tiprankstipranks
Trending News
More News >
Anaergia, Inc. (TSE:ANRG)
TSX:ANRG
Canadian Market
Advertisement

Anaergia (ANRG) AI Stock Analysis

Compare
64 Followers

Top Page

TSE:ANRG

Anaergia

(TSX:ANRG)

Select Model
Select Model
Select Model
Neutral 45 (OpenAI - 4o)
Rating:45Neutral
Price Target:
C$2.50
▼(-2.34% Downside)
Anaergia's overall stock score is primarily impacted by its poor financial performance, characterized by significant profitability and cash flow challenges. Technical analysis provides some neutral signals, but the negative valuation metrics further weigh down the score. The absence of earnings call and corporate events data means these factors do not influence the score.

Anaergia (ANRG) vs. iShares MSCI Canada ETF (EWC)

Anaergia Business Overview & Revenue Model

Company DescriptionAnaergia Inc. is a global leader in the production of clean energy, fertilizer, and recycled water from waste. It operates within the renewable energy and waste management sectors, focusing on transforming waste streams into valuable resources. The company's core products and services include anaerobic digestion technology, which is used to convert organic waste into renewable natural gas, and integrated resource recovery facilities that produce clean water and fertilizers.
How the Company Makes MoneyAnaergia generates revenue by designing, building, and operating facilities that convert waste into renewable energy and other valuable byproducts. The company earns money through multiple streams: selling renewable natural gas produced from organic waste, generating tipping fees for waste processing, and selling recycled water and fertilizers. Additionally, Anaergia enters into long-term contracts and partnerships with municipalities and industrial clients, securing stable revenue flows through waste management and resource recovery services.

Anaergia Earnings Call Summary

Earnings Call Date:Aug 12, 2025
(Q3-2024)
|
% Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive strategic direction and financial improvements under new leadership. While there is a decline in revenue due to project timing, the company's operational and financial adjustments are yielding positive results. The strategic investments, improved cash position, and ongoing projects suggest a strong foundation for future growth.
Q3-2024 Updates
Positive Updates
Leadership and Strategic Shift
Anaergia introduced new leadership with Assaf Onn as CEO, Greg Wolf as CFO, and Scott Hodgdon as General Counsel. The company is shifting towards a refined sales and project development approach with a focus on a capital-light model.
Improved Financial Performance
Adjusted EBITDA improved by 42% from CAD 11.1 million to CAD 6.4 million this quarter. Loss from operations was substantially reduced year-over-year, and the net loss decreased significantly.
Strong Cash Position
Cash position increased to CAD 40.2 million, primarily due to the strategic investment from Marny, strengthening Anaergia's financial base.
Strategic Investments and Governance Improvements
Closed the Marny investment and completed a share restructuring simplification, converting dual-class shares into a single class to improve governance and align shareholder interests.
Operational Highlights and New Projects
Notable projects include the Riverside water quality control plant upgrade for CAD 13.3 million and the Jeju Island, South Korea project under a letter of intent for CAD 25 million. Anaergia also expanded its presence in Japan and Africa.
Negative Updates
Revenue Decline
Q3 2024 revenues decreased from CAD 34 million in Q3 2023 to CAD 29 million in Q3 2024 due to project completion and delays in new project signings.
Challenges with SB 1383 Adoption
Sluggish rollout of California's Senate Bill 1383, impacting the adoption of Anaergia's solutions in the state.
Company Guidance
During Anaergia's Q3 2024 earnings call, Assaf Onn, the CEO, highlighted several key metrics demonstrating the company's strategic shift towards a capital-light model. Adjusted EBITDA showed a significant improvement of 42%, increasing from CAD 11.1 million to CAD 6.4 million, reflecting operational efficiencies. The company's net loss decreased notably, with a cash position bolstered to CAD 40.2 million due to strategic investments, such as the Marny investment, which also improved the company's financial base. Revenue for Q3 2024 was CAD 29 million, down from CAD 34 million in Q3 2023, primarily due to the completion of Italian Capital Sales projects and delays in new project signings. However, net SG&A expenses decreased by 19.2% compared to the previous year. The company is focusing on sustainable growth, with new projects in California, South Korea, and the U.S., supported by favorable market conditions driven by incentives like the U.S. Inflation Reduction Act and Europe's RePower EU program.

