Thermal Energy Secures $1.5 Million Repeat Business Order for Heat Recovery Project

Thermal Energy International ( (TSE:TMG) ) just unveiled an update.

Thermal Energy International has secured a $1.5 million repeat business order from a global building materials company to install four HeatSponge boiler economizers at a second site. The deal underscores the client’s trust in Thermal Energy’s technology, strengthens the company’s market presence, and sets the stage for potential collaborations in other facilities for energy efficiency and emissions reduction.

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. specializes in providing innovative energy efficiency and emissions reduction solutions to large multinational companies, including Fortune 500 firms. The company is a fully accredited engineering firm offering proprietary products and turnkey solutions designed to reduce fuel consumption and carbon emissions, with operations spanning Canada, the U.S., and Europe.

Average Trading Volume: 105,890

Technical Sentiment Signal: Sell

Current Market Cap: C$21.43M

For an in-depth examination of TMG stock, go to TipRanks’ Overview page.