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Thermal Energy International ( (TSE:TMG) ) has issued an announcement.
Thermal Energy International Inc. has secured an additional $4.1 million contract for a heat recovery project with a leading multinational pharmaceutical company, bringing the total project value to $5.6 million. This project is expected to significantly reduce the site’s natural gas consumption and CO emissions, aligning with the customer’s sustainability goals and potentially expanding Thermal Energy’s market presence in the pharmaceutical industry.
Spark’s Take on TSE:TMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:TMG is a Neutral.
The company’s strong revenue growth and strategic initiatives are promising, but current profitability issues and a high P/E ratio present risks. Technical indicators show short-term bullishness, though valuation remains a concern. The robust business development pipeline and recent corporate actions suggest potential for future improvement.
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 carbon emission reduction solutions to major corporations worldwide. Their proprietary solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations, offering significant financial and environmental benefits. The company operates engineering offices in Ottawa, Pittsburgh, and Bristol, with sales offices in Canada, the UK, the USA, Germany, Poland, and Italy.
Average Trading Volume: 202,216
Technical Sentiment Signal: Hold
Current Market Cap: C$23.37M
For an in-depth examination of TMG stock, go to TipRanks’ Overview page.