Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.

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Thermal Energy International Inc > Analyst Coverage

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Comment by Mostlyseriouson Jul 23, 2024 3:14pm

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Post# 36144881

RE:Analyst Coverage

February 16, 2024. You commented that day Greendaze.

AlbertESG wrote:

Yesterday, the Globe and Mail mentioned that Beacon Securities initiated coverage of TMG with a buy recommendation and a target of 45 cents. This is the first analyst coverage that we've had in a long, long time.

I've noticed in the past that whenever Beacon starts covering a microcap, it's usually because the microcap company has established a relationship for an eventual financing. I'll bet that within the next 12 months, Thermal will do a private placement or some other type of offering to raise money for an acquisition.

This is just speculation on my part, but I've seen this scenario play out with Xebec, Kraken, Blackline Safety, and Torq.