Friday, August 22, 2025

Stifel Raises Eguana Technologies Price Target To $0.90

Yesterday Stifel GMP raised their price target on Eguana Technologies (TSXV: EGT) from C$0.85 to C$0.90 and reiterated their buy rating on the company. This comes off Eguana closing its February $20 million equity raise as well as recent improvements in Eguana’s supply chain. Stifel says that the company now has a lot of cash coupled with the anticipation of large revenue growth during the second half of this year.

Their analyst Ian Gillies writes, “We believe these initiatives will help insulate it from some supply chain issues that were articulated on solar + battery storage 1Q21 conference calls. We remain optimistic on the company’s sales growth in 2H21e, 2022e and 2023e.”

Gillies says that the supply chain should be the primary focus for the company. He says that many of the major U.S solar and storage companies have reported financials over the last week and the key topic on the managements calls have been around supply chain management and disruptions, but Gillies comments that most of the company’s raw materials have already arrived back in late March and early April. He writes, “The recently received orders should allow for strong y/y sales growth markers in 2Q21e/3Q21e/4Q21e, but will likely weigh on 1Q21e. The company has already begun placing orders to support sales for 2H21e.”

Onto the first quarter, Gillies says that this quarter is not a relevant quarter, he says this because, “it does not reflect the improvement in its capitalization in February 2021.” Stifel’s focus still remains on the second half of this year, and is carefully listening for management’s commentary on residential battery storage demand.

Below you can see Stifel’s updated 2021 – 2023 estimates.


FULL DISCLOSURE: Eguana Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Eguana Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Analysts Upgrade Peloton En Masse Off The Back Earnings Beat

Last night, Peloton Interactive (NASDAQ: PTON) announced their second-quarter financials. They reported total revenue of...

Friday, February 5, 2021, 02:53:00 PM

BMO: Activision Purchase Is “A Face-Saving Exit For Embattled CEO”

On January 18th, Microsoft (NASDAQ: MSFT) announced that they would be buying Activision Blizzard (NASDAQ:...

Sunday, January 23, 2022, 01:04:00 PM

Haywood Drops Cresco Labs Price Target To $24.50

Cresco Labs (CSE: CL) reported its first-quarter financial results this past week. The company announced...

Monday, May 31, 2021, 11:40:00 AM

BMO Gets Bullish On The Fertilizer Sector

Earlier this month, BMO Capital Markets raised their 12-month price targets on a number of...

Friday, April 15, 2022, 04:38:00 PM

Air Canada: BMO Raises Price Target $34 Off Restrictions Easing

Yesterday, BMO Capital Markets raised their 12-month price target on Air Canada (TSX: AC) to...

Tuesday, July 20, 2021, 05:32:00 PM