CHAR Technologies Inc (TSE:YES)
:YES
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CHAR Technologies
(YES)
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Rating:49Neutral
Price Target:
C$0.30
▼(-5.31% Downside)
Action:ReiteratedDate:03/03/26
The score is held back primarily by ongoing operating losses and deeply negative cash flow despite improving revenue and gross margin. Technical indicators are mixed and do not provide a strong momentum tailwind, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Proprietary waste-to-value pyrolysis tech
CHAR’s proprietary high-temperature pyrolysis and branded SulfaCHAR create a durable differentiation: a technology-led, waste-to-value model serving pollutant-removal and soil amendment markets. This provides lasting product advantage, multiple end-market applications and structural demand from environmental regulations and industrial cleanup needs.
Negative Factors
Deeply negative operating and free cash flow
Sustained negative operating and free cash flow materially elevates execution and financing risk. Over multiple quarters this forces reliance on external capital, risks dilution or higher-cost financing, and constrains reinvestment for commercialization and capacity expansion until cash generation turns sustainably positive.
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Positive Factors
Negative Factors
Proprietary waste-to-value pyrolysis tech
CHAR’s proprietary high-temperature pyrolysis and branded SulfaCHAR create a durable differentiation: a technology-led, waste-to-value model serving pollutant-removal and soil amendment markets. This provides lasting product advantage, multiple end-market applications and structural demand from environmental regulations and industrial cleanup needs.
Read all positive factors
CHAR Technologies (YES) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$38.76M
Dividend YieldN/A
Average Volume (3M)61.37K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth-24.05%
EPS Growth88.61%
CountryCA
Employees1
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding133,671,220
10 Day Avg. Volume36,222
30 Day Avg. Volume61,374
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)4.83
Price to Sales (P/S)10.77
P/FCF Ratio-3.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.07
Revenue Forecast (FY)C$4.90M
CHAR Technologies Business Overview & Revenue Model
Company Description
CHAR Technologies Ltd., a cleantech development and services company, engages in the conversion of organic waste into clean energy and biocarbon products. It offers SulfaCHAR, an activated biochar designed and developed to capture noxious hydrogen...
How the Company Makes Money
The company makes money primarily by (1) selling its pyrolysis-derived carbon products (including branded products such as SulfaCHAR) into end markets that use carbon media for pollutant removal and environmental/industrial applications, and (2) p...
CHAR Technologies Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.20M | 3.16M | 2.00M | 1.46M | 1.38M |
| Gross Profit | -468.19K | 631.58K | 640.17K | 642.01K | 709.26K |
| EBITDA | 467.37K | -6.08M | -6.52M | -5.10M | -2.42M |
| Net Income | -1.28M | -8.33M | -8.43M | -6.90M | -3.26M |
Balance Sheet | |||||
| Total Assets | 8.89M | 15.35M | 18.87M | 9.95M | 10.32M |
| Cash, Cash Equivalents and Short-Term Investments | 453.69K | 948.69K | 6.09M | 460.48K | 3.00M |
| Total Debt | 1.21M | 5.04M | 3.81M | 886.90K | 308.57K |
| Total Liabilities | 3.65M | 14.88M | 11.93M | 5.25M | 4.78M |
| Stockholders Equity | 4.90M | 471.69K | 6.93M | 4.70M | 5.54M |
Cash Flow | |||||
| Free Cash Flow | -6.70M | -7.44M | -9.45M | -7.82M | -3.75M |
| Operating Cash Flow | -5.63M | -3.99M | -4.86M | -5.03M | -2.21M |
| Investing Cash Flow | -796.44K | 548.43K | -8.60M | -2.79M | -1.55M |
| Financing Cash Flow | 5.93M | 2.30M | 15.09M | 5.28M | 6.63M |
CHAR Technologies Technical Analysis
Positive
0.32
Price Trends
0.26
Positive
0.27
Positive
0.25
Positive
Market Momentum
<0.01
Negative
62.82
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:YES, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.26, and above the 200-day MA of 0.25, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.82 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:YES.
