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The latest announcement is out from RE Royalties ( (TSE:RE) ).
RE Royalties Ltd. has signed a definitive agreement to invest up to US$9 million in Solaris Energy Inc., securing royalty interests over two portfolios of distributed generation solar projects across multiple U.S. states. The deal includes an initial US$4.8 million royalty purchase on a first portfolio of 15 projects, funded in stages as development and construction milestones are met, and a second portfolio of nine projects subject to further due diligence. By partnering with Solaris, which has a U.S. commercial and community solar pipeline valued at more than US$400 million, RE Royalties deepens its exposure to the commercial and industrial distributed generation market, enhances its pipeline of long-term cash-generating clean energy royalties, and supports Solaris’s ability to unlock scarce sponsor equity and streamline financing for its expanding solar and storage portfolio.
The most recent analyst rating on (TSE:RE) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on RE Royalties stock, see the TSE:RE Stock Forecast page.
Spark’s Take on TSE:RE Stock
According to Spark, TipRanks’ AI Analyst, TSE:RE is a Neutral.
The overall stock score is primarily impacted by the company’s poor financial performance, characterized by declining revenues, persistent losses, and high leverage. The technical analysis indicates a bearish trend with oversold conditions, while the valuation reflects negative earnings and a potentially unsustainable dividend yield. These factors collectively suggest significant financial risks and challenges for RE Royalties.
To see Spark’s full report on TSE:RE stock, click here.
More about RE Royalties
RE Royalties Ltd. is a Vancouver-based company that provides non-dilutive, revenue-based royalty financing to privately held and publicly traded businesses in the renewable energy sector. It applies a royalty model to clean energy, holding over 100 royalties across solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects in North America, South America and Asia, with a focus on generating stable yields and growth for shareholders.
Average Trading Volume: 40,956
Technical Sentiment Signal: Sell
Current Market Cap: C$11.28M
See more insights into RE stock on TipRanks’ Stock Analysis page.