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Legend Power Systems ( (TSE:LPS) ) has shared an update.
Legend Power Systems has entered into a partnership with a major North American franchise network operated by a Fortune 500 facility management company. This collaboration will allow Legend Power to expand the reach of its SmartGATE platform and SmartGATE Insights Power Impact Assessment, providing access to over 150 partner organizations, including electrical and HVAC contractors. The partnership aims to enhance the understanding of electrical supply impacts on building systems and offers installation services through the network’s contractors, aligning with Legend Power’s equipment-only sales strategy. This move is expected to address significant power quality challenges across more than 10,000 buildings, benefiting building owners, tenants, franchise partners, and grid operators.
Spark’s Take on TSE:LPS Stock
According to Spark, TipRanks’ AI Analyst, TSE:LPS is a Neutral.
Legend Power Systems’ overall stock score is constrained by ongoing financial challenges, including negative cash flows and a weak valuation. Despite positive corporate events indicating strategic growth initiatives and new partnerships, the financial and technical weaknesses overshadow these potential positives, resulting in a low overall score.
To see Spark’s full report on TSE:LPS stock, click here.
More about Legend Power Systems
Legend Power Systems Inc. is a global leader in commercial electrical system solutions, providing an intelligent energy management platform that analyzes and improves building energy challenges. Their proprietary and patented system reduces total energy consumption and power costs, maximizing the life of electrical equipment, and supports corporate sustainability efforts and utility energy efficiency targets.
Average Trading Volume: 100,311
Technical Sentiment Signal: Hold
Current Market Cap: C$24.12M
See more data about LPS stock on TipRanks’ Stock Analysis page.