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An announcement from Anaergia ( (TSE:ANRG) ) is now available.
Anaergia Inc., through its subsidiary Anaergia S.r.l., has expanded its collaboration with Techbau S.p.A. to build two additional biomethane production plants in Italy, increasing the total to seven facilities. This expansion supports Italy’s sustainable energy goals and is expected to generate over C$36 million in revenue for Anaergia, highlighting the strong partnership and trust between the two companies.
The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$1.30 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 weak financial performance, which is a significant risk factor. Technical analysis and corporate events provide some positive outlook, with strategic expansions indicating potential for future growth. However, valuation challenges and financial instability weigh heavily on the score.
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 dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. The company is committed to addressing greenhouse gas emissions through cost-effective processes and offers an integrated portfolio of solutions, including solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production.
Average Trading Volume: 71,792
Technical Sentiment Signal: Hold
Current Market Cap: C$237.8M
For detailed information about ANRG stock, go to TipRanks’ Stock Analysis page.