HC Wainwright Predicts Largo Inc.’s Earnings to Reach alt=

HC Wainwright Predicts Largo Inc.’s Earnings to Reach $0.15 Per Share After FY2025 (TSE:LGO)

Largo Inc., a Canadian company specializing in vanadium-based energy storage systems, is projected to have a successful fiscal year in 2025. According to research analysts at HC Wainwright, Largo is expected to post earnings of $0.15 per share for the year, significantly higher than the consensus estimate of $0.01 per share.

The positive outlook comes after Largo reported slightly disappointing earnings in the previous quarter, with a loss of C($0.29) per share. Despite this, the company generated revenue of C$60.14 million, showcasing its potential for growth in the energy storage sector.

Shares of Largo stock experienced a slight dip of 0.5% on Thursday, opening at C$2.21. The company has a market cap of C$141.55 million and has been trading within a range of C$1.89 to C$7.20 over the past year. With a debt-to-equity ratio of 29.92 and a positive outlook for earnings, investors may find Largo to be an attractive investment opportunity.

Largo Inc.’s business segments include Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy, focusing on the development and sale of vanadium products for various industries. Their product lineup includes VPURE+ vanadium flakes and powders, used in aerospace and steel applications, highlighting the company’s innovative approach to energy storage solutions.

For those interested in staying updated on Largo’s performance, MarketBeat.com offers a free daily email newsletter with news and analysts’ ratings for the company. With a promising fiscal year ahead, Largo Inc. is poised to make a strong impact in the energy storage industry.

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