Tue Oct 01 03:27:07 UTC 2024: ## SunOpta Upgraded to “Hold” by StockNews.com

**New York, NY – September 30, 2024** – SunOpta Inc. (NASDAQ: STKL, TSE: SOY), a leading manufacturer of plant-based and fruit-based food and beverage products, has received an upgrade from research analysts at StockNews.com. The firm raised its rating for SunOpta from “sell” to “hold” in a note released to investors on Monday.

SunOpta’s stock traded down $0.14 during midday trading on Monday, closing at $6.38. The company’s trading volume was 570,711 shares, compared to its average volume of 813,536. SunOpta’s market capitalization is $761.38 million.

The upgrade comes after SunOpta exceeded analysts’ expectations in its recent earnings report. The company reported earnings per share of $0.02 for the quarter ending August 7th, exceeding the consensus estimate of $0.01. Revenue also came in above expectations at $171 million, compared to analyst estimates of $159.95 million.

However, despite the positive earnings results, SunOpta’s revenue declined 17.7% year-over-year. Sell-side analysts anticipate that SunOpta will post 0.14 EPS for the current year.

SunOpta Inc. specializes in plant-based beverages, including oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands, as well as oat-based creamers, ready-to-drink protein shakes, and various other packaged food and beverage products.

The company’s strong earnings performance and positive outlook on plant-based food trends may have contributed to StockNews.com’s decision to upgrade SunOpta’s rating. However, investors should keep an eye on the company’s revenue growth and the overall market trends for plant-based food products.

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