Anaergia Financial Statement Overview

Summary
Anaergia's financial performance is severely challenged, with declining revenues, increasing losses, high leverage, negative equity, and poor cash flow generation. These factors indicate significant financial distress and a critical need for strategic restructuring.
Income Statement
30
Negative
Anaergia's income statement shows a troubling trend with declining revenues and increasing losses. The TTM (Trailing-Twelve-Months) revenue decreased slightly from the previous year, and the company reported negative EBIT and EBITDA margins. The gross profit margin has shrunk, and net profit margins remain negative, indicating ongoing operational challenges.
Balance Sheet
25
Negative
The balance sheet reflects significant financial distress, with negative stockholders' equity and a high debt-to-equity ratio due to accumulated losses. The equity ratio is negative, highlighting potential solvency issues. Overall, the company's financial stability is precarious, posing a risk to stakeholders.
Cash Flow
20
Very Negative
Anaergia's cash flow statements reveal consistent negative free cash flow and operating cash flow, indicating poor cash generation ability. The company has been relying on financing activities to support its operations, which is unsustainable in the long term without improvements in operational cash generation.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue120.22M111.65M147.22M162.85M153.58M128.04M
Gross Profit30.90M25.63M14.60M28.60M31.63M28.55M
EBITDA-27.37M-38.37M-185.49M-53.59M-11.38M-4.53M
Net Income-34.84M-42.89M-182.60M-74.71M-9.38M-16.82M
Balance Sheet
Total Assets226.14M233.33M278.67M935.11M703.91M452.23M
Cash, Cash Equivalents and Short-Term Investments22.20M30.22M22.11M55.38M79.32M41.16M
Total Debt66.29M71.71M70.89M377.65M221.50M168.63M
Total Liabilities185.55M180.12M205.08M592.97M367.30M326.46M
Stockholders Equity-66.33M-57.65M-55.38M208.84M218.02M43.27M
Cash Flow
Free Cash Flow-24.52M-41.01M-130.87M-152.97M-127.54M-100.57M
Operating Cash Flow-16.75M-30.23M-66.76M-30.56M-38.95M26.63M
Investing Cash Flow-19.83M10.90M-27.80M-192.50M-149.62M-154.48M
Financing Cash Flow16.73M32.52M64.76M198.13M229.91M153.87M

Anaergia Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.56
Price Trends
50DMA
2.51
Positive
100DMA
1.94
Positive
200DMA
1.51
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
48.29
Neutral
STOCH
26.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ANRG, the sentiment is Positive. The current price of 2.56 is below the 20-day moving average (MA) of 2.68, above the 50-day MA of 2.51, and above the 200-day MA of 1.51, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 26.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ANRG.

Anaergia Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$63.35B73.697.61%0.71%10.49%-32.11%
$10.79B15.437.44%2.01%2.89%-14.66%
C$23.17B-0.03%0.13%-5.22%-129.20%
C$52.09M-3.01%63.49%-133.70%
C$417.19M3.71%81.27%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ANRG
Anaergia
2.56
1.48
137.04%
TSE:WCN
Waste Connections
247.45
3.28
1.34%
TSE:BLM
BluMetric Environmental
1.39
0.61
78.21%
TSE:BQE
BQE Water
55.50
-11.90
-17.66%
TSE:GFL
GFL Environmental
63.77
8.13
14.62%
TSE:VTX
Vertex Resource Group Ltd.
0.24
-0.04
-14.29%

Anaergia Corporate Events

Business Operations and StrategyProduct-Related Announcements
Anaergia to Upgrade Italian Biogas Facility, Boosting Renewable Gas Production
Positive
Oct 1, 2025

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.

