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Kraken Robotics Systems Inc ( (TSE:PNG) ) has provided an update.
Kraken Robotics has secured $35 million in SeaPower battery sales from three undisclosed customers, underscoring growing demand for its high energy density power systems used in unmanned underwater vehicles across defence, commercial, and research markets. The company is bringing new battery manufacturing capacity online in North America in early 2026, complementing its European operations and positioning Kraken to capitalize on rapid growth in the UUV segment, from extra-large to small platforms, by enabling longer, deeper, and more complex subsea missions.
The most recent analyst rating on (TSE:PNG) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Kraken Robotics Systems Inc stock, see the TSE:PNG Stock Forecast page.
Spark’s Take on TSE:PNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNG is a Neutral.
Kraken Robotics Systems Inc’s stock score is primarily driven by strong technical momentum, with the stock trading above key moving averages and positive MACD. However, the high P/E ratio suggests overvaluation, and significant cash flow issues present risks. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:PNG stock, click here.
More about Kraken Robotics Systems Inc
Kraken Robotics Inc., headquartered in Canada and listed on the TSX Venture Exchange and OTCQB, operates in the subsea technology industry, providing 3D imaging sensors, power solutions, and robotic systems for unmanned underwater vehicles and other subsea applications. Its portfolio includes synthetic aperture sonar, sub-bottom imaging, LiDAR systems, and high energy density, pressure-tolerant batteries that support defence, commercial, and marine research customers in more than 30 countries across North and South America and Europe.
Average Trading Volume: 1,785,593
Technical Sentiment Signal: Buy
Current Market Cap: C$2.42B
See more insights into PNG stock on TipRanks’ Stock Analysis page.