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An announcement from Anaergia ( (TSE:ANRG) ) is now available.
Anaergia Inc., through its subsidiary Anaergia S.r.l., has signed an agreement to expand and upgrade the Moglia anaerobic digestion facility in northern Italy, operated by Bioenerys. This project will more than double the facility’s biomethane production, enhancing Bioenerys’ role as a solutions provider for agricultural residues and a renewable energy generator. Anaergia expects to complete the project by the end of 2026 and recognize revenues of C$11 million, further solidifying its position in the renewable natural gas industry.
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 financial difficulties are the most significant factor impacting its stock score, marked by declining revenues, high leverage, and negative cash flows. While technical indicators show some stability, they are overshadowed by the financial performance. Valuation concerns due to negative earnings also weigh heavily. Although corporate events are positive, they are not factored into the weighted score due to methodology.
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. Anaergia is committed to addressing greenhouse gases through cost-effective processes and offers an integrated portfolio of end-to-end solutions, including solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production.
Average Trading Volume: 43,328
Technical Sentiment Signal: Buy
Current Market Cap: C$222.7M
Learn more about ANRG stock on TipRanks’ Stock Analysis page.