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Northstar Clean Technologies ( (TSE:ROOF) ) just unveiled an update.
Northstar Clean Technologies has completed its first sale of liquid asphalt to McAsphalt Industries, a subsidiary of Colas Canada, marking the inaugural revenue-generating transaction from its newly built Empower Calgary Facility. The shipment, produced from recycled asphalt shingles, is described by both companies as a key commercial and operational milestone that advances Northstar’s move toward profitable operations and validates the role of McAsphalt as a strategic offtake partner. With operations ramping up at the Calgary plant, Northstar expects to begin regular, ongoing commercial sales to McAsphalt under an offtake agreement starting in January 2026, a development that could strengthen its position in the emerging market for sustainable asphalt materials and support broader adoption of circular-economy practices in the roofing and paving sectors.
The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.
Spark’s Take on TSE:ROOF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ROOF is a Neutral.
Northstar Clean Technologies is facing significant financial challenges, with negative profitability and cash flow issues being the most impactful factors. The technical analysis indicates bearish momentum, further weighing on the stock’s prospects. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall stock score.
To see Spark’s full report on TSE:ROOF stock, click here.
More about Northstar Clean Technologies
Northstar Clean Technologies is a Canadian waste-to-value technology company specializing in the sustainable recovery and reprocessing of discarded asphalt shingles. Using a proprietary process, it extracts liquid asphalt for use in new hot mix asphalt shingles and flat roof systems, while also reclaiming aggregate and fibre for construction and industrial applications, with its first commercial-scale facility located in Calgary, Alberta and a stated focus on circular-economy solutions across North America.
Average Trading Volume: 271,400
Technical Sentiment Signal: Sell
Current Market Cap: C$37.16M
See more insights into ROOF stock on TipRanks’ Stock Analysis page.