Thermal Energy Secures $1.5 Million in Repeat Business from Global Nutrition Company

Thermal Energy International ( (TSE:TMG) ) has issued an announcement.

Thermal Energy International Inc. has secured $1.5 million in orders for two turnkey heat recovery projects from a global nutrition company, marking the seventh and eighth projects with this client. This new business highlights Thermal Energy’s ongoing relationship with the multinational, having generated approximately $13.6 million in business since 2019, and underscores the company’s growth potential in energy efficiency and carbon reduction initiatives across multiple sites worldwide.

Spark’s Take on TSE:TMG Stock

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

Thermal Energy International demonstrates strong financial growth and strategic positioning through revenue increases and significant contract wins. However, the high P/E ratio suggests potential overvaluation, and operational challenges in recent quarters highlight risks. The company’s robust business development pipeline and positive corporate events support its growth potential.

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

More about Thermal Energy International

Thermal Energy International Inc. is a provider of energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. The company specializes in reducing fuel use and cutting carbon emissions through proprietary solutions that recover energy lost in boiler plant and steam system operations. With engineering offices in Ottawa, Pittsburgh, and Bristol, and sales offices across several countries, Thermal Energy offers turnkey and custom engineered solutions with significant financial and environmental benefits.

Average Trading Volume: 108,120

Technical Sentiment Signal: Sell

Current Market Cap: C$21.64M

Find detailed analytics on TMG stock on TipRanks’ Stock Analysis page.