Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Tidewater Renewables Ltd. ( (TSE:LCFS) ) has provided an update.
Tidewater Renewables Ltd. announced the successful completion of a planned seven-day outage at its renewable diesel and hydrogen complex in Prince George, British Columbia. The outage was necessary to reinstall a repaired component after an unplanned shutdown in October. With the component now installed, the facility has returned to full capacity, increasing its utilization to 3,000 barrels per day. This development marks a significant step in the company’s operations, reinforcing its commitment to maintaining efficient production and strengthening its position in the renewable fuels market.
The most recent analyst rating on (TSE:LCFS) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Tidewater Renewables Ltd. stock, see the TSE:LCFS Stock Forecast page.
Spark’s Take on TSE:LCFS Stock
According to Spark, TipRanks’ AI Analyst, TSE:LCFS is a Neutral.
Tidewater Renewables Ltd. has a challenging financial position, which heavily impacts its overall score. However, technical indicators and valuation suggest some stability, while recent corporate events provide a positive outlook with improved results and strategic advancements. The overall score reflects a cautious but slightly optimistic view, with significant financial risks balanced by potential strategic benefits.
To see Spark’s full report on TSE:LCFS stock, click here.
More about Tidewater Renewables Ltd.
Tidewater Renewables is an energy transition company focused on producing low carbon fuels such as renewable diesel and sustainable aviation fuel. The company aims to become a leading Canadian renewable fuel producer by utilizing a variety of renewable feedstocks and proven technologies to develop and operate clean fuels projects.
Average Trading Volume: 8,591
Technical Sentiment Signal: Buy
Current Market Cap: C$144.9M
Learn more about LCFS stock on TipRanks’ Stock Analysis page.