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Anaergia ( (TSE:ANRG) ) has issued an announcement.
Anaergia Inc., through its subsidiary Anaergia S.r.l., has entered a joint venture with Tozzi Sud and Isolmec Group to construct an anaerobic digestion facility for BioHold in Basilicata, Italy. This C$22 million project, named Ora Biogas, will process agricultural residues to produce renewable gas, generating over 47,000 megawatt-hours of biomethane annually for Italy’s gas network. The collaboration highlights Anaergia’s strategic partnerships and its commitment to advancing sustainable energy solutions, reinforcing its position in the renewable energy sector.
The most recent analyst rating on (TSE:ANRG) stock is a Hold with a C$2.50 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. The technical analysis suggests bearish momentum, and the valuation is unattractive due to a negative P/E ratio and no dividend yield. These factors collectively indicate a high-risk investment with limited immediate upside potential.
To see Spark’s full report on TSE:ANRG stock, click here.
More about Anaergia
Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 300 patents focused on converting organic waste into sustainable solutions such as RNG, fertilizer, and water. The company is dedicated to reducing greenhouse gas emissions through cost-effective processes and is recognized as a leader in the RNG industry due to its proprietary technologies and extensive experience in facility design, construction, and operation.
Average Trading Volume: 203,743
Technical Sentiment Signal: Buy
Current Market Cap: C$417.9M
Learn more about ANRG stock on TipRanks’ Stock Analysis page.