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Birchtech ( (BCHT) ) just unveiled an update.
Birchtech Corp. has secured a non-exclusive license agreement with a large regional coal-fired power utility, resolving a lawsuit over its patented mercury emissions reduction technologies. This agreement, which includes a one-time license fee, allows Birchtech to dismiss claims against this utility while continuing litigation against other defendants. The deal is part of Birchtech’s strategy to offer licensing agreements to utilities, generating cash to support new technology development and growth initiatives. To date, Birchtech has established business relationships with five utilities involved in ongoing lawsuits and has reached 13 license or supply agreements since 2019.
The most recent analyst rating on (BCHT) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Birchtech stock, see the BCHT Stock Forecast page.
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 air and water purification to promote a cleaner, sustainable future. The company offers patented SEA sorbent technologies for mercury emissions capture in the coal-fired utility sector and is developing innovative water purification technologies targeting persistent chemicals like PFAS and PFOS.
Average Trading Volume: 97,588
Technical Sentiment Signal: Buy
Current Market Cap: $68.77M
For an in-depth examination of BCHT stock, go to TipRanks’ Overview page.