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Anaergia ( (TSE:ANRG) ) just unveiled an update.
Anaergia Inc. has entered into an agreement with Bioenerys to expand and upgrade an anaerobic digestion facility in Ariano nel Polesine, Italy. This project, similar to a previous one in Moglia, Italy, will enhance the processing capacity for agricultural residues and significantly increase biomethane production. The upgrade is expected to generate approximately C$11 million in revenue for Anaergia and strengthen Bioenerys’ position as a key renewable energy provider.
The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$2.00 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 primarily impacted by its poor financial performance, characterized by significant profitability and cash flow challenges. While technical analysis shows bullish momentum, overbought conditions suggest caution. The valuation remains unattractive due to negative earnings and lack of dividends.
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 focused on converting organic waste into sustainable solutions such as RNG, fertilizer, and water. The company is recognized for its comprehensive approach to waste processing, wastewater treatment, organics recovery, anaerobic digestion, and biomethane production, aiming to reduce environmental impact and mitigate greenhouse gas emissions.
Average Trading Volume: 78,928
Technical Sentiment Signal: Buy
Current Market Cap: C$416.6M
Learn more about ANRG stock on TipRanks’ Stock Analysis page.