AssessmentAnaergia generated $128M in revenue and $3.1M in EBITDA in 2020, after reporting losses of $3.5M and $7.5M in 2019 and 2018 respectively. Management expects EBITDA of $50M to $60M in 2022 and $85M to $105M in 2023. ANRG claims a propriety portfolio of end-to-end solutions in services and has a 51% stake in California's Rialto Bioenergy Facility (North America’s largest organic waste processing facility). It's also building another facility in California and three in Italy, and its technology is used at more than 230 waste processing facilities, mostly in Asia, Europe, and North America. With a focus on eliminating greenhouse gases by processing organic waste into clean water, fertilizer, and renewable natural gas, ANRG hits the right notes of ESG focus and has more than 200 active and pending patents. There should be ample interest in this one.
So said 5iResearch in response to a number of inquiries. GLTA