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The latest announcement is out from Leclanche SA ( (CH:LECN) ).
Leclanché SA has announced a strategic move to strengthen its financial structure by converting 40.06 million Swiss francs of debt into equity, including accrued interest. This conversion is aimed at enhancing the company’s financial resilience and providing flexibility for strategic growth initiatives. The action highlights the strong support from the company’s majority shareholder and is seen as a crucial step by CEO Pierre Blanc to bolster the balance sheet.
The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.12 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.
More about Leclanche SA
Leclanché SA is a global leader in low-carbon energy storage solutions, specializing in lithium-ion cell technology. Founded in 1909 in Yverdon-les-Bains, Switzerland, the company is known for its innovation in battery and energy storage. It operates in three business units: energy storage solutions, e-mobility solutions, and specialty battery systems, with production facilities in Germany and representations in eight countries worldwide. Leclanché is listed on the Swiss stock exchange.
Average Trading Volume: 122,750
Technical Sentiment Signal: Strong Sell
Current Market Cap: CHF182.9M
Learn more about LECN stock on TipRanks’ Stock Analysis page.