Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Northstar Clean Technologies ( (TSE:ROOF) ).
Northstar Clean Technologies has selected Baltimore, Maryland, as the site of its first U.S. commercial facility, agreeing to a non-binding lease for a 54,000-square-foot building with additional outside storage and a 10-year term plus renewal options, with lease commencement planned for mid-2026 and operations targeted for the second half of 2027. The Baltimore location is intended to optimize project economics, streamline construction by using an existing building, and support Northstar’s supply agreement with TAMKO’s nearby Frederick, Maryland, shingle plant, while the company advances permitting and continues to strengthen its balance sheet by issuing shares in lieu of cash interest on several convertible debenture tranches, converting nearly $2.5 million of such debt into equity and signaling ongoing support from its capital providers.
The most recent analyst rating on (TSE:ROOF) stock is a Sell with a C$0.21 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 cleantech company focused on circular asphalt shingle reprocessing, turning waste roofing materials into reusable asphalt products. Its business targets regions with strong economics driven by tipping fees, asphalt pricing and access to shingle supply, and it works with strategic partners such as U.S.-based shingle manufacturer TAMKO Building Products to secure offtake for its recycled asphalt output.
Average Trading Volume: 264,677
Technical Sentiment Signal: Sell
Current Market Cap: C$34.17M
For a thorough assessment of ROOF stock, go to TipRanks’ Stock Analysis page.