Clear Blue Signs LOI to Power Eutelsat’s Konnect WiFi Rollout Across Africa

An update from Clear Blue Technologies International ( (TSE:CBLU) ) is now available.

Clear Blue Technologies has signed a three-year letter of intent with Eutelsat Group to supply its Pico-Plus off-grid power systems for the rollout of Eutelsat’s Konnect WiFi service across Africa, marking a significant step-up in their partnership. The deal outlines initial purchase orders of about 1,100 units worth roughly CA$1 million, with deliveries expected in 2026 to four African countries and a target of up to 15,000 Pico-Plus systems over three years, subject to demand. By integrating Clear Blue’s intelligent solar power and energy management technology into Eutelsat’s GEO Konnect and LEO OneWeb satellite platforms, the collaboration aims to provide reliable, scalable and power-efficient broadband connectivity in regions with unstable electricity, bolstering Clear Blue’s positioning in off-grid telecom power and supporting Eutelsat’s strategy to expand affordable internet access across Sub-Saharan Africa.

The most recent analyst rating on (TSE:CBLU) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Clear Blue Technologies International stock, see the TSE:CBLU Stock Forecast page.

Spark’s Take on TSE:CBLU Stock

According to Spark, TipRanks’ AI Analyst, TSE:CBLU is a Neutral.

The overall stock score is primarily impacted by the company’s poor financial performance, characterized by negative profitability and high leverage. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively suggest significant risks and challenges for the stock.

To see Spark’s full report on TSE:CBLU stock, click here.

More about Clear Blue Technologies International

Clear Blue Technologies International is a Toronto-based provider of Smart Off-Grid power solutions and services for mission-critical infrastructure, including telecommunications networks, Internet of Things (IoT) deployments and street lighting. Its technology focuses on delivering reliable, solar-based power with intelligent monitoring and analytics to enable cost savings, predictive maintenance and consistent performance in remote or energy-constrained environments.

Average Trading Volume: 70,275

Technical Sentiment Signal: Sell

Current Market Cap: C$3.93M

For detailed information about CBLU stock, go to TipRanks’ Stock Analysis page.