Thermal Energy International Launches Share Buyback Program

An update from Thermal Energy International ( (TSE:TMG) ) is now available.

Thermal Energy International Inc. announced a Normal Course Issuer Bid to purchase up to 8,655,715 common shares, representing approximately 5.0% of its outstanding shares. The company believes the market price does not reflect its business value and future prospects, and this move is aimed at benefiting the company and its shareholders. The bid will run from May 22, 2025, to May 21, 2026, with the option to terminate earlier if necessary. Shares acquired will be cancelled, and Beacon Securities Limited will handle the acquisitions in accordance with TSX Venture Exchange rules.

Spark’s Take on TSE:TMG Stock

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

Thermal Energy International’s stock score reflects robust revenue growth and strategic debt reduction but is tempered by profitability challenges and a high P/E ratio. Recent corporate events and a strong business pipeline highlight potential for future growth.

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

More about Thermal Energy International

Thermal Energy International Inc. is a professional engineering firm that provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. The company specializes in reducing fuel use and cutting carbon emissions, offering proprietary solutions that can recover up to 80% of energy lost in typical boiler plant and steam system operations. With engineering offices in Ottawa, Pittsburgh, and Bristol, and sales offices in Canada, the UK, USA, Germany, Poland, and Italy, Thermal Energy delivers site-specific turnkey and custom engineered solutions with significant financial and environmental benefits.

Average Trading Volume: 137,402

Technical Sentiment Signal: Sell

Current Market Cap: C$19.04M

Find detailed analytics on TMG stock on TipRanks’ Stock Analysis page.