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The latest announcement is out from CHAR Technologies ( (TSE:YES) ).
CHAR Technologies has secured a C$10 million commitment from The BMI Group to advance engineering and design work on the Espanola biocarbon project in Northern Ontario, a planned facility capable of producing up to 50,000 tonnes of low-carbon biocarbon annually—five times the capacity of the partners’ existing Thorold Renewable Energy Facility. Located at BMI’s newly acquired Bioveld North site, the project aims to convert local wood waste and forestry residuals into biocarbon and synthetic gas, leveraging legacy pulp-and-paper infrastructure to accelerate redevelopment, create long-term industrial employment, support sustainable forestry supply chains, and position the site as a clean-energy anchor in one of Canada’s key forestry regions.
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-technology company that develops high-temperature pyrolysis systems to process unmerchantable wood and organic waste into renewable natural gas or green hydrogen and solid biocarbon, a carbon-neutral replacement for metallurgical coal. The company is also building a vertical focused on permanently destroying PFAS in wastewater biosolids, allowing municipal and industrial clients to eliminate these pollutants while converting biosolids into energy and low-carbon solid products.
Average Trading Volume: 97,114
Technical Sentiment Signal: Buy
Current Market Cap: C$39.43M
For a thorough assessment of YES stock, go to TipRanks’ Stock Analysis page.