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H2O Innovation Ord Shs HEIFF


Primary Symbol: HEOFF

H2O Innovation Inc. is a Canada-based water solutions company, which is focused on providing technologies and services to its customers. The Company designs and provides custom-built, and integrated water treatment solutions based on membrane filtration technology for municipal, energy and natural resources end-users. The Company’s segments include Water Technologies & Services (WTS), Specialty Products (SP), and Operation & Maintenance (O&M). WTS segment designs and builds custom water, wastewater, and water reuse systems. It is engaged in applying membrane technologies and engineering expertise to deliver equipment and services to municipal and industrial water, wastewater, and water reuse customers. SP segment manufacture and supply a complete line of specialty chemicals, consumables, and engineered products for the global water treatment industry. O&M provides contract operations and associated services for water and wastewater treatment systems.


OTCQX:HEOFF - Post by User

Post by retiredcfon Feb 04, 2021 12:15pm
232 Views
Post# 32470963

Globe & Mail

Globe & Mail

11:12 AM EST, 02/04/2021 (MT Newswires) -- Beacon Securities raised its price target on H2O Innovation (TSXV: HEO) this week from $3 per share to $4, according to a Cantech Letter report on Thursday.

Analyst Gabriel Leung said on Feb 2 that the water system technology company's new tuck-in acquisition was looking good, Cantech reported. H2O had agreed to purchase the remaining 76% of Madrid, Spain-based Genesys Membrane Products that it did not already own one day prior to Leung's update.

H2O CEO Frederic Dugre said acquiring the whole of GMP is the next logical step for the company in becoming "the world's largest membrane specialty chemicals and associated services supplier" sold through a large distribution network, Cantech reported. Genesys is expected add more than 10% to the company's EBITDA on a pro-forma basis.

Beacon Securities now holds the highest of seven analyst ratings on the stock, with the average of all ratings being $3.49 per share. As of just before 11amET on Thursday, the company's TSX Venture-listed shares were down $0.08 or 2.58% to $3.02 per share.

Price: 3.02, Change: -0.08, Percent Change: -2.58

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