AnalystsOn the website, there are three analysts mentioned in the Investors section:
- Cannacord: no price target or recommendation
"With validation from multiple pilot plant tests and firms, including Stantec
Consulting Ltd., WSP Canada, Wood Group Mustang, U.S. Department of Energy
Oak Ridge Laboratory, Tetra Tech, Process Dynamics Inc., and Koch Modular
Process Systems, the company plans to build and enhance UMO re-refineries and
license intellectual property to third parties around the world, while it is currently
undertaking engineering work for a brownfield re-refinery to be built in the US Gulf
Coast."
- Cormark: Speculative Buy, target 4$
Initiating Coverage: ReGen III offers investors exposure to a small-cap recycling
technology company with exceptionally strong partners and a highly de-risked pathway
to reaching commercial production. With the stock trading at a significant discount to our
risked, fully financed net asset value of the Company’s Texas project ($8.56/share) and
more facilities likely to be developed around the ReGenTM process, we believe that the
stock has considerable upside potential and would represent an excellent investment
for technology/ESG-minded investors with a slightly above-average risk tolerance. We
are launching coverage of ReGen III with a Speculative Buy recommendation and $4.00
target price, with our target equating to roughly 50% of our unrisked net asset value
estimate for the Texas project.
...
Paradigm: Buy, target 4$
" On a full-year run rate (ie 2024), ReGen's valuation is 1.1x EV/EBITDA, a substantial discount to refinery and RNG/biofuel infrastructure comps at 9.3x.
...
Are there other analyst reports out there already? Haywood? A German firm?
Have any ESG funds already taken a position?