Gianluca Tucci, an analyst from Haywood, reiterated the Buy rating on Tornado Global Hydrovacs (TGH – Research Report). The associated price target is C$2.80.
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Gianluca Tucci has given his Buy rating due to a combination of factors that highlight Tornado Global Hydrovacs’ promising growth trajectory. The company recently secured a substantial supply agreement with Ascend Hydrovacs, marking the largest contract in its history. This deal, valued at a minimum of $88.2 million over four years starting in 2026, involves the exclusive production of specialized hydrovac units, which is expected to enhance the company’s profit margins significantly.
Additionally, Tornado Global Hydrovacs is experiencing robust growth in truck deliveries, with numbers rising from 87 in 2021 to an anticipated 360-390 in 2025. The expansion of their Red Deer facility further supports their capacity for organic growth. These strategic moves and the company’s position as a rapidly growing entity in the vacuum truck sector underpin Tucci’s positive outlook and Buy recommendation.