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EverGen Infrastructure Corp. ( (TSE:EVGN) ) has provided an update.
EverGen Infrastructure Corp. has strengthened its balance sheet strategy by entering into a Credit Agreement, through its Fraser Valley Biogas subsidiary, with Farm Credit Canada for a $13 million term loan and a $250,000 operating line of credit, intended largely to refinance existing corporate debt on terms better aligned with its current operations and strategic focus. In parallel, the company is extending the second tranche of its non-brokered private placement of up to 3,333,334 common shares at $0.60 per share for gross proceeds of up to $2 million, following a first tranche that raised $5 million in May 2025; proceeds will be used primarily to pay down indebtedness and support working capital and general corporate purposes, moves that collectively aim to improve financial flexibility and support EverGen’s growth outlook for 2026 in the renewable natural gas sector.
The most recent analyst rating on (TSE:EVGN) stock is a Hold with a C$0.40 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. is a Canadian renewable energy producer positioned as a renewable natural gas (RNG) infrastructure platform. Headquartered on Canada’s West Coast, the company acquires, develops, builds, owns and operates RNG, waste-to-energy and related infrastructure projects, with a primary focus on the Canadian market and plans for continued expansion across North America and beyond.
Average Trading Volume: 44,645
Technical Sentiment Signal: Sell
Current Market Cap: C$9.87M
For an in-depth examination of EVGN stock, go to TipRanks’ Overview page.