BFA Law Investigates Tennant Company After 23% Stock Plunge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy TNC?
Source: PRnewswire
- Stock Price Plunge: Tennant Company's stock plummeted 23% on February 24, 2026, due to severe operational disruptions caused by its new ERP system rollout in North America, resulting in approximately $30 million in lost sales, highlighting significant failures in technology implementation.
- Legal Investigation Initiated: BFA Law is investigating whether Tennant made false and misleading statements to investors regarding the ERP system's implementation, particularly claims that the project was 'progressing as anticipated,' which may constitute violations of federal securities laws and mislead investors.
- Increased Remediation Costs: Tennant anticipates spending over $20 million in 2026 to remediate ERP issues, significantly higher than the $5 million originally planned, which will further strain the company's financial health and impact future profitability.
- Investor Action Recommendations: BFA encourages affected investors to submit their information for potential legal recourse, indicating the company's shortcomings in crisis management and investor relations, which could lead to a broader trust crisis among stakeholders.
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Analyst Views on TNC
Wall Street analysts forecast TNC stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 66.500
Low
107.00
Averages
111.00
High
115.00
Current: 66.500
Low
107.00
Averages
111.00
High
115.00
About TNC
Tennant Company is engaged in designing, manufacturing, and marketing solutions. It offers products and solutions consisting of manual and autonomous mechanized cleaning equipment for both industrial and commercial uses, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Its products are used in various environments, including retail establishments, distribution centers, factories and warehouses, public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals, and clinics, and more. It markets its offerings under the brands: Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei and Rongen brands, as well as private-label brands. It has a portfolio of differentiated technology solutions that includes IRIS, ec-H2O NanoClean, and ReadySpace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP has announced an investigation into Tennant Company for potential securities fraud related to the rollout of its new enterprise resource planning (ERP) system, encouraging investors to seek further information to protect their rights.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4%, falling from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP system launch in North America, which rendered the company unable to process and ship customer orders.
- Financial Losses: Tennant anticipates a loss of approximately $30 million in sales due to the ERP implementation issues and will need to spend over $20 million in 2026 for remediation, significantly exceeding the originally planned $5 million expenditure.
- Legal Options: Investors who have incurred losses are encouraged to contact BFA Law for legal recourse, with all representation on a contingency fee basis, meaning investors will not be responsible for any litigation costs.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting
- Investor Attention: NVIDIA's recent report has sparked investor interest regarding whether its stock is fairly valued, indicating a heightened market focus on its future performance that could influence short-term price volatility.
- Educational Resource Provision: BetterInvesting's Editorial Advisory Committee has designated NVIDIA as the 'Stock to Study' for the June/July 2026 issue, providing investors with an opportunity for in-depth analysis aimed at enhancing decision-making capabilities.
- Transparency in Fundamentals: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors, which aids in making more informed investment decisions due to increased transparency.
- Industry Influence: BetterInvesting, a nonprofit investment education organization, has empowered over 5 million individuals since 1951 to improve their financial literacy, and NVIDIA's inclusion further strengthens its influence in the investment education sector.
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NVIDIA Named 'Stock to Study' by BetterInvesting Magazine
- Investor Interest: NVIDIA's recent report has sparked investor curiosity regarding whether its stock is fairly valued, indicating a strong market interest in its future performance.
- Research Recommendation: BetterInvesting Magazine's Editorial Advisory Committee has named NVIDIA as the 'Stock to Study' for the June/July 2026 issue, aiming to provide investors with valuable information and education, highlighting its potential investment value.
- Fundamental Data: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors' website, facilitating in-depth analysis.
- Educational Mission: Since 1951, BetterInvesting has focused on investment education, helping over 5 million individuals improve their financial futures, underscoring its significance in the investor education landscape.
See More
UPDATE FROM BETTERINVESTING™ MAGAZINE ON NVIDIA CORP. (NASDAQ: NVDA) AND TENNANT COMPANY (NYSE: TNC)
Company Overview: NVIDIA Corporation (NASDAQ: NVDA) and Tennant Company (NYSE: TNC) are highlighted in the latest update from Better Investing Magazine.
Market Performance: The article discusses the current market performance and investment potential of both companies, emphasizing their relevance in the tech and industrial sectors.
See More
Tennant Company Faces Investigation Over ERP System Issues
- Stock Price Plunge: On February 24, 2026, Tennant Company's stock price plummeted by $19.28 (-23%) due to significant issues with its North American ERP system, resulting in a market capitalization loss of approximately $343 million, indicating a severe erosion of investor confidence in the company's future prospects.
- Dismal Financial Performance: For 2025, Tennant reported a GAAP net income of only $43.8 million, representing a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that was 166% worse than the previous year's profit, highlighting a drastic deterioration in financial health.
- ERP System Failures: During the earnings call, management disclosed that the North American ERP go-live introduced severe functionality issues that hampered order entry, product shipping, and customer service capabilities, directly impacting operational efficiency and revenue generation.
