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Calix Ltd. ( (AU:CXL) ) has shared an announcement.
Calix Limited announced that its subsidiary, Leilac, is scaling back its U.S. projects due to ongoing reviews of government spending by the Trump administration. The uncertainty surrounding U.S. Department of Energy funding has led Leilac to reduce resources and costs to maintain a cash-neutral position. Despite this, Calix and Leilac are prepared to expand their project capacity in the U.S. once funding is confirmed, while continuing to focus on opportunities in Europe and Asia Pacific.
The most recent analyst rating on (AU:CXL) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.
More about Calix Ltd.
Calix Limited (ASX: CXL) is an environmental technology company focused on industrial decarbonisation and sustainability. It leverages its patented core platform technology for efficient mineral processing and capturing industrial emissions, targeting industries such as cement, steel, alumina, and critical minerals. Calix is committed to addressing global decarbonisation needs and developing sustainable environmental products.
Average Trading Volume: 427,980
Technical Sentiment Signal: Sell
Current Market Cap: A$69.76M
Find detailed analytics on CXL stock on TipRanks’ Stock Analysis page.