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Homerun Resources ( (TSE:HMR) ) has provided an update.
Homerun Resources has signed a Letter of Intent with Germany’s Nikolaus Sorg GmbH & Co. KG to act as technology provider and equipment supplier for a 1,000-tonne-per-day antimony-free solar glass manufacturing plant in Santa Maria Eterna, Bahia, Brazil, which is expected to be Latin America’s first dedicated solar glass facility. The project will use state-of-the-art Western glass technologies, including electric boosting to improve energy efficiency and reduce carbon footprint, and is contingent on a successful bankable feasibility study and project financing, with Homerun and SORG targeting German export credit-backed funding for the technology package and complementary Brazilian development bank support for local project components, underscoring a significant step in Homerun’s industrial build-out and positioning in the regional solar supply chain.
The most recent analyst rating on (TSE:HMR) stock is a Hold with a C$0.86 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.
Spark’s Take on TSE:HMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HMR is a Neutral.
The score is held back primarily by weak financial performance (minimal revenue, substantial losses, and persistent cash burn). Offsetting factors include a relatively low-leverage balance sheet and a set of positive corporate developments and financings, while technicals and valuation remain mixed/limited due to losses.
To see Spark’s full report on TSE:HMR stock, click here.
More about Homerun Resources
Homerun Resources Inc. is a Vancouver-based company advancing a solar glass manufacturing business, focused on producing antimony-free, next-generation photovoltaic glass. Its market strategy centers on establishing a technologically advanced production base in Latin America to serve the growing regional and global solar energy sectors.
Average Trading Volume: 75,611
Technical Sentiment Signal: Hold
Current Market Cap: C$63.53M
For a thorough assessment of HMR stock, go to TipRanks’ Stock Analysis page.