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LOOP

Loop Industries

$8.05

-0.04 (-0.49%)

11:20
05/31/19
05/31
11:20
05/31/19
11:20

Loop Industries financing doesn't create overhang, says H.C. Wainwright

After Loop Industries announced a binding financing commitment of $35M from Northern Private Capital, H.C. Wainwright analyst Amit Dayal said he was pleased to see the premium paid and "straightforward terms" that he believes do not create any financing related overhangs. Commercialization of Loop's technology "should now be underway in earnest" given the funding, said Dayal, who has a Buy rating and $12 price target on Loop shares.

LOOP Loop Industries
$8.05

-0.04 (-0.49%)

04/26/19
HCWC
04/26/19
INITIATION
Target $12
HCWC
Buy
Loop Industries initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Amit Dayal started Loop Industries with a Buy rating and $12 price target. The analyst believes more than 90% of the global plastic waste remains untreated and makes it way to oceans, rivers, and landfills, posing a worldwide environmental threat. Loop is commercializing a solution that enables infinite recycling of this existing waste, Dayal tells investors in a research note.

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