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The latest update is out from Anaergia ( (TSE:ANRG) ).
Anaergia, through its subsidiary Anaergia S.r.l, has entered into an agreement to upgrade Società Agricola Zilio’s anaerobic digestion facility in Veneto, Italy. The project will nearly double the plant’s feedstock capacity and increase renewable natural gas production to over 20,000 megawatt-hours annually, contributing to Italy’s national gas grid. This initiative exemplifies Anaergia’s capability to deliver customized solutions that enhance renewable energy output, supporting Italy’s transition to sustainable energy and generating projected revenues exceeding C$4.7 million by mid-2026.
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 leading technology company in the renewable natural gas (RNG) sector, with a focus on converting organic waste into sustainable solutions such as RNG, fertilizer, and water. The company holds over 300 patents and is known for its expertise in facility design, construction, and operation, positioning itself as a leader in the RNG industry. Anaergia offers an integrated portfolio of solutions that include solid waste processing, wastewater treatment, organics recovery, anaerobic digestion, and biomethane production, aiming to reduce environmental impact and mitigate greenhouse gas emissions.
Average Trading Volume: 149,370
Technical Sentiment Signal: Buy
Current Market Cap: C$492.1M
See more data about ANRG stock on TipRanks’ Stock Analysis page.