CHAR Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$509.97M | 6.66 | -11.74% | ― | 61.39% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$38.76M | -10.14 | -17.79% | ― | -24.05% | 88.61% | |
46 Neutral | C$15.38M | -5.76 | -352.14% | ― | ― | 66.50% | |
41 Neutral | C$35.15M | -5.91 | 5297.73% | ― | 135.68% | 68.99% | |
41 Neutral | C$32.28M | -3.11 | 307.55% | ― | 12.06% | -52.13% |
* General Sector Average
TSE:YES
CHAR Technologies
0.31
0.08
38.64%
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CHAR Technologies Corporate Events
Business Operations and StrategyShareholder Meetings
CHAR Technologies Sets May AGM and Expands Equity Incentives for Staff
Positive
Apr 9, 2026
CHAR Technologies has scheduled its 2026 annual general meeting for May 7 in Toronto, where management will brief shareholders on the company’s financial performance, operational milestones and strategic roadmap for its clean energy portfoli...
Business Operations and Strategy
CHAR Technologies Advances Commissioning at Thorold Biocarbon Facility
Positive
Mar 23, 2026
CHAR Technologies reported further commissioning progress at its Thorold Renewable Energy Facility, where installation of the core high-temperature pyrolysis system is advancing with the kiln chamber fully assembled and burner walls welded in plac...
Business Operations and Strategy
CHAR Technologies Advances Commissioning at Thorold Biocarbon Facility
Positive
Mar 23, 2026
CHAR Technologies reported continued progress in commissioning its Thorold Renewable Energy Facility in Ontario, with the high-temperature pyrolysis kiln chamber fully assembled, burner walls welded, and the thermal oxidizer mounted as key process...
Business Operations and StrategyPrivate Placements and Financing
CHAR Technologies Raises $4 Million and Launches New Investor Marketing Drive
Positive
Mar 19, 2026
CHAR Technologies has closed an upsized non‑brokered private placement, issuing 17,055,585 units at C$0.235 each for gross proceeds of about C$4.0 million, subject to final TSX Venture Exchange approval. Each unit includes a common share and...
Business Operations and StrategyPrivate Placements and Financing
CHAR Technologies Upsizes Private Placement to Nearly C$4 Million
Positive
Mar 6, 2026
CHAR Technologies has increased its previously announced non-brokered private placement from C$2 million to approximately C$3.97 million by upsizing the offering to 16,882,978 units at C$0.235 per unit. Each unit comprises one common share and hal...
Business Operations and StrategyPrivate Placements and Financing
CHAR Technologies Launches C$2 Million Private Placement Backed by BMI Group
Positive
Feb 23, 2026
CHAR Technologies plans to raise up to C$2 million through a non-brokered private placement of 8,511,000 units priced at C$0.235, each consisting of one common share and half a warrant exercisable at C$0.35 for 24 months. The BMI Group, via its jo...
Business Operations and Strategy
CHAR Technologies Strikes Capital-Light Licensing Deal with GazoTech to Launch Pyrolysis Technology in Europe
Positive
Feb 4, 2026
CHAR Technologies has signed a technology know-how licensing agreement with France-based GazoTech SAS to deploy its high-temperature pyrolysis technology in France and selected European markets, marking a strategic move beyond its North American p...
Business Operations and Strategy
CHAR Technologies Sets Investor Update Call and Grants Equity Incentives to Support Growth
Positive
Feb 2, 2026
CHAR Technologies will host a live investor update call on February 18, 2026, where management plans to detail recent milestones, operational progress and strategic priorities across its renewable energy, biocarbon and PFAS destruction platforms. ...
Business Operations and Strategy
CHAR Technologies Starts Commissioning First Commercial Thorold Renewable Energy Plant
Positive
Jan 29, 2026
CHAR Technologies has begun commissioning its Thorold Renewable Energy Facility in Ontario, its first commercial-scale plant for producing renewable energy and biocarbon. The staged start-up starts with feedstock receiving and handling ahead of br...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
CHAR Technologies Narrows Loss, Strengthens Balance Sheet as Biocarbon Projects Advance
Positive
Jan 28, 2026
CHAR Technologies reported fiscal 2025 results marked by a sharp improvement in its balance sheet and progress in commercializing its clean energy technologies, driven by the transition of its Thorold biocarbon project into a limited partnership. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.