Tennant Company Launches First Autonomous Robotic Sweeper X16 SWEEP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Should l Buy TNC?
Tennant Company announced the launch of the X16 SWEEP, the first autonomous, robotic sweeper engineered for complex industrial environments such as warehousing, logistics centers and light manufacturing operations by a major cleaning brand. The company said,"Built to meet rising expectations for industrial automation, the X16 SWEEP delivers consistent, repeatable floor-cleaning coverage facilities can rely on to support dependable operations."
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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: 78.050
Low
107.00
Averages
111.00
High
115.00
Current: 78.050
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.
Investigation into Tennant Company for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, which may undermine investor confidence.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price dropped from $82.30 to $63.02, a decline of over 23%, significantly reducing the company's market value and reflecting serious concerns about its operational capabilities.
- Sales Losses: The rollout of the ERP system in North America caused severe operational disruptions, leading to an estimated $30 million in lost sales and requiring over $20 million in additional remediation costs, far exceeding the initial $5 million budgeted.
- Legal Options: Investors are encouraged to contact BFA Law to understand their legal rights, indicating that the firm operates on a contingency fee basis, aiming to protect investors' interests without upfront costs.
See More
Tennant Company Faces Shareholder Rights Investigation
- Financial Performance Decline: Tennant reported significant declines in sales, adjusted EBITDA, and adjusted earnings per share in its February 23, 2026 press release, indicating operational disruptions during fiscal year 2025, particularly due to a three-week production halt from the ERP transition in November.
- Sales Loss Estimation: Management estimated that approximately half of the $30 million in lost sales due to the production disruption would be unrecoverable, which not only impacts the company's short-term financial performance but may also harm long-term customer relationships.
- Stock Price Volatility: Following the earnings report, Tennant's stock price fell by $19.28, or 23.43%, closing at $63.02 on February 24, 2026, raising concerns among investors regarding the company's future performance.
- Legal Investigation Initiated: Bragar Eagel & Squire, P.C. is investigating Tennant for potential violations of federal securities laws or other unlawful business practices, indicating that the company may face legal risks that could affect its reputation and market trust.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, indicating possible mismanagement in significant project execution.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price plummeted from $82.30 to $63.02, a drop of over 23%, resulting in a substantial loss of market value and severely undermining investor confidence.
- Sales Losses: The ERP rollout in North America caused severe operational disruptions, leading to an estimated $30 million in lost sales and requiring over $20 million in additional remediation costs, significantly exceeding the original budget of $5 million.
- Legal Options: Investors who suffered losses are encouraged to contact BFA Law for legal assistance, highlighting the company's potential liability and risks in managing investor rights.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: 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, highlighting possible failures in corporate disclosures.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price plummeted from $82.30 to $63.02, a drop of over 23%, primarily due to severe operational disruptions caused by the ERP system's implementation in North America, which hindered order processing and shipping.
- Financial Losses: The company anticipates a loss of approximately $30 million in sales due to the ERP issues and will need to spend over $20 million for remediation, significantly exceeding the initial $5 million budget, indicating major project management failures.
- Legal Implications: Investors are encouraged to contact BFA Law to understand their legal rights, suggesting that the company may face class action lawsuits, which could further impact its market reputation and investor confidence.
See More
Tennant Company Faces Investigation Over ERP System Failures
- Stock Price Plunge: On February 24, 2026, Tennant Company’s stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system in North America, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: The company reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that represented a 166% drop from the previous year, highlighting severe operational challenges.
- ERP System Issues: During the earnings call, management disclosed that the North America ERP go-live introduced critical functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed crucial information regarding ERP system problems, urging affected investors to submit their losses to assist in the inquiry, which may lead to legal repercussions.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to the rollout of its new enterprise resource planning (ERP) system, which may undermine investor confidence.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4% from $82.30 to $63.02 due to severe operational disruptions caused by the ERP implementation, resulting in an estimated $30 million loss in sales.
- Operational Issues: Following the ERP launch, Tennant was unable to process and ship customer orders, necessitating over $20 million in additional remediation costs, significantly higher than the $5 million initially budgeted.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, indicating that the company may face collective litigation risks, which could further impact its market performance.
See More
Investigation into Tennant Company for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, which may undermine investor confidence.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price dropped from $82.30 to $63.02, a decline of over 23%, significantly reducing the company's market value and reflecting serious concerns about its operational capabilities.
