HC Wainwright Equities Analysts Lower Earnings Estimates for UGE International Ltd. (CVE:UGE)

UGE International Ltd. (CVE:UGE) – Stock analysts at HC Wainwright lowered their FY2024 earnings per share (EPS) estimates for shares of UGE International in a research note issued to investors on Wednesday, May 1st. HC Wainwright analyst S. Joshi now anticipates that the company will earn ($0.69) per share for the year, down from their prior estimate of ($0.68). The consensus estimate for UGE International’s current full-year earnings is ($0.35) per share. HC Wainwright also issued estimates for UGE International’s FY2025 earnings at $0.12 EPS, FY2026 earnings at $0.26 EPS and FY2027 earnings at $0.63 EPS.

Several other equities research analysts also recently weighed in on UGE. Cormark downgraded shares of UGE International from a “buy” rating to a “market perform” rating and decreased their target price for the stock from C$2.75 to C$1.00 in a research note on Wednesday. Ventum Cap Mkts cut shares of UGE International from a “buy” rating to a “neutral” rating in a research note on Thursday.

UGE International Stock Up 5.7 %

UGE opened at C$0.56 on Friday. UGE International has a one year low of C$0.50 and a one year high of C$2.03. The company has a debt-to-equity ratio of 1,211.57, a quick ratio of 0.73 and a current ratio of 1.14. The stock has a market capitalization of C$18.63 million, a P/E ratio of -1.02 and a beta of 0.71. The business’s 50-day simple moving average is C$0.78 and its 200-day simple moving average is C$0.99.

About UGE International

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.