Green Impact Partners Announces Sale of Facilities and Secures Equity Partner for Energy Park

The latest announcement is out from Green Impact Partners Inc ( (TSE:GIP) ).

Green Impact Partners Inc. has signed a definitive agreement to sell its water, waste treatment, and recycling facilities in Alberta and Saskatchewan for $53.25 million. The sale is aimed at repaying the company’s revolving credit facility, but it is contingent on the purchaser obtaining financing. Additionally, GIP has secured a non-binding equity term sheet with a global Japanese investment partner for its Future Energy Park, marking a significant milestone in its development efforts.

The most recent analyst rating on (TSE:GIP) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Green Impact Partners Inc stock, see the TSE:GIP Stock Forecast page.

Spark’s Take on TSE:GIP Stock

According to Spark, TipRanks’ AI Analyst, TSE:GIP is a Neutral.

Green Impact Partners Inc’s overall stock score reflects significant challenges in financial performance, particularly in revenue growth and profitability. The technical analysis suggests a neutral to mildly bullish market sentiment, but the negative valuation metrics, including a negative P/E ratio and lack of dividend yield, underline concerns. The company needs to improve its financial metrics and operational efficiency to enhance its market position.

To see Spark’s full report on TSE:GIP stock, click here.

More about Green Impact Partners Inc

Green Impact Partners Inc. operates in the environmental services industry, focusing on water, waste treatment, and recycling facilities. The company is also involved in energy projects, aiming to develop sustainable and renewable energy solutions.

Average Trading Volume: 23,455

Technical Sentiment Signal: Sell

Current Market Cap: C$62.49M

For a thorough assessment of GIP stock, go to TipRanks’ Stock Analysis page.