Sees FY26 Adjusted EBITDA at $50M-$60M
Sees FY26 adjusted EBITDA $50M-$60M.
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- Earnings Performance: Mayville Engineering reported a Q4 non-GAAP EPS of -$0.08, missing expectations by $0.01, indicating challenges in profitability, while revenue reached $134.27 million, up 10.7% year-over-year, surpassing estimates by $0.68 million, demonstrating resilience in sales growth.
- Future Financial Guidance: The company issued financial guidance for Q1 and full-year 2026, forecasting net sales between $135.6 million and $143 million, with adjusted EBITDA expected to range from $5 million to $7 million, reflecting management's cautious optimism about future performance.
- Market Reaction: Despite the revenue beat, the decline in EPS may negatively impact investor confidence, particularly against a backdrop of rising cost pressures and intensified market competition, potentially leading to stock price volatility.
- Long-term Outlook: While facing short-term challenges, the company emphasized its commitment to future growth during the guidance announcement, suggesting that through sustained sales growth and cost control, Mayville Engineering has the potential for profitability improvement in the future.
- Successful Financing: Mustang Energy Corp. has successfully closed a non-brokered private placement of 2 million flow-through units, raising a total of $180,000, which will be allocated towards exploration of uranium projects in the Athabasca Basin, enhancing the company's resource development capabilities in critical minerals.
- Flow-Through Unit Structure: Each flow-through unit consists of one common share and half a warrant, with the warrants allowing for the purchase of common shares at C$0.15 within two years, providing potential future value appreciation opportunities for investors.
- Finder's Fees Payment: The company paid finder’s fees of $12,600 to Red Cloud Securities and issued 140,000 warrants, which not only strengthens investor relations but also paves the way for future financing activities.
- Project Expansion: Mustang holds 77,318 hectares in the Athabasca Basin, with its flagship Ford Lake project covering 7,743 hectares, showcasing the company's strong potential in uranium and critical mineral asset development, which is expected to attract more investor interest.
- Funding Size: Mustang Energy Corp announces a non-brokered private placement raising C$180,000 by selling 2 million flow-through units at C$0.09 each, demonstrating the company's ability to attract capital in the market.
- Clear Purpose: The proceeds will be allocated to resource exploration expenses, qualifying as “flow-through critical mineral mining expenditures” under Canadian tax law, which is expected to accelerate the company's development in critical minerals.
- Regulatory Approval: The closing of this offering is subject to necessary regulatory approvals from the Canadian Securities Exchange, anticipated by December 31, 2025, reflecting the company's commitment to compliance.
- Market Positioning: Mustang focuses on developing high-potential uranium and critical mineral assets, particularly in the Athabasca Basin of Saskatchewan, indicating a strategic positioning in the resource exploration sector.
- Strategic Expansion: Mustang Energy has staked 446 new mineral claims covering approximately 3,875 hectares in Newfoundland and Labrador, marking its first entry into Eastern Canada and enhancing its exploration portfolio in uranium and critical minerals.
- Uranium Project Potential: The Onyx Uranium Project consists of 143 claims located in southern Newfoundland, adjacent to historical high-grade uranium showings, with historical samples indicating grades up to 2.79% U₃O₈, highlighting the geological potential of the area.
- Copper-Silver Project Advantages: The Bridal Veil Project spans 300 hectares, with historical samples showing copper grades up to 9.4% and silver grades of 242 g/t, while excellent infrastructure will support future exploration and development efforts.
- Future Plans: Mustang intends to compile historical data and conduct modern field reconnaissance to identify and prioritize exploration targets, further advancing its business development in Newfoundland.
- Milestone Payment Completed: Mustang Energy has completed a $20,000 cash payment and issued 1,098,901 common shares under the option agreement with Skyharbour dated November 12, 2024, demonstrating the company's ongoing investment and commitment to the 914W Uranium Project.
- Shareholder Meeting Resolutions Passed: At the annual general meeting held on November 14, 2025, Mustang approved several resolutions, including setting the number of directors at three and electing new directors, thereby enhancing the company's governance structure.
- Arrangement Plan Approved: The British Columbia Supreme Court granted final approval for the arrangement plan involving Mustang and its wholly-owned subsidiary Allied on November 24, 2025, marking a significant advancement in the company's strategic restructuring efforts.
- Share Consolidation Proposal: The shareholder meeting also approved a proposal to consolidate up to 30 pre-consolidation common shares into one post-consolidation share, aimed at improving the market performance and attractiveness of the company's stock while optimizing its capital structure.
Grocery Outlet Holding Corp (GO): The stock rating increased from 40% to 70% based on its fundamentals and valuation, indicating growing interest according to Kenneth Fisher's investment strategy focused on low P/S ratios and strong profit growth.
Mayville Engineering Company Inc (MEC): Similar to Grocery Outlet, MEC's rating improved from 50% to 70%, reflecting positive changes in its underlying fundamentals and stock valuation within the Auto & Truck Parts industry.
Clean Energy Fuels Corp (CLNE): The rating for CLNE rose from 40% to 60%, suggesting a moderate level of interest based on its fundamentals and valuation in the Oil & Gas Operations sector.
About Kenneth Fisher and Validea: Kenneth Fisher, a prominent money manager and author, emphasizes the price/sales ratio for stock selection. Validea provides investment research based on strategies from renowned investors, aiming to identify stocks that outperform the market.









