SHARC Energy’s Order Backlog Surges to $7.1 Million on Diversified New Projects

Sharc International Systems Inc ( (TSE:SHRC) ) has shared an update.

SHARC Energy has secured approximately $3.7 million in new equipment orders, lifting its sales order backlog by 109% to about $7.1 million since early December 2025, based on figures that do not yet factor in recent shipments or adjustments. The new projects span a Vancouver district energy system, a major West Coast U.S. airport and a senior multi-family housing retrofit in New York, underscoring both geographic and sector diversification and supporting the company’s strategy to expand from its core multi-family and commercial building base into transportation, large district energy and other institutional and utility-scale markets. Management says the rising backlog reflects increasing market awareness and a maturing pipeline for its scalable thermal energy solutions, with the company typically converting backlog to revenue over roughly a year, which signals strengthening demand and potentially greater revenue visibility as decarbonization and energy-efficiency priorities gain traction.

The most recent analyst rating on (TSE:SHRC) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Sharc International Systems Inc stock, see the TSE:SHRC Stock Forecast page.

Spark’s Take on TSE:SHRC Stock

According to Spark, TipRanks’ AI Analyst, TSE:SHRC is a Neutral.

The score is primarily weighed down by weak financial performance—persistent heavy losses, ongoing cash burn, and negative equity—despite strong recent revenue growth. Technicals also lean negative with the stock below major moving averages and a negative MACD, while valuation is constrained by unprofitable earnings and no dividend support.

To see Spark’s full report on TSE:SHRC stock, click here.

More about Sharc International Systems Inc

SHARC International Systems Inc., which trades as SHARC Energy, is a Vancouver-based clean-tech company specializing in Wastewater Energy Transfer systems that recover thermal energy from wastewater and other hydronic sources. Its products provide all-electric heating, cooling and hot water solutions for commercial, residential and industrial buildings, as well as district energy and thermal energy networks, targeting customers focused on energy efficiency, decarbonization and electrification.

Average Trading Volume: 137,406

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$10.67M

For detailed information about SHRC stock, go to TipRanks’ Stock Analysis page.