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Greenlane Renewables Inc ( (TSE:GRN) ) has shared an announcement.
Greenlane Renewables Inc. announced $7.9 million in new orders for its biogas desulfurization equipment from repeat customers, highlighting strong market adoption and reinforcing its position as an industry standard. The company’s proprietary technology, which began gaining traction in Italy, is now expanding across Europe and into the Americas, reflecting customer confidence in its dependable and cost-effective hydrogen sulfide removal solutions.
Spark’s Take on TSE:GRN Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRN is a Neutral.
Greenlane Renewables Inc’s stock score is primarily influenced by its financial performance and technical analysis. The company shows positive cash flow and stable balance sheet, but faces challenges with declining revenue and net losses. Technical indicators are favorable, suggesting bullish momentum. However, the high P/E ratio indicates potential overvaluation, which negatively impacts the overall score.
To see Spark’s full report on TSE:GRN stock, click here.
More about Greenlane Renewables Inc
Greenlane Renewables Inc. is a global leader in biogas desulfurization and upgrading systems, focusing on transforming biogas from organic waste into renewable natural gas (RNG). The company has been contributing to the decarbonization of the natural gas grid and commercial transportation sectors for over 35 years, with more than 355 systems supplied across 28 countries.
Average Trading Volume: 386,948
Technical Sentiment Signal: Buy
Current Market Cap: C$37.67M
For an in-depth examination of GRN stock, go to TipRanks’ Overview page.