LOOP stock icon

Loop Industries
LOOP

$2.14
1.9%
 

About: Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

Employees: 56

0
Funds holding %
of 6,702 funds
Analysts bullish %
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1.01% less ownership

Funds ownership: 4.89% [Q4 2023] → 3.87% (-1.01%) [Q1 2024]

9% less funds holding

Funds holding: 35 [Q4 2023] → 32 (-3) [Q1 2024]

13% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 8

41% less capital invested

Capital invested by funds: $8.78M [Q4 2023] → $5.16M (-$3.61M) [Q1 2024]

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $87K

Research analyst outlook

We haven’t received any recent analyst ratings for LOOP.

Financial journalist opinion

Based on 3 articles about LOOP published over the past 30 days

Neutral
Accesswire
3 weeks ago
Loop Industries and Reed Management Sign Agreement for €35 Million Financing for Global Commercialization of the Infinite Loop(TM) Technology and To Form French Joint Venture
LOOP AND REED MANAGEMENT SAS ("REED") SIGN AGREEMENT FOR €35 MILLION IN FINANCING TO CONTRIBUTE TO THE GLOBAL COMMERCIAL ROLLOUT OF THE INFINITE LOOP™ TECHNOLOGY LOOP AND REED TO FORM JOINT VENTURE TO COMMERCIALIZE LOOP'S TECHNOLOGY ACROSS EUROPE PARTNERSHIP IN LINE WITH LOOP'S STRATEGY OF DEPLOYING CAPITAL IN LOW-COST MANUFACTURING COUNTRIES SUCH AS INDIA AND HAVE A MORE ASSET-LIGHT MODEL FOCUSED ON LICENSING ITS TECHNOLOGY IN HIGHER COST COUNTRIES MONTREAL, QC / ACCESSWIRE / May 30, 2024 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that the Company and Reed, a European investment firm focused on high impact and technology-enabled infrastructure, have signed definitive binding agreements, subject to certain closing conditions, for an investment of €35 million from Reed to fund the global commercialization of the Infinite Loop™ technology and have agreed to form a 50/50 joint venture for the European deployment of Loop's technology. The signing of this agreement occurred subsequent to the Company's fourth quarter and full fiscal year 2024 financial release and 10-K filing and is therefore being announced separately as a further update to these filings.
Loop Industries and Reed Management Sign Agreement for €35 Million Financing for Global Commercialization of the Infinite Loop(TM) Technology and To Form French Joint Venture