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Velan Inc. SV ( (TSE:VLN) ) has provided an update.
Velan Inc. has secured a significant order exceeding $20 million CAD from Ontario Power Generation to supply Emergency Cooling Injection valves for the refurbishment of three reactors at the Pickering Nuclear Generation Station. This order underscores Velan’s longstanding commitment to safety and reliability in the nuclear industry, reinforcing its position as a trusted supplier and supporting global efforts to expand clean energy capacity.
The most recent analyst rating on (TSE:VLN) stock is a Hold with a C$16.50 price target. To see the full list of analyst forecasts on Velan Inc. SV stock, see the TSE:VLN Stock Forecast page.
Spark’s Take on TSE:VLN Stock
According to Spark, TipRanks’ AI Analyst, TSE:VLN is a Neutral.
Velan Inc. SV’s overall stock score is primarily influenced by its financial performance challenges, including declining revenues and profitability. Technical analysis shows some positive momentum, but valuation concerns persist due to negative earnings. The earnings call provided some optimism with strategic progress, yet financial setbacks remain a concern.
To see Spark’s full report on TSE:VLN stock, click here.
More about Velan Inc. SV
Founded in Montreal in 1950, Velan Inc. is a leading manufacturer of industrial valves, with operations in nine countries. The company is publicly traded on the Toronto Stock Exchange under the symbol VLN.
Average Trading Volume: 8,013
Technical Sentiment Signal: Buy
Current Market Cap: C$337M
See more insights into VLN stock on TipRanks’ Stock Analysis page.