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Zedcor Energy Inc ( (TSE:ZDC) ) has issued an update.
Zedcor Inc. has reported significant growth in its MobileyeZ™ fleet, achieving an 88% increase year-over-year to 1,882 towers, with utilization rates exceeding 90%. The company has expanded its weekly tower production to 35 units, reaching a milestone of producing its 1,000th unit in Houston, Texas. Zedcor is experiencing strong demand across North America, particularly in newly entered markets like Phoenix and Las Vegas, and is planning further expansion into California and Florida. The company is also advancing its sales efforts with enterprise-level customers and exploring new use-cases for its security solutions, aiming to exit 2025 with a fleet size of 2,500 to 2,700 towers.
The most recent analyst rating on (TSE:ZDC) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on Zedcor Energy Inc stock, see the TSE:ZDC Stock Forecast page.
Spark’s Take on TSE:ZDC Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZDC is a Neutral.
The overall score reflects a solid financial performance with strong revenue growth and operational efficiency but is tempered by declining net margins and negative free cash flow. Technical analysis indicates caution due to overbought signals. The valuation is high, suggesting potential overvaluation risks. Positive corporate events related to strategic expansion and employee alignment bolster the company’s future outlook.
To see Spark’s full report on TSE:ZDC stock, click here.
More about Zedcor Energy Inc
Zedcor Inc. is a company disrupting the traditional physical security industry with its proprietary MobileyeZ™ security towers, providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The company emphasizes industry-leading service levels, data-supported efficiency outcomes, and continued innovation, servicing the Canadian market through equipment and service centers in British Columbia, Alberta, Manitoba, and Ontario.
Average Trading Volume: 177,035
Technical Sentiment Signal: Buy
Current Market Cap: C$420.7M
See more insights into ZDC stock on TipRanks’ Stock Analysis page.