Topic: How To Invest

Q: Hello. I would appreciate your views on a new company: Anaergia, listed on the Toronto stock exchange. Thanks.

Article Excerpt

A: Anaergia, $13.74, symbol ANRG on Toronto (Shares outstanding: 24.3 million; Market cap: $777.3 million; www.anaergia.com), engages in equipment design, process engineering, equipment manufacturing, and project integration, financing and execution to handle municipal solid waste (MSW), wastewater and discarded agri-food. The company converts the organic waste into clean water, fertilizer, and renewable natural gas. Established in 2007, Anaergia was formed to bring European resource recovery and high solids anaerobic digestion technologies to North America. Today, the company has 264 employees, including 96 engineers, operating across eight regional project offices and two manufacturing plants over four continents. The company launched its IPO on June 18, 2021, at $14.00 a share. Anaergia reports that it has taken part in building more than 1,700 resource recovery plants on four continents in the past 25-plus years. The company’s revenue in 2020 rose 42.8%, to $128.0 million from $89.7 million in 2019. Anaergia lost $16.8 million in 2020, compared to a profit of $8.6 million in 2019. Meantime, the company…