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An update from Thermal Energy International ( (TSE:TMG) ) is now available.
Thermal Energy International has secured a follow-on order worth over $1 million for its proprietary FLU-ACE® Heat Recovery System from a major global pharmaceutical company. This order is part of a multi-stage project aimed at reducing the site’s natural gas usage and carbon emissions by 12.5%, aligning with the customer’s sustainability goals and the United Nation’s Race to Zero campaign. The project underscores Thermal Energy’s engineering expertise and strengthens its position in providing innovative energy efficiency solutions to large corporations.
Spark’s Take on TSE:TMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:TMG is a Neutral.
Thermal Energy International exhibits a promising growth trajectory with strong revenue increases and strategic actions like debt reduction and corporate initiatives. However, high valuation and challenges in profitability and cash flow stability weigh on the score. The technical outlook is moderate, suggesting cautious optimism.
To see Spark’s full report on TSE:TMG stock, click here.
More about Thermal Energy International
Thermal Energy International Inc. is a Canadian cleantech company that provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. The company specializes in recovering energy lost in typical boiler plant and steam system operations, offering a high return on investment with a short payback period. Thermal Energy operates engineering offices in Ottawa, Canada, Pittsburgh, USA, and Bristol, UK, with sales offices in several countries, including Canada, UK, USA, Germany, Poland, and Italy.
Average Trading Volume: 198,204
Technical Sentiment Signal: Hold
Current Market Cap: C$23.37M
Learn more about TMG stock on TipRanks’ Stock Analysis page.