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Anaergia ( (TSE:ANRG) ) has provided an announcement.
Anaergia Inc. has announced an agreement to provide engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for a renewable natural gas project in Riverside, California. This agreement aligns with Anaergia’s ‘capital-light’ strategy by selling its Riverside development project to a developer with institutional investor funding, reducing financial exposure while advancing the project. The project is expected to significantly decrease the carbon footprint of Riverside’s Water Quality Control Plant and comply with California’s SB1383 regulations for organic waste recycling.
The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Anaergia stock, see the TSE:ANRG Stock Forecast page.
Spark’s Take on TSE:ANRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:ANRG is a Neutral.
Anaergia’s overall stock score is primarily impacted by its poor financial performance, characterized by significant profitability and cash flow challenges. While technical analysis shows bullish momentum, overbought conditions suggest caution. The valuation remains unattractive due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:ANRG stock, click here.
More about Anaergia
Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents focused on converting organic waste into sustainable solutions like RNG, fertilizer, and water. The company addresses greenhouse gas emissions through cost-effective processes and offers an integrated portfolio of solutions, including solid waste processing, wastewater treatment, organics recovery, anaerobic digestion, and biomethane production.
Average Trading Volume: 113,930
Technical Sentiment Signal: Buy
Current Market Cap: C$477.9M
For a thorough assessment of ANRG stock, go to TipRanks’ Stock Analysis page.