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The latest update is out from Enwave Corp ( (TSE:ENW) ).
EnWave Corporation has signed a royalty-bearing commercial license agreement with Solve Solutions Ltda, a Brazilian food company specializing in premium dried fruits, vegetables, and snack products. This agreement allows Solve Solutions to use EnWave’s patented REV™ technology exclusively in Brazil for drying select products, with a commitment to purchase a large-scale REV™ machine within six months. This partnership aims to enhance product development and market positioning for both companies, with Solve Solutions leveraging EnWave’s technology to address supply gaps in high-quality dried ingredients and set new industry standards in Brazil.
The most recent analyst rating on (TSE:ENW) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Enwave Corp stock, see the TSE:ENW Stock Forecast page.
Spark’s Take on TSE:ENW Stock
According to Spark, TipRanks’ AI Analyst, TSE:ENW is a Neutral.
Enwave Corp’s overall stock score is driven by financial performance challenges, including declining revenue and negative profit margins. While the earnings call provided some optimism with increased revenue and capital raising, technical analysis and valuation metrics remain weak. The stock’s long-term potential is supported by strategic expansions and negotiations for large-scale machine sales.
To see Spark’s full report on TSE:ENW stock, click here.
More about Enwave Corp
EnWave Corporation is a global leader in vacuum microwave dehydration technology, headquartered in Delta, BC. The company has developed a robust intellectual property portfolio and its Radiant Energy Vacuum (REV™) technology is used in the food, pharmaceutical, and cannabis industries. EnWave collaborates with over fifty partners across twenty-four countries, offering a scalable drying solution that outperforms traditional methods in efficiency, capacity, product quality, and cost.
Average Trading Volume: 49,914
Technical Sentiment Signal: Hold
Current Market Cap: C$43.25M
See more insights into ENW stock on TipRanks’ Stock Analysis page.