Tetra's Diversified Future: Lithium, Zinc Bromide, And Water Recycling Poised To Reshape Earnings, Highlights Analyst
Portfolio Pulse from Lekha Gupta
Benchmark analyst Kurt Hallead initiated coverage on Tetra Technologies Inc (TTI) with a Buy rating and price target of $8. The analyst believes TTI is focusing on lithium for EV battery technology, zinc bromide for long-term battery storage, and water recycling from oil and gas operations. These areas are estimated to add $280 million to EBITDA and $8 in equity value. TTI's shares are trading higher by 4.84% at $6.50.
September 28, 2023 | 7:16 pm
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POSITIVE IMPACT
Eos Energy Enterprises Inc (EOSE) is mentioned positively in relation to TTI's zinc bromide business, with TTI having an existing commercial arrangement with EOSE.
The mention of EOSE in a positive context, as part of TTI's zinc bromide business, could potentially boost investor confidence in EOSE and drive its stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tetra Technologies Inc (TTI) received a Buy rating from Benchmark analyst Kurt Hallead, who believes the company's focus on lithium, zinc bromide, and water recycling will significantly boost its EBITDA and equity value. TTI's shares are currently trading higher.
The positive rating from the Benchmark analyst, along with the company's focus on emerging sectors like lithium for EV batteries, zinc bromide for energy storage, and water recycling, are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100