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The latest announcement is out from Progressive Planet Solutions Inc ( (TSE:PLAN) ).
Progressive Planet has successfully completed the first concrete pour using its PozGlass SCM, substituting 20% of Portland cement in the process. This milestone, supported by the National Research Council of Canada and the BC Innovative Clean Energy Fund, marks a significant step in British Columbia’s clean technology sector, showcasing the potential for collaboration between government, industry, and research to drive sustainable innovation.
The most recent analyst rating on (TSE:PLAN) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Progressive Planet Solutions Inc stock, see the TSE:PLAN Stock Forecast page.
Spark’s Take on TSE:PLAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:PLAN is a Neutral.
The overall stock score is driven primarily by strong financial performance, with significant revenue growth and improved profitability. However, technical analysis indicates bearish momentum, which could pose short-term risks. Valuation is reasonable, but the lack of a dividend yield may deter some investors. The absence of earnings call and corporate events data means these factors did not influence the score.
To see Spark’s full report on TSE:PLAN stock, click here.
More about Progressive Planet Solutions Inc
Progressive Planet, based in Kamloops, British Columbia, focuses on sustainability by developing innovations that leverage owned mineral assets and recycled materials. Their C-Quester Centre of Sustainable Solutions advances low-carbon cement technologies, and their products are available in over 10,000 retail locations across North America.
Average Trading Volume: 98,433
Technical Sentiment Signal: Buy
Current Market Cap: C$30.73M
See more data about PLAN stock on TipRanks’ Stock Analysis page.