Thermal Energy Secures $930K Order from Multinational Consumer Goods Firm

Thermal Energy International ( (TSE:TMG) ) has shared an update.

Thermal Energy International Inc. has secured a $930,000 order from a multinational consumer products company to expand the use of its GEM steam traps at a European site. This decision follows successful fuel savings and carbon emission reductions achieved at this and other sites, with the customer having invested over $4 million in GEM projects across nine global locations since 2022. The order is expected to be fulfilled within six months, indicating continued growth and strengthening of Thermal Energy’s relationship with the customer, potentially leading to further opportunities at other production sites worldwide.

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 reflects its strong revenue growth and strategic debt reduction, balanced against challenges in profitability and cash flow stability. While technical indicators suggest limited momentum, the stock’s high valuation may deter investors. Recent earnings call and corporate events indicate potential for future growth, but require careful management to ensure sustained profitability.

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

More about Thermal Energy International

Thermal Energy International Inc. is a company that provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. They specialize in reducing fuel use and cutting carbon emissions through proprietary solutions that can recover up to 80% of energy lost in typical boiler plant and steam system operations. The company operates engineering offices in Ottawa, Canada, Pittsburgh, USA, and Bristol, UK, with sales offices in several countries.

Average Trading Volume: 139,855

Technical Sentiment Signal: Sell

Current Market Cap: C$18.18M

For a thorough assessment of TMG stock, go to TipRanks’ Stock Analysis page.