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The latest announcement is out from Anaergia ( (TSE:ANRG) ).
Anaergia Inc., through its subsidiary Anaergia S.r.l., has entered into a binding agreement with RDR S.p.A. to supply capital equipment for a co-digestion system at the ASA Livorno wastewater treatment plant in Livorno, Italy. This project, which is the first of its kind in Italy, will combine source-separated organics and wastewater sludge to produce renewable biomethane, with construction expected to be completed by December 2026. The initiative represents a significant step for Anaergia in leveraging its global expertise to turn waste streams into valuable energy resources, thereby advancing sustainable 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 score is primarily affected by its weak financial performance, which poses significant risks. However, positive technical indicators and strategic corporate events provide some optimism. The valuation is challenging due to negative earnings, but potential growth from new projects could improve future outlook.
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, known for converting organic waste into sustainable solutions like RNG, fertilizer, and water. With over 250 patents, Anaergia is committed to reducing greenhouse gases through cost-effective processes and offers integrated solutions in solid waste processing, wastewater treatment, organics recovery, anaerobic digestion, and biomethane production.
Average Trading Volume: 73,728
Technical Sentiment Signal: Hold
Current Market Cap: C$224.3M
See more data about ANRG stock on TipRanks’ Stock Analysis page.