Business Operations and StrategyRegulatory Filings and Compliance
Anaergia Advances RNG Project in Riverside with New EPC and O&M Agreement
Positive
Sep 8, 2025

Anaergia Inc. has announced an agreement to provide engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for a renewable natural gas project in Riverside, California. This agreement aligns with Anaergia’s ‘capital-light’ strategy by selling its Riverside development project to a developer with institutional investor funding, reducing financial exposure while advancing the project. The project is expected to significantly decrease the carbon footprint of Riverside’s Water Quality Control Plant and comply with California’s SB1383 regulations for organic waste recycling.

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.

Business Operations and StrategyProduct-Related Announcements
Anaergia to Upgrade Italian Anaerobic Digestion Facility
Positive
Sep 2, 2025

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.

Business Operations and Strategy
Anaergia Partners with Nortegas Renovables for Biomethane Project in Spain
Positive
Aug 26, 2025

Anaergia Inc., through its subsidiary Anaergia S.r.l., has signed a contract with Nortegas Renovables to construct an anaerobic digestion facility in southern Spain. This project, which is expected to generate C$18 million in revenue, will transform agricultural residue into renewable biomethane, reinforcing Anaergia’s commitment to sustainable energy solutions and enhancing its position in the renewable natural gas industry.

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.

Business Operations and StrategyProduct-Related Announcements
Anaergia Secures Landmark Agreement for Biomethane Plants in Spain
Positive
Aug 19, 2025

Anaergia Inc., through its subsidiary Anaergia S.r.l., has entered into a binding agreement with a Spanish company to provide infrastructure and equipment for over 15 new biomethane plants in Spain, anticipating C$184 million in revenue. This agreement, marking Anaergia’s largest capital sale, is expected to significantly enhance Spain’s renewable energy sector and underscores Anaergia’s strategic focus on leveraging proprietary technologies to expand its presence in Europe.

The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Anaergia stock, see the TSE:ANRG Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Anaergia’s Strategic Shift Boosts Q2 2025 Financial Performance
Positive
Aug 12, 2025

Anaergia Inc. reported a strong financial performance for the second quarter of 2025, driven by a strategic shift to a capital-light business model. The company saw a 37% increase in revenue and a 153% rise in gross profit compared to the previous year, with a significant increase in its revenue backlog to $244 million. This growth reflects Anaergia’s enhanced positioning in the renewable natural gas sector, supported by regulatory and environmental trends favoring sustainable waste management solutions.

The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$1.30 price target. To see the full list of analyst forecasts on Anaergia stock, see the TSE:ANRG Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Anaergia to Develop Third Biomethane Facility for QGM in Italy
Positive
Aug 6, 2025

Anaergia S.r.l., a subsidiary of Anaergia Inc., has signed a contract with QGM S.á.r.l. to develop a new biomethane production plant in Ostellato, Italy, marking the third such facility for QGM in northern Italy. This project, which will utilize Anaergia’s advanced anaerobic digestion technologies, is expected to produce over 4 million cubic meters of methane annually from agricultural residues, supporting Italy’s sustainability and decarbonization goals. The facility is part of QGM’s broader strategy to build a leading biomethane portfolio in Italy, with Anaergia’s involvement underscoring its commitment to long-term partnerships and advancing sustainable energy solutions.

The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$1.30 price target. To see the full list of analyst forecasts on Anaergia stock, see the TSE:ANRG Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Anaergia to Double Biomethane Production at Italian Facility
Positive
Aug 1, 2025

Anaergia Inc., through its subsidiary Anaergia S.r.l., has signed an agreement to expand and upgrade the Moglia anaerobic digestion facility in northern Italy, operated by Bioenerys. This project will more than double the facility’s biomethane production, enhancing Bioenerys’ role as a solutions provider for agricultural residues and a renewable energy generator. Anaergia expects to complete the project by the end of 2026 and recognize revenues of C$11 million, further solidifying its position in the renewable natural gas industry.

The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$1.30 price target. To see the full list of analyst forecasts on Anaergia stock, see the TSE:ANRG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025