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Anaergia ( (TSE:ANRG) ) has provided an announcement.
Anaergia Singapore Pte. Ltd., a subsidiary of Anaergia Inc., has signed a conditional contract with New Jeju Bio Co. Ltd. to design and build a biogas facility on Jeju Island, South Korea. This project, valued at approximately C$40 million, marks Anaergia’s first venture in South Korea and is expected to be completed by mid- to late-2027. The facility will convert organic waste into renewable energy, significantly reducing greenhouse gas emissions and promoting waste recycling on Jeju Island. This development enhances Anaergia’s market presence in South Korea and demonstrates its capability to deliver integrated waste-to-energy solutions.
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 heavily impacted by its financial instability, with declining revenue and negative equity posing major risks. While technical analysis shows some positive momentum, valuation concerns persist due to lack of profitability. Strategic partnerships and projects offer potential recovery, but substantial financial risks remain.
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, dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. With over 250 patents, Anaergia is committed to addressing greenhouse gas emissions through cost-effective processes and offers an integrated portfolio of end-to-end solutions in solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production.
Average Trading Volume: 71,058
Technical Sentiment Signal: Hold
Current Market Cap: C$231.1M
Learn more about ANRG stock on TipRanks’ Stock Analysis page.