EverGen Infrastructure Corp V.EVGN

Alternate Symbol(s): EVGIF

EverGen Infrastructure Corp. is a Canada-based independent renewable energy producer. The Company acquires, develops, builds, owns and operates a portfolio of renewable natural gas (RNG), waste to energy, and related infrastructure projects. Its Renewable Natural Gas Infrastructure Platform is combating climate change and helping communities contribute to a sustainable future. It operates three organic waste management facilities and two RNG production facilities. Its projects include Fraser Valley Biogas (FWB), GrowTEC, Project Radius, Sea to Sky Soils (SSS), Pacific Coast Renewables (PSR) and Prairie Sky Organics (PSO). FVB is an RNG facility, which combines anaerobic digestion and biogas upgrading to produce RNG, primarily by converting agricultural waste from local dairy farms. PCR, SSS and PSO operate organic waste conversion facilities, which process inbound organics, yard waste and biosolids and produce organic compost and soil for farmers, gardeners and developers.

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EverGen Infrastructure Corp > Better Targets

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Comment by BCdudeon Apr 25, 2022 4:38pm

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Post# 34630234

RE:Better Targets

Thanks for these reports, Retiredcf. Is there a place the entire reports can be downloaded?

retiredcf wrote:
Desjardins Securities analyst Brent Stadler cut his target for Vancouver-based EverGen Infrastructure Corp. to $8 from $10.50 with a “buy” rating. Others making changes include: Echelon Capital’s Michael Mueller to $10 from $11.25 with a “speculative buy” rating and RBC’s Nelson Ng to $6 from $7 with an “outperform” rating. The average is $9.75.

“We have modelled expected expansion project delays, which reduces our 2023 estimates, and have also increased our cost of equity,” Mr. Stadler said. “As a result, we have reduced our target ... We continue to believe that the RNG space is exciting and that EVGN’s outlook is positive with a significant pipeline which could lead to explosive growth. We look forward to the update on the expansion projects expected in 2 months and additional M&A in 2022.”