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Loop Industries ( (LOOP) ) just unveiled an announcement.
Loop Industries reported its first quarter fiscal 2026 results, highlighting significant progress in its projects in India and Europe. The company is advancing off-take agreements and finalizing site selection for its Indian facility, with engineering services agreements in place and capital expenditures estimated at $176 million. In Europe, Loop is collaborating with Reed Societe Generale Group to finalize site selection and plans to use modular construction to enhance project profitability and returns. The company’s financial position shows a decrease in cash operating expenses and sufficient liquidity to fund operations.
The most recent analyst rating on (LOOP) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Loop Industries stock, see the LOOP Stock Forecast page.
Spark’s Take on LOOP Stock
According to Spark, TipRanks’ AI Analyst, LOOP is a Neutral.
Loop Industries faces significant profitability and cash flow challenges, impacting its financial performance score. Technical indicators offer a neutral outlook, and the negative P/E ratio underscores valuation concerns. The lack of earnings call insights and corporate events keeps the focus on these primary factors.
To see Spark’s full report on LOOP stock, click here.
More about Loop Industries
Loop Industries, Inc. is a clean technology company focused on promoting a circular economy for polyester. The company specializes in manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber.
Average Trading Volume: 187,567
Technical Sentiment Signal: Strong Sell
Current Market Cap: $57.74M
See more data about LOOP stock on TipRanks’ Stock Analysis page.