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ReVolve Renewable Power Corp ( (TSE:REVV) ) has shared an update.
Revolve Renewable Power Corp has announced the acquisition of development rights for a 30 MWp solar project in Alberta, Canada. This acquisition aligns with Revolve’s strategy to expand its renewable energy portfolio and follows the recent approval of its 15.7 MW Bright Meadows solar project. The new project is expected to be ready for construction in 2027 and aims to generate significant revenue and EBITDA once operational, enhancing the company’s financial profile.
The most recent analyst rating on (TSE:REVV) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on ReVolve Renewable Power Corp stock, see the TSE:REVV Stock Forecast page.
Spark’s Take on TSE:REVV Stock
According to Spark, TipRanks’ AI Analyst, TSE:REVV is a Neutral.
ReVolve Renewable Power Corp’s overall score is primarily driven by stable technical indicators and an attractive valuation, offset by financial performance challenges, particularly high leverage and inconsistent profitability. Positive corporate events provide an encouraging outlook, but these do not directly influence the score due to weight redistribution.
To see Spark’s full report on TSE:REVV stock, click here.
More about ReVolve Renewable Power Corp
Revolve Renewable Power Corp is a North American company involved in owning, operating, and developing renewable energy projects. The company focuses on expanding its portfolio in the renewable energy sector, particularly in solar and wind projects across the United States and Canada.
Average Trading Volume: 22,855
Technical Sentiment Signal: Sell
Current Market Cap: C$14.25M
For an in-depth examination of REVV stock, go to TipRanks’ Overview page.