Eguana Technologies (TSE:EGT) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Eguana Technologies Inc., a leader in energy storage systems, has switched its auditor from KPMG LLP to MNP LLP and is facing near and medium-term cash constraints due to missed payments from a major U.S. customer. Despite these challenges, the customer has increased sales and started making weekly payments. The company is in ongoing negotiations regarding its senior long-term debt payments after failing to make a scheduled interest-only payment, which could lead to a formal default.
For further insights into TSE:EGT stock, check out TipRanks’ Stock Analysis page.
