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An announcement from Icon Energy Corp. ( (ICON) ) is now available.
In December 2025, Icon Energy Corp. reported a strengthened commercial position in the dry bulk market, highlighting that all three vessels in its fleet are employed on index-linked time charters tied to the Baltic Panamax and Supramax indices and that the time charter for M/V Alfa was extended in December 2025 on an evergreen basis, with earliest expiry in July 2026. The company said this chartering strategy enabled it to capture higher market rates during 2025, with average gross hire per vessel rising to about $15,450 per day in the third quarter of 2025—up 41% from the previous quarter and 21% year-on-year—driving quarterly revenues to $4.2 million, more than double the prior quarter and nearly five times the third quarter of 2024, while early fourth-quarter averages of roughly $15,750 per day and healthy dry bulk fundamentals are supporting stronger cash generation from its expanded fleet, including the additions of M/V Charlie in June 2025 and M/V Bravo in August 2024. Separately, on December 18, 2025, the board authorized a share repurchase program of up to $1.0 million of outstanding common shares through December 31, 2026, signaling management’s confidence in the company’s financial trajectory and offering potential value support for shareholders.
The most recent analyst rating on (ICON) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Icon Energy Corp. stock, see the ICON Stock Forecast page.
Spark’s Take on ICON Stock
According to Spark, TipRanks’ AI Analyst, ICON is a Neutral.
Icon Energy Corp. is currently experiencing significant financial and market challenges. The financial performance is weak, with declining revenues, increasing debt, and cash flow issues. Technical analysis indicates negative market sentiment and bearish trends. Valuation is difficult to assess, but the low stock price suggests potential undervaluation. Overall, the stock score reflects the need for strategic actions to address financial instability and improve future performance.
To see Spark’s full report on ICON stock, click here.
More about Icon Energy Corp.
Icon Energy Corp. is an Athens-based international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via a fleet of oceangoing Panamax, Kamsarmax and Ultramax vessels, generating revenues by chartering its ships to regional and international dry bulk operators, commodity traders and end users. The company’s common shares trade on the Nasdaq Capital Market under the symbol ICON.
Average Trading Volume: 682,564
Technical Sentiment Signal: Sell
For an in-depth examination of ICON stock, go to TipRanks’ Overview page.