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The latest update is out from Anaergia ( (TSE:ANRG) ).
Anaergia Inc., through its subsidiary Anaergia S.r.l., has signed a contract with Nortegas Renovables to construct an anaerobic digestion facility in southern Spain. This project, which is expected to generate C$18 million in revenue, will transform agricultural residue into renewable biomethane, reinforcing Anaergia’s commitment to sustainable energy solutions and enhancing its position in the renewable natural gas industry.
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 sector, holding over 250 patents for converting organic waste into sustainable solutions such as RNG, fertilizer, and water. The company is recognized for its comprehensive approach to resource recovery, combining solid waste processing, wastewater treatment, organics recovery, anaerobic digestion, and biomethane production.
Average Trading Volume: 54,857
Technical Sentiment Signal: Buy
Current Market Cap: C$314.6M
Learn more about ANRG stock on TipRanks’ Stock Analysis page.