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CHAR Technologies ( (TSE:YES) ) has provided an announcement.
CHAR Technologies Ltd. has announced the commencement of kiln installation at its Thorold Renewable Energy Facility, marking a significant milestone in the construction of Phase 1. This phase aims to convert 35,000 tonnes of wood waste annually into over 5,000 tonnes of biocarbon, primarily for use by ArcelorMittal Dofasco under an existing agreement. The project is on schedule for commercial biocarbon production by January 2026. Following Phase 1, CHAR plans to double production capacity and enhance its facility with additional equipment to produce Renewable Natural Gas, with full-scale operations expected in 2026.
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 Ltd. is a leader in sustainable energy solutions, utilizing its first-in-kind high temperature pyrolysis (HTP) technology to process unmerchantable wood and organic wastes. This process generates renewable natural gas (RNG) or green hydrogen and solid biocarbon, serving as a carbon-neutral replacement for metallurgical coal in steelmaking. The company aligns with the global green energy transition by diverting waste from landfills and producing clean energy to decarbonize heavy industry.
Average Trading Volume: 76,910
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$29.02M
Learn more about YES stock on TipRanks’ Stock Analysis page.