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BluMetric Environmental ( (TSE:BLM) ) has shared an announcement.
BluMetric Environmental has secured a US$1.5 million contract to supply a membrane bioreactor wastewater treatment plant for a private housing development in Florida, designed initially to treat 150,000 gallons per day with potential expansion to 300,000 gallons. The system will be manufactured by its WaterTech USA division in Gainesville and is expected to be delivered and commissioned within 12 months, including remote monitoring and ongoing supply of spare parts and consumables.
Management highlighted that wastewater treatment is an expanding part of BluMetric’s WaterTech business and sees U.S. housing developments and plants of this size as key drivers of recurring base-load revenue as the company scales. In response to rising demand and a significant year-over-year increase in U.S. project proposals, BluMetric is in active discussions to potentially double its Gainesville manufacturing footprint from 25,000 to 50,000 square feet, which would increase capacity to serve higher U.S.-based demand.
The most recent analyst rating on (TSE:BLM) stock is a Sell with a C$0.96 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.
The score is driven primarily by weakened financial performance: margins have compressed, profitability is negative, and recent operating/free cash flow are both negative despite revenue growth. Technicals also lean bearish with the price below major moving averages and a slightly negative MACD. Valuation is constrained by current losses (negative P/E) and no indicated dividend yield support.
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 with more than 335 employees across 16 offices and three manufacturing facilities, it serves commercial and industrial, government, military, and mining clients in North America and the Caribbean.
Average Trading Volume: 85,177
Technical Sentiment Signal: Hold
Current Market Cap: C$55.13M
Find detailed analytics on BLM stock on TipRanks’ Stock Analysis page.