Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from EverGen Infrastructure Corp. ( (TSE:EVGN) ) is now available.
EverGen Infrastructure Corp. has strengthened its balance sheet by closing a $13 million asset-level term loan and operating line with Farm Credit Canada through its Fraser Valley Biogas subsidiary, using the proceeds primarily to repay $12 million of higher-cost corporate debt and significantly reduce annual debt service. The company also completed a second tranche of its non-brokered private placement, raising approximately $1.9 million at $0.60 per share, which, together with the new facility, enhances financing alignment with project cash flows, lowers corporate leverage and provides additional capital flexibility to support organic growth, optimization projects and general corporate purposes, while signalling institutional and insider confidence in the platform’s future performance.
The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$0.43 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 score is primarily weighed down by weak financial performance (declining revenue, negative profitability, and negative operating/free cash flow). Technical indicators are somewhat supportive near-term (price above 20/50DMA with relatively strong RSI), but longer-term trend levels and a near-flat/negative MACD temper that support. Valuation is constrained by a negative P/E and no provided dividend yield.
To see Spark’s full report on TSE:EVGN stock, click here.
More about EverGen Infrastructure Corp.
EverGen Infrastructure Corp., headquartered on Canada’s West Coast, is a renewable energy producer focused on renewable natural gas (RNG) infrastructure. The company acquires, develops, builds, owns and operates projects that convert organic and agricultural waste into RNG, positioning itself as a platform for climate-focused energy solutions in Canadian communities.
Average Trading Volume: 43,625
Technical Sentiment Signal: Sell
Current Market Cap: C$9.76M
Find detailed analytics on EVGN stock on TipRanks’ Stock Analysis page.