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Northstar Clean Technologies ( (TSE:ROOF) ) just unveiled an announcement.
Northstar Clean Technologies has secured a five-year contract with the City of Calgary to reprocess waste asphalt shingles, marking a significant step in advancing the city’s waste diversion goals. The contract, alongside existing agreements, ensures sufficient feedstock for Northstar’s newly opened Empower Calgary Facility, a pioneering commercial-scale operation in North America that transforms landfill waste into valuable materials, showcasing a successful circular economy model.
The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 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.
The overall stock score is primarily impacted by significant financial challenges, with declining revenues, high leverage, and cash flow difficulties. Technical analysis provides some neutral signals, but the negative P/E ratio and lack of dividend yield further weigh down the score. The absence of earnings call data and corporate events leaves the financial performance as the dominant factor.
To see Spark’s full report on TSE:ROOF stock, click here.
More about Northstar Clean Technologies
Northstar Clean Technologies Inc. operates in the clean technology industry, focusing on the reprocessing of waste asphalt shingles into reusable industrial products. The company aims to provide sustainable solutions for waste management and is positioned to support municipal landfill diversion goals.
Average Trading Volume: 210,235
Technical Sentiment Signal: Buy
Current Market Cap: C$47.51M
Learn more about ROOF stock on TipRanks’ Stock Analysis page.