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Thermal Energy International ( (TSE:TMG) ) has issued an announcement.
Thermal Energy International has appointed Vincent Sands as Executive Vice President while he continues to serve as president of its wholly owned subsidiary Boilerroom Equipment Inc., a unit he founded and helped build into a consistently profitable business. In his expanded role, Sands will lead the rollout of a new indirect sales channel strategy leveraging BEI’s established network of independent manufacturers’ representatives across North America and oversee the push of BEI’s HeatSponge condensing heat recovery economizer technology into Europe, moves aimed at accelerating growth by broadening distribution of standardized products such as GEM Trap solutions and capitalizing on high energy costs and carbon-reduction priorities in European markets.
The most recent analyst rating on (TSE:TMG) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Thermal Energy International stock, see the TSE:TMG Stock Forecast page.
Spark’s Take on TSE:TMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:TMG is a Neutral.
Thermal Energy International’s overall stock score is primarily impacted by its financial performance and technical analysis. The company faces significant challenges in profitability and cash flow generation, which are reflected in its negative P/E ratio and bearish technical indicators. The lack of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:TMG stock, click here.
More about Thermal Energy International
Thermal Energy International Inc. is a fully accredited professional engineering firm that provides proprietary energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. Its technologies recover up to 80% of energy typically lost in boiler plant and steam system operations, delivering short-payback, high-ROI projects. Headquartered in Ottawa with engineering offices in Canada, the U.S. and the UK and sales offices across North America and Europe, the company focuses on turnkey, site-specific solutions that lower fuel use and carbon emissions for industrial and commercial clients.
Average Trading Volume: 113,951
Technical Sentiment Signal: Hold
Current Market Cap: C$25.71M
For detailed information about TMG stock, go to TipRanks’ Stock Analysis page.