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Anaergia ( (TSE:ANRG) ) has issued an update.
Anaergia Technologies has been awarded a C$43.8 million contract by the East County Advanced Water Purification Joint Powers Authority in San Diego to design and build a renewable power generation facility. This project will enhance energy resilience and reduce operational costs by converting organic waste into renewable energy, furthering Anaergia’s role in advancing energy resilience and the circular economy in Southern California.
The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$2.50 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 reflects significant financial challenges, including profitability and cash flow issues, which weigh heavily on its financial performance score. Positive developments from the earnings call, such as revenue growth and improved margins, provide some optimism. However, valuation concerns and ongoing net losses limit the stock’s attractiveness.
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, specializing in converting organic waste into sustainable solutions such as RNG, fertilizer, and water. With over 300 patents and a decade of experience, Anaergia is a leader in the industry, offering integrated end-to-end solutions that combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production.
Average Trading Volume: 209,750
Technical Sentiment Signal: Buy
Current Market Cap: C$380.3M
See more data about ANRG stock on TipRanks’ Stock Analysis page.