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Birchtech Secures Key Agreements with Power Utilities, Strengthening Market Position

Story Highlights
  • Birchtech Corp. has secured agreements with two coal-fired power utilities, removing them from its 2024 Iowa litigation.
  • The agreements enhance Birchtech’s market presence and operational efficiencies, reflecting its successful industry approach.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Birchtech Secures Key Agreements with Power Utilities, Strengthening Market Position

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Birchtech ( (BCHT) ) has issued an update.

Birchtech Corp. has secured non-exclusive license and supply bidding agreements with two coal-fired power utilities, leading to the removal of these utilities and their parent company from the company’s 2024 Iowa patent litigation. These agreements, which include a one-time license fee and a five-year right to participate in bidding processes, reflect Birchtech’s successful ‘business-first’ approach in the coal-fired power industry. The company has established relationships with four utilities involved in the Iowa lawsuits, enhancing its market presence and operational efficiencies for stakeholders. Despite ongoing litigation with other defendants, Birchtech continues to protect its intellectual property and expand its business reach.

Spark’s Take on BCHT Stock

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

Birchtech faces substantial financial challenges, including negative equity and volatile revenue, despite some cash flow improvements. Technical indicators are bearish, and the stock’s valuation lacks appeal with no dividend and negative earnings. The market’s neutral response to the latest earnings call provides little additional insight. Overall, the stock score reflects these mixed factors, with significant concerns overshadowing the positives.

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

More about Birchtech

Birchtech Corp. is a leader in specialty activated carbon technologies, focusing on sustainable air and water treatment solutions. The company provides patented SEA® sorbent technologies for mercury emissions capture in the coal-fired utility sector and is developing water purification technologies targeting forever chemicals like PFAS and PFOS. Birchtech is committed to delivering cleaner air and water to North American communities, backed by a strong intellectual property portfolio and a team of activated carbon experts.

Average Trading Volume: 127,497

Technical Sentiment Signal: Strong Buy

Current Market Cap: $68.77M

For a thorough assessment of BCHT stock, go to TipRanks’ Stock Analysis page.

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