XOM - Tetra's Diversified Future: Lithium Zinc Bromide And Water Recycling Poised To Reshape Earnings Highlights Analyst | Benzinga
Benchmark analyst Kurt Hallead initiated coverage on Tetra Technologies Inc (NYSE: TTI) with a Buy rating and price target of $8.
The analyst believes the company is in the early stages of a corporate evolution focusing on the use of lithium in EV battery technology and zinc bromide in long-term battery storage projects to assist wind and solar farms.
The reuse of produced water from oil and gas operations is also among the key focus areas for TTI, says the analyst.
Hallead estimates the emerging growth opportunities to add $280 million to EBITDA and $8 in equity value.
For the lithium (EV batteries) ...