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SECURE Waste Infrastructure ( (TSE:SES) ) has provided an update.
SECURE Waste Infrastructure Corp. has successfully closed a $300 million private placement of 5.75% senior unsecured notes due in 2032. The proceeds from this offering will be used to repay existing debt and for general corporate purposes, potentially strengthening the company’s financial position and operational capabilities. This move is expected to have implications for SECURE’s market positioning, as it may enhance their ability to manage financial obligations and invest in future growth opportunities.
The most recent analyst rating on (TSE:SES) stock is a Hold with a C$21.50 price target. To see the full list of analyst forecasts on SECURE Waste Infrastructure stock, see the TSE:SES Stock Forecast page.
Spark’s Take on TSE:SES Stock
According to Spark, TipRanks’ AI Analyst, TSE:SES is a Neutral.
The overall stock score of 51 reflects significant financial performance challenges, including declining revenue and profitability, and high leverage. While the company demonstrates strategic adaptability and strong cash flows, market-driven challenges in the metal recycling segment and a high P/E ratio suggest caution. Technical indicators provide mixed signals, further supporting a cautious outlook.
To see Spark’s full report on TSE:SES stock, click here.
More about SECURE Waste Infrastructure
SECURE Waste Infrastructure Corp. is a leading waste management and energy infrastructure company headquartered in Calgary, Alberta. The company operates an extensive infrastructure network across western Canada and North Dakota, which includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, and crude oil and water gathering pipelines. SECURE’s principal operations involve the collection, processing, recovery, recycling, and disposal of waste streams for energy and industrial customers, alongside the gathering, optimization, terminalling, and storage of crude oil and natural gas liquids. The company aims to provide solutions that reduce costs, lower emissions, increase safety, manage water, recycle by-products, and protect the environment.
Average Trading Volume: 787,457
Technical Sentiment Signal: Buy
Current Market Cap: C$3.97B
For an in-depth examination of SES stock, go to TipRanks’ Overview page.