Green Equity - October 21, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Vicinity Motor (VEV) announced that the Royal Bank of Canada (RBC) plans to file a receivership order on Monday, October 21, 2024. Additionally, PricewaterhouseCoopers LLP has resigned as the company’s auditor, and the BC Securities Commission is expected to halt trading of Vicinity's common stock by the same date.
Anaergia Technologies (ANRG) has secured a C$13.3 million contract with the City of Riverside, California, to provide infrastructure at the Riverside Water Quality Control Plant for processing organic municipal waste into renewable natural gas (RNG). This project supports California's organic waste recycling goals under SB 1383 and aims to reduce landfill