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Synex Internt’l ( (TSE:SXI) ) just unveiled an update.
Synex Renewable Energy Corporation has received the necessary regulatory approvals for its statutory plan of arrangement, allowing Sitka Power Inc. to acquire all outstanding common shares for C$2.40 per share. This acquisition, expected to close by August 1, 2025, marks a significant development in the renewable energy sector, potentially enhancing Synex’s market position and offering benefits to its shareholders.
Spark’s Take on TSE:SXI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SXI is a Neutral.
The overall stock score reflects significant financial challenges, including high leverage and negative profitability, which are the most impactful factors. While technical indicators suggest some potential for upward movement, the negative valuation metrics and operational challenges weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:SXI stock, click here.
More about Synex Internt’l
Synex Renewable Energy Corporation is a Vancouver-based company focused on the development, acquisition, ownership, and operation of renewable energy projects in Canada. It holds interests in 11 MW of operating hydro projects in British Columbia and owns a utility business as Kyuquot Power Ltd. The company is also involved in various hydroelectric and wind development projects with significant potential capacity.
Average Trading Volume: 3,832
Technical Sentiment Signal: Hold
Current Market Cap: C$11.74M
See more data about SXI stock on TipRanks’ Stock Analysis page.