Tidewater Renewables Ltd. (TSE:LCFS) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tidewater Renewables Ltd. reported a strong second quarter in 2024 with a net income of $4.9 million and a record Adjusted EBITDA of $29.6 million, a significant improvement from the previous year. The company’s performance was bolstered by high utilization at its Renewable Diesel & Renewable Hydrogen Complex and the advancement of its sustainable aviation fuel project. Additionally, Tidewater Renewables is set to improve its financial position through strategic asset sales, including its canola co-processing infrastructure and used cooking oil feedstock assets.
For further insights into TSE:LCFS stock, check out TipRanks’ Stock Analysis page.
