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Canaccord Genuity ( (TSE:CF) ) has provided an update.
Canaccord Genuity Group Inc. has acquired U.S.-based Carbon Reduction Capital, LLC, a prominent advisor specializing in M&A, project finance, and capital raising across the renewable energy spectrum, including wind, solar, storage, carbon capture and broader energy transition segments. The deal strengthens Canaccord Genuity’s advisory and capital markets capabilities in high-growth sustainable energy sectors and establishes a new Energy Transformation group within its U.S. Sustainability – Energy and Industrial Transformation investment banking platform, led by CRC-IB partners. By integrating CRC-IB’s track record of more than 400 transactions worth about US$91 billion with Canaccord’s global M&A and equity capital markets franchise, the firm aims to expand its U.S. and international market share in renewable energy advisory, offering enhanced services to public and private companies and financial sponsors in commercial and industrial markets.
The most recent analyst rating on (TSE:CF) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Canaccord Genuity stock, see the TSE:CF Stock Forecast page.
Spark’s Take on TSE:CF Stock
According to Spark, TipRanks’ AI Analyst, TSE:CF is a Neutral.
The overall stock score of 50 reflects significant challenges in financial performance, particularly with profitability and leverage. Technical analysis shows a neutral to slightly positive trend, while valuation concerns persist due to negative earnings. The dividend yield offers some compensation for these risks.
To see Spark’s full report on TSE:CF stock, click here.
More about Canaccord Genuity
Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm operating in wealth management and capital markets. Established in 1950, it provides comprehensive investment solutions, brokerage, and investment banking services to individual, institutional, and corporate clients, with wealth management offices across Canada, the UK, Crown Dependencies, and Australia, and an international capital markets presence in North America, UK & Europe, Asia, and Australia. The company is listed on the Toronto Stock Exchange under the symbol CF.
Average Trading Volume: 119,182
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.17B
Find detailed analytics on CF stock on TipRanks’ Stock Analysis page.