Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is engaged in deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. It has delivered over 145 biogas upgrading systems into 19 countries and over 160 biogas desulfurization units.

TSX:GRN - Post by User

Greenlane Renewables Inc

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Post by retiredcfon Nov 14, 2021 4:41pm

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Of the recent Stockchase Insights. GLTA

EPS of $0.0 matched estimates and revenue of $13.44M beat estimates of $12.54M. Revenues increased by 107% over the prior year, and the company has cited a growing sales pipeline. GRN is a relatively small company ($244.7M market cap) and has demonstrated good revenue growth. It is projected to be profitable by FY2022 and to increase sales by roughly 29% to 30% in the outer years. Valuation is decent, it has no debt, and it is expanding its margins and is on the path to profitability. The company has a good cash balance of $29.5M, a growing equity position, good liquidity, and while the company does issue shares to fund some operations, it is quite minimal. We think if the EV and renewables trade picks up momentum again, then we could see a rotation back into the renewables space, which would benefit GRN. We think that the general sales trend for GRN is quite positive and the overall sentiment towards the renewable energy space is increasing and as the company continues to win new contracts we could see a revitalization in the name.

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