieve over $70 million in incremental Adjusted EBITDA by 2027, a significant increase from its previous target of $50 million. Additionally, Superior Plus plans to boost its Adjusted EBITDA per share and Free Cash Flow, while also reducing its leverage ratio and committing to share repurchases to enhance shareholder value. These strategic moves are designed to solidify its position as a top energy solutions provider in North America.
More about Superior Plus
YTD Price Performance: 3.79%
Average Trading Volume: 882,837
Technical Sentiment Signal: Buy
Current Market Cap: C$1.51B
For further insights into SPB stock on TipRanks’ Stock Analysis page.
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