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Anaergia to Supply Equipment for Spanish Biomethane Facility Upgrade

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Anaergia to Supply Equipment for Spanish Biomethane Facility Upgrade

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Anaergia ( (TSE:ANRG) ) has issued an announcement.

Anaergia Inc., through its subsidiary Anaergia S.r.l., has signed a contract with PreZero International to supply equipment for upgrading an anaerobic digestion facility in Bizkaia, Spain. The facility will process up to 50,000 tons of source-separated organics annually, converting them into biomethane using Anaergia’s proprietary technologies. This project marks Anaergia’s first plant in Spain and is expected to generate C$7.6 million in revenue. The upgrade will enhance the facility’s efficiency and sustainability, reinforcing Anaergia’s position as a leader in the RNG industry and contributing to environmental protection and sustainable value creation.

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, Inc. faces substantial financial challenges, reflected in the financial performance score, which is the most heavily weighted factor. While technical indicators suggest some positive price momentum, valuation concerns due to negative earnings and lack of dividend yield weigh down the score. Positive corporate events indicate strategic growth opportunities, but financial instability remains a significant risk.

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. The company is committed to addressing greenhouse gas emissions 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: 71,863

Technical Sentiment Signal: Buy

Current Market Cap: C$227.7M

For a thorough assessment of ANRG stock, go to TipRanks’ Stock Analysis page.

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