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  5. PNG: Kraken announced a sizeable order today - $34M. [Kraken Robotics Inc.]

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Q: Kraken announced a sizeable order today - $34M. The stock has recently sold off a bit but is up 14% today as of this writing. How material is the order? Was it expected? Have they updated their outlook for 2025? Out of 10, how would you rate the stock as a buy? I'm trying to decide whether to make it a full position.
Asked on February 27, 2025
5i Research Answer:
PNG is constantly talking to customers and it is typically a long sales cycle. We cannot say it...
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