BluMetric Secures $5 Million Caribbean WaterTech and O&M Contracts

BluMetric Environmental ( (TSE:BLM) ) has issued an announcement.

BluMetric Environmental has secured two contracts in the Caribbean worth a combined CA$5 million, underscoring its growing presence in regional water infrastructure. The company will provide a complete WaterTech solution for a private island in the Exumas, Bahamas, including a seawater reverse osmosis system capable of producing 320,000 gallons per day of potable water and a membrane bioreactor to treat 120,000 gallons per day of wastewater, in a project valued at CA$3.4 million. In addition, BluMetric has signed a CA$1.6 million, one-year operations and maintenance agreement for its desalination plant in St. Kitts and Nevis, which is expected to be renewed annually and marks its first recurring O&M contract in the Caribbean. Together, these wins highlight the company’s effort to pair its deployed WaterTech systems with recurring service contracts, reinforcing its long-term client relationships and positioning in the sustainable water and wastewater solutions market.

The most recent analyst rating on (TSE:BLM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on BluMetric Environmental stock, see the TSE:BLM Stock Forecast page.

Spark’s Take on TSE:BLM Stock

According to Spark, TipRanks’ AI Analyst, TSE:BLM is a Neutral.

BluMetric Environmental’s stock score is primarily influenced by its mixed financial performance and positive technical indicators. While revenue growth and stable leverage are positives, profitability and cash flow challenges weigh heavily. The technical analysis suggests some positive momentum, but valuation concerns due to negative earnings and lack of dividends limit the overall attractiveness.

To see Spark’s full report on TSE:BLM stock, click here.

More about BluMetric Environmental

BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm that designs, fabricates and delivers sustainable solutions to complex water and environmental challenges. Headquartered in Ottawa, the company employs more than 385 staff across 15 offices and three manufacturing facilities, serving commercial and industrial clients, as well as government, military and mining sectors, with over 50 years of operating history.

Average Trading Volume: 57,788

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$50.65M

Learn more about BLM stock on TipRanks’ Stock Analysis page.