- Legal Investigation Initiated: The national shareholder rights firm Hagens Berman has launched an investigation into whether Tennant violated federal securities laws regarding its disclosures, urging investors to report their losses, which underscores heightened scrutiny on the company's transparency and governance practices.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Overview: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the rollout of its new enterprise resource planning (ERP) system, indicating possible failures in the company's disclosure practices.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4%, from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP system launch in North America, which rendered the company unable to process and ship customer orders, resulting in approximately $30 million in lost sales.
- Increased Remediation Costs: Tennant anticipates spending over $20 million in 2026 to address the issues stemming from the ERP rollout, significantly higher than the $5 million originally budgeted, which will further strain the company's financial health and investor confidence.
- Legal Options for Investors: Investors are encouraged to contact BFA Law to understand their rights, highlighting the firm's commitment to addressing shareholder concerns and potential litigation responsibilities.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP has announced an investigation into Tennant Company for potential securities fraud related to the rollout of its new enterprise resource planning (ERP) system, encouraging investors to seek further information to protect their rights.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4%, falling from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP system launch in North America, which rendered the company unable to process and ship customer orders.
- Financial Losses: Tennant anticipates a loss of approximately $30 million in sales due to the ERP implementation issues and will need to spend over $20 million in 2026 for remediation, significantly exceeding the originally planned $5 million expenditure.
- Legal Options: Investors who have incurred losses are encouraged to contact BFA Law for legal recourse, with all representation on a contingency fee basis, meaning investors will not be responsible for any litigation costs.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting
- Investor Attention: NVIDIA's recent report has sparked investor interest regarding whether its stock is fairly valued, indicating a heightened market focus on its future performance that could influence short-term price volatility.
- Educational Resource Provision: BetterInvesting's Editorial Advisory Committee has designated NVIDIA as the 'Stock to Study' for the June/July 2026 issue, providing investors with an opportunity for in-depth analysis aimed at enhancing decision-making capabilities.
- Transparency in Fundamentals: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors, which aids in making more informed investment decisions due to increased transparency.
- Industry Influence: BetterInvesting, a nonprofit investment education organization, has empowered over 5 million individuals since 1951 to improve their financial literacy, and NVIDIA's inclusion further strengthens its influence in the investment education sector.
See More
NVIDIA Named 'Stock to Study' by BetterInvesting Magazine
- Investor Interest: NVIDIA's recent report has sparked investor curiosity regarding whether its stock is fairly valued, indicating a strong market interest in its future performance.
- Research Recommendation: BetterInvesting Magazine's Editorial Advisory Committee has named NVIDIA as the 'Stock to Study' for the June/July 2026 issue, aiming to provide investors with valuable information and education, highlighting its potential investment value.
- Fundamental Data: Investors can access key metrics such as sales, earnings, pre-tax profit, and return on equity for NVIDIA through the National Association of Investors' website, facilitating in-depth analysis.
- Educational Mission: Since 1951, BetterInvesting has focused on investment education, helping over 5 million individuals improve their financial futures, underscoring its significance in the investor education landscape.
See More
UPDATE FROM BETTERINVESTING™ MAGAZINE ON NVIDIA CORP. (NASDAQ: NVDA) AND TENNANT COMPANY (NYSE: TNC)
Company Overview: NVIDIA Corporation (NASDAQ: NVDA) and Tennant Company (NYSE: TNC) are highlighted in the latest update from Better Investing Magazine.
Market Performance: The article discusses the current market performance and investment potential of both companies, emphasizing their relevance in the tech and industrial sectors.
See More
Tennant Company Faces Investigation Over ERP System Issues
- Stock Price Plunge: On February 24, 2026, Tennant Company's stock price plummeted by $19.28 (-23%) due to significant issues with its North American ERP system, resulting in a market capitalization loss of approximately $343 million, indicating a severe erosion of investor confidence in the company's future prospects.
- Dismal Financial Performance: For 2025, Tennant reported a GAAP net income of only $43.8 million, representing a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that was 166% worse than the previous year's profit, highlighting a drastic deterioration in financial health.
- ERP System Failures: During the earnings call, management disclosed that the North American ERP go-live introduced severe functionality issues that hampered order entry, product shipping, and customer service capabilities, directly impacting operational efficiency and revenue generation.
- Legal Investigation Initiated: The national shareholder rights firm Hagens Berman has launched an investigation into whether Tennant violated federal securities laws regarding its disclosures, urging investors to report their losses, which underscores heightened scrutiny on the company's transparency and governance practices.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Overview: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the rollout of its new enterprise resource planning (ERP) system, indicating possible failures in the company's disclosure practices.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4%, from $82.30 to $63.02, primarily due to severe operational disruptions caused by the ERP system launch in North America, which rendered the company unable to process and ship customer orders, resulting in approximately $30 million in lost sales.
- Increased Remediation Costs: Tennant anticipates spending over $20 million in 2026 to address the issues stemming from the ERP rollout, significantly higher than the $5 million originally budgeted, which will further strain the company's financial health and investor confidence.
- Legal Options for Investors: Investors are encouraged to contact BFA Law to understand their rights, highlighting the firm's commitment to addressing shareholder concerns and potential litigation responsibilities.
See More
