Post by
nevertrumper on Apr 27, 2022 4:14pm
TD Maintains $35 target.
TD View: In light of the delays at its flagship Rialto facility that we believe are largely out of the company's control, we expect that a more normalized ramp up in volumes at this facility may ease investor concerns around potential future asset performance and the Company's ability to meet its 2023 guidance, including revenue ranging between $490 million and $560 million, as well as an EBITDA range of $85.0 million to $105.0 million. Our forecast currently contemplates one Italian facility commissioning in Q2/22 and, as a result, we view this announcement as consistent with our forecast. As a result, will not be making any changes to our forecast at this time, but note that our forecast is de-risked to a certain degree by this announcement. We continue to believe that Anaergia possesses several high quality attributes, including its broad intellectual-property portfolio, strategic focus on municipal waste through a growth-focused infrastructure model, and the most commercial-ready business model in our Clean Technology coverage universe. As a result, Anaergia remains our top pick in the Clean Technology sector.
Comment by
ZouZS3 on Apr 29, 2022 12:10pm
New 52 week low at 8.64. What a joke!