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The latest announcement is out from CHAR Technologies ( (TSE:YES) ).
CHAR Technologies reported construction progress at its Thorold Renewable Energy Facility in Ontario, with recent delivery and ongoing installation of key systems including the kiln’s thermal management unit, biochar cooling conveyors, a cooling system, dust collection equipment and a specialty air-lock conveyor as the project moves toward its first phase of commercial biocarbon production. In tandem, the company has hired Germany-focused Apaton Finance GmbH for a 10-week, EUR 46,000 investor relations mandate to boost market awareness through multilingual digital content and distribution, aiming to broaden its European investor base and enhance visibility as it builds out its low-carbon energy infrastructure.
The most recent analyst rating on (TSE:YES) stock is a Buy with a C$0.55 price target. To see the full list of analyst forecasts on CHAR Technologies stock, see the TSE:YES Stock Forecast page.
Spark’s Take on TSE:YES Stock
According to Spark, TipRanks’ AI Analyst, TSE:YES is a Neutral.
The overall stock score is primarily impacted by the company’s weak financial performance and unattractive valuation. While technical indicators show some short-term strength, the financial challenges and lack of earnings call data weigh heavily on the score.
To see Spark’s full report on TSE:YES stock, click here.
More about CHAR Technologies
CHAR Technologies is a Canadian clean-tech company that develops high temperature pyrolysis (HTP) systems to process unmerchantable wood and organic waste into renewable natural gas or green hydrogen and solid biocarbon, a carbon-neutral substitute for metallurgical coal in steelmaking. Its waste-to-energy solutions are positioned to support the global energy transition by diverting waste from landfills and decarbonizing heavy industry.
Average Trading Volume: 93,242
Technical Sentiment Signal: Buy
Current Market Cap: C$36.75M
Find detailed analytics on YES stock on TipRanks’ Stock Analysis page.