CHAR Technologies Inc (TSE:YES)
:YES
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CHAR Technologies
(YES)
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Select Model
Rating:49Neutral
Price Target:
C$0.27
â–¼(-14.37% 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 pyrolysis technology
CHAR’s core proprietary high-temperature pyrolysis provides a durable waste-to-value business model. The technology creates differentiated carbon products and enables project revenue streams, supporting long-term demand from industrial environmental applications and customer stickiness.
Negative Factors
Deep negative operating and free cash flow
Significant negative OCF and FCF (multi-million dollar TTM burn) are structural constraints that necessitate external capital. Persistent cash burn limits reinvestment, increases dilution risk, and places execution timelines for projects under funding pressure until sustained positive cash generation occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary pyrolysis technology
CHAR’s core proprietary high-temperature pyrolysis provides a durable waste-to-value business model. The technology creates differentiated carbon products and enables project revenue streams, supporting long-term demand from industrial environmental applications and customer stickiness.
Read all positive factors
CHAR Technologies (YES) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$35.42M
Dividend YieldN/A
Average Volume (3M)61.37K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth-27.40%
EPS Growth23.40%
CountryCA
EmployeesN/A
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$4.95M
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
CHAR Technologies generates revenue primarily through the sale of its innovative carbon capture and conversion technologies, including the production of biochar and renewable energy from biomass. The company also earns income from consulting servi...
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
Negative
0.26
Negative
0.25
Positive
Market Momentum
>-0.01
Negative
53.77
Neutral
85.71
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 0.25, above the 50-day MA of 0.26, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 85.71 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 |
|---|---|---|---|---|---|---|---|
58 Neutral | C$468.54M | 55.53 | 36.36% | ― | 28.43% | 80.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$35.42M | -10.14 | -17.79% | ― | -27.40% | 23.40% | |
41 Neutral | C$36.29M | -5.91 | 5297.73% | ― | 135.68% | 68.99% | |
41 Neutral | C$12.49M | -5.76 | -352.14% | ― | ― | -72.78% | |
41 Neutral | C$31.43M | -3.11 | 307.55% | ― | 12.06% | -52.13% |
* General Sector Average
TSE:YES
CHAR Technologies
0.27
0.09
47.22%
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173.00%
CHAR Technologies Corporate Events
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. ...
Business Operations and StrategyPrivate Placements and Financing
CHAR Technologies Wins C$10 Million BMI Backing for Large-Scale Espanola Biocarbon Plant
Positive
Jan 14, 2026
CHAR Technologies has secured a C$10 million commitment from The BMI Group to advance engineering and design work on the Espanola biocarbon project in Northern Ontario, a planned facility capable of producing up to 50,000 tonnes of low-carbon bioc...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
CHAR Technologies Advances First Commercial Projects and Secures Frankfurt Listing as It Enters 2026
Positive
Dec 31, 2025
CHAR Technologies has capped 2025 by advancing multiple commercial-scale clean energy projects and securing a listing on the Frankfurt Stock Exchange under ticker 68K, widening its access to European retail and institutional investors and enhancin...
Business Operations and Strategy
CHAR Technologies Advances Thorold Biocarbon Plant and Hires European IR Firm
Positive
Dec 24, 2025
CHAR Technologies reported construction progress at its Thorold Renewable Energy Facility in Ontario, with recent delivery and ongoing installation of key systems including the kiln’s thermal management unit, biochar cooling conveyors, a coo...
Private Placements and Financing
CHAR Technologies Reprices Fully Subscribed Private Placement
Positive
Dec 16, 2025
CHAR Technologies has announced a repricing of its previously announced private placement, now offering up to 4,550,000 units at $CDN 0.22 per unit, aiming to raise approximately $CDN 1 million. The decision follows a positive market response to a...
Private Placements and Financing
CHAR Technologies Closes Fully Subscribed $1 Million Private Placement
Positive
Dec 12, 2025
CHAR Technologies Ltd. has successfully closed the order book on its non-brokered private placement, raising $1 million CAD through the sale of 5,000,000 units. The proceeds will be used for general working capital, ongoing project development, an...
Private Placements and Financing
CHAR Technologies Announces C$1M Private Placement to Boost Sustainable Energy Projects
Positive
Dec 11, 2025
CHAR Technologies Ltd. announced a non-brokered private placement of up to 5,000,000 units at CDN$0.20 per unit, aiming to raise CDN$1,000,000. The proceeds will support general working capital, project development, and investor relations services...
Business Operations and StrategyPrivate Placements and Financing
CHAR Technologies Secures $2.25 Million Grant to Boost Biocarbon Pellet Production
Positive
Dec 10, 2025
CHAR Technologies Ltd. has been awarded a $2.25 million grant from the Ontario government to support the commercialization of biocarbon pellets at its Thorold Renewable Energy Facility. This funding will enhance the production capabilities of bioc...
Business Operations and StrategyProduct-Related Announcements
CHAR Technologies Advances Thorold Facility with Kiln Installation
Positive
Dec 4, 2025
CHAR Technologies Ltd. has announced the commencement of kiln installation at its Thorold Renewable Energy Facility, marking a significant milestone in the construction of Phase 1. This phase aims to convert 35,000 tonnes of wood waste annually in...
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.