HC Wainwright Comments on UGE International Ltd.’s Q1 2024 Earnings (CVE:UGE)

UGE International Ltd. (CVE:UGE) – HC Wainwright issued their Q1 2024 earnings estimates for UGE International in a research report issued to clients and investors on Wednesday, May 1st. HC Wainwright analyst S. Joshi expects that the company will earn ($0.16) per share for the quarter. 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 Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.18) EPS, Q4 2024 earnings at ($0.16) EPS and FY2028 earnings at $1.08 EPS.

Separately, Cormark lowered shares of UGE International from a “buy” rating to a “market perform” rating and dropped their price objective for the stock from C$2.75 to C$1.00 in a research note on Wednesday.

UGE International Price Performance

UGE opened at C$0.56 on Thursday. The firm has a market cap of C$18.63 million, a price-to-earnings ratio of -1.02 and a beta of 0.71. UGE International has a fifty-two week low of C$0.50 and a fifty-two week high of C$2.03. The company’s 50-day moving average price is C$0.78 and its 200 day moving average price is C$1.00. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 1,211.57.

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.