- Sales Losses: The rollout of the ERP system in North America caused severe operational disruptions, leading to an estimated $30 million in lost sales and requiring over $20 million in additional remediation costs, far exceeding the initial $5 million budgeted.
- Legal Options: Investors are encouraged to contact BFA Law to understand their legal rights, indicating that the firm operates on a contingency fee basis, aiming to protect investors' interests without upfront costs.
See More
Tennant Company Faces Shareholder Rights Investigation
- Financial Performance Decline: Tennant reported significant declines in sales, adjusted EBITDA, and adjusted earnings per share in its February 23, 2026 press release, indicating operational disruptions during fiscal year 2025, particularly due to a three-week production halt from the ERP transition in November.
- Sales Loss Estimation: Management estimated that approximately half of the $30 million in lost sales due to the production disruption would be unrecoverable, which not only impacts the company's short-term financial performance but may also harm long-term customer relationships.
- Stock Price Volatility: Following the earnings report, Tennant's stock price fell by $19.28, or 23.43%, closing at $63.02 on February 24, 2026, raising concerns among investors regarding the company's future performance.
- Legal Investigation Initiated: Bragar Eagel & Squire, P.C. is investigating Tennant for potential violations of federal securities laws or other unlawful business practices, indicating that the company may face legal risks that could affect its reputation and market trust.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company (NYSE:TNC) for potential securities fraud related to the implementation of its new enterprise resource planning (ERP) system, indicating possible mismanagement in significant project execution.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price plummeted from $82.30 to $63.02, a drop of over 23%, resulting in a substantial loss of market value and severely undermining investor confidence.
- Sales Losses: The ERP rollout in North America caused severe operational disruptions, leading to an estimated $30 million in lost sales and requiring over $20 million in additional remediation costs, significantly exceeding the original budget of $5 million.
- Legal Options: Investors who suffered losses are encouraged to contact BFA Law for legal assistance, highlighting the company's potential liability and risks in managing investor rights.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: 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, highlighting possible failures in corporate disclosures.
- Stock Price Plunge: On February 24, 2026, Tennant's stock price plummeted from $82.30 to $63.02, a drop of over 23%, primarily due to severe operational disruptions caused by the ERP system's implementation in North America, which hindered order processing and shipping.
- Financial Losses: The company anticipates a loss of approximately $30 million in sales due to the ERP issues and will need to spend over $20 million for remediation, significantly exceeding the initial $5 million budget, indicating major project management failures.
- Legal Implications: Investors are encouraged to contact BFA Law to understand their legal rights, suggesting that the company may face class action lawsuits, which could further impact its market reputation and investor confidence.
See More
Tennant Company Faces Investigation Over ERP System Failures
- Stock Price Plunge: On February 24, 2026, Tennant Company’s stock price plummeted by $19.28 (-23%) due to significant issues with its new ERP system in North America, resulting in a market capitalization loss of approximately $343 million, severely undermining investor confidence.
- Dismal Financial Performance: The company reported a GAAP net income of only $43.8 million for 2025, a staggering year-over-year decline of about 47%, while the fourth quarter saw a net loss that represented a 166% drop from the previous year, highlighting severe operational challenges.
- ERP System Issues: During the earnings call, management disclosed that the North America ERP go-live introduced critical functionality issues that limited order entry, product shipping, and customer service capabilities, estimating a $30 million adverse impact on net sales.
- Legal Investigation Initiated: Hagens Berman has launched an investigation into Tennant, focusing on whether the company concealed crucial information regarding ERP system problems, urging affected investors to submit their losses to assist in the inquiry, which may lead to legal repercussions.
See More
Tennant Company Under Investigation for Securities Fraud
- Investigation Background: Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to the rollout of its new enterprise resource planning (ERP) system, which may undermine investor confidence.
- Stock Price Plunge: On February 24, 2026, Tennant's stock dropped 23.4% from $82.30 to $63.02 due to severe operational disruptions caused by the ERP implementation, resulting in an estimated $30 million loss in sales.
- Operational Issues: Following the ERP launch, Tennant was unable to process and ship customer orders, necessitating over $20 million in additional remediation costs, significantly higher than the $5 million initially budgeted.
- Legal Options: Investors are encouraged to contact BFA Law to understand their rights, indicating that the company may face collective litigation risks, which could further impact its market performance.
See More
