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Greenlane Renewables Inc ( (TSE:GRN) ) just unveiled an announcement.
Greenlane Renewables Inc. has announced the promotion of Dale Goudie to Chief Technology Officer. With 30 years of engineering experience, Goudie has been instrumental in developing Greenlane’s Cascade LF landfill gas upgrading system and expanding the company’s patent portfolio. His promotion reflects his leadership and innovative contributions, which have positioned Greenlane as a technology leader in the renewable natural gas market. As CTO, Goudie will continue to drive technological advancements and commercialization efforts that support global decarbonization, strengthening Greenlane’s leadership in biogas desulfurization and upgrading solutions.
The most recent analyst rating on (TSE:GRN) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Greenlane Renewables Inc stock, see the TSE:GRN Stock Forecast page.
Spark’s Take on TSE:GRN Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRN is a Neutral.
Greenlane Renewables Inc shows a mixed financial picture with positive cash flow and a stable balance sheet but faces challenges with declining revenue and net losses. The earnings call provided a positive outlook with revenue growth and profitability improvements. Technical indicators suggest bearish momentum, while valuation metrics indicate reasonable pricing. The company’s innovative product launch and increased sales backlog are promising, despite delayed revenue realization.
To see Spark’s full report on TSE:GRN stock, click here.
More about Greenlane Renewables Inc
Greenlane Renewables Inc. is a pioneer and leading global specialist in biogas desulfurization and upgrading, actively contributing to the decarbonization of the planet for over 35 years. The company transforms biogas generated from organic waste into high-value grid-ready renewable natural gas (RNG) from various sources such as landfills, sugar mills, dairy farms, wastewater, and food waste. Greenlane is committed to accelerating the energy transition by cleaning up the natural gas grid and commercial transportation sectors.
Average Trading Volume: 221,946
Technical Sentiment Signal: Buy
Current Market Cap: C$37.13M
See more insights into GRN stock on TipRanks’ Stock Analysis page.