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Sabien Technology ( (GB:SNT) ) just unveiled an announcement.
Sabien Technology Group PLC, a leader in energy reduction technologies, has announced significant progress in its partnership with City Oil Field (COF) of Korea and its affiliate, b.grn Group Limited. This collaboration involves the sale and installation of COF’s Regenerated Green Oil plant technology in the UK and parts of the U.S., with potential revenue of $1.2 million per module. COF’s recent certifications, including ISCC PLUS, enable it to export circular plastic oil to the EU, marking a milestone in the global circular economy. This development enhances Sabien’s prospects of generating future revenue from recycling waste plastic, aligning with its sustainability goals and benefiting stakeholders.
The most recent analyst rating on (GB:SNT) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Sabien Technology stock, see the GB:SNT Stock Forecast page.
Spark’s Take on GB:SNT Stock
According to Spark, TipRanks’ AI Analyst, GB:SNT is a Neutral.
Sabien Technology’s overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. However, recent strategic expansions in CO2 mitigation technology offer a glimmer of hope for future growth, partially balancing the negative financial outlook.
To see Spark’s full report on GB:SNT stock, click here.
More about Sabien Technology
Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions. The company holds the Green Economy Mark from the London Stock Exchange, recognizing companies generating over 50% of their revenues from sustainable products and services.
Average Trading Volume: 47,091
Technical Sentiment Signal: Sell
Current Market Cap: £1.67M
For detailed information about SNT stock, go to TipRanks’ Stock Analysis page.