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The latest update is out from EverGen Infrastructure Corp. ( (TSE:EVGN) ).
EverGen Infrastructure Corp. reported its Q1 2025 financial results, highlighting a record in quarterly renewable natural gas production, despite a 41% decrease in revenues compared to the previous year. The company achieved significant milestones with the stabilization of its Fraser Valley Biogas expansion project, which contributed to the record RNG production levels. However, the financial results were impacted by unexpected operating disturbances leading to reduced volumes and lower tip fee revenue, although these were partially offset by increased RNG production and revenues. The company also announced a purchase and sale agreement for the land on which Fraser Valley Biogas operates, valued at $2.62 million, and completed a private placement for CAD$5 million, alongside a management change.
The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on EverGen Infrastructure Corp. stock, see the TSE:EVGN Stock Forecast page.
Spark’s Take on TSE:EVGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:EVGN is a Neutral.
The overall score reflects significant positive developments from the earnings call and corporate events, which are somewhat offset by ongoing financial challenges and a poor valuation. The bearish technical indicators further weigh on the score.
To see Spark’s full report on TSE:EVGN stock, click here.
More about EverGen Infrastructure Corp.
EverGen Infrastructure Corp., headquartered on the West Coast of Canada, is a renewable energy producer focused on combating climate change. The company develops, builds, owns, and operates a portfolio of Renewable Natural Gas (RNG), waste-to-energy, and related infrastructure projects, primarily in Canada, with plans for expansion across North America.
Average Trading Volume: 10,535
Technical Sentiment Signal: Sell
Current Market Cap: C$9.4M
For a thorough assessment of EVGN stock, go to TipRanks’ Stock Analysis page.