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Loop Industries ( (LOOP) ) has provided an update.
Loop Industries has reported its second-quarter fiscal 2026 results, highlighting significant progress towards the commercialization of its Infinite Loop facilities in India and Europe. The company has secured offtake agreements with a leading sports apparel brand and Taro Plast for its Infinite Loop India facility, and formed strategic alliances with Shinkong and Hyosung TNC to support the shift to textile-to-textile circular polyester. Additionally, Loop has acquired a 93-acre site in Gujarat, India, and is advancing project debt financing with KPMG’s assistance. In Europe, Loop is working with Reed Societe Generale Group on site selection and development for its first Infinite Loop facility, aiming to enhance project profitability and accelerate start-up timing.
The most recent analyst rating on (LOOP) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Loop Industries stock, see the LOOP Stock Forecast page.
Spark’s Take on LOOP Stock
According to Spark, TipRanks’ AI Analyst, LOOP is a Neutral.
Loop Industries faces significant financial challenges, with negative equity and ongoing losses impacting its financial performance. Technical indicators suggest a neutral trend, while valuation metrics are concerning due to the negative P/E ratio. Despite some progress in strategic projects, the risks associated with contract execution delays and funding gaps weigh heavily on the overall score.
To see Spark’s full report on LOOP stock, click here.
More about Loop Industries
Loop Industries, Inc. is a clean technology company focused on accelerating a circular economy for polyester. The company specializes in manufacturing 100% recycled polyethylene terephthalate (PET) plastic and textile-to-textile polyester, targeting the global apparel and consumer packaged goods (CPG) markets.
Average Trading Volume: 258,459
Technical Sentiment Signal: Buy
Current Market Cap: $91.62M
See more insights into LOOP stock on TipRanks’ Stock Analysis page.