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Thermal Energy International ( (TSE:TMG) ) has provided an update.
Thermal Energy International Inc. has announced the grant of 3,334,000 stock options to its officers and directors as part of its remuneration and incentive program. This move is expected to align the interests of the management with those of the shareholders, potentially impacting the company’s operational dynamics and market positioning positively.
The most recent analyst rating on (TSE:TMG) stock is a Hold with a C$0.12 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 stock score is primarily impacted by its weak financial performance and bearish technical indicators. The lack of profitability and absence of a dividend yield further contribute to a low valuation score. Strategic improvements are necessary to enhance financial stability and investor appeal.
To see Spark’s full report on TSE:TMG stock, click here.
More about Thermal Energy International
Thermal Energy International Inc. is a global provider of energy efficiency and emissions reduction solutions, catering primarily to Fortune 500 and other large multinational companies. The company offers proprietary solutions that can recover up to 80% of energy lost in typical boiler plant and steam system operations, providing significant financial and environmental benefits. With engineering offices in Ottawa, Pittsburgh, and Bristol, and sales offices across North America and Europe, Thermal Energy delivers custom engineered solutions with a high return on investment.
Average Trading Volume: 105,289
Technical Sentiment Signal: Sell
Current Market Cap: C$21.43M
See more data about TMG stock on TipRanks’ Stock Analysis page.