10:14 AM EDT, 05/06/2024 (MT Newswires) -- DBRS on Friday changed the trend on CES Energy Solutions ( CESDF ) to "Positive" from "Stable" while confirming the issuer rating at "B (high)".

The rating agency said it may upgrade the credit rating over the next 12 months if the company maintains its market position and growth in earnings over 2024, while maintaining its lease-adjusted debt-to-cash flow ratio at or around 2.5 times.

"While unlikely, a negative credit rating action would be possible if activity levels and key credit metrics are materially and consistently below Morningstar DBRS' expectations," the agency added.

The company's stock was up over 2% at 52 week high levels on last look on Monday in Canada.

Price: 5.81, Change: +0.16, Percent Change: +2.83