National Bank The SP is way too low. GLTA
National Bank Financial’s Rupert Merer reduced his target for Anaergia Inc. to $20 from $22, keeping a “sector perform” rating. The average is $30.
“We revised our near-term forecasts, with delays to construction and operations due to COVID restrictions and feedstock delays,” he said. “In Italy, we pushed out estimates by a few quarters, while in California, facilities such as RBF are operating at low capacity levels. There could be some moving parts to our estimates given supply chain challenges, however, a growing backlog, higher energy prices and a growing need for energy security in Europe should support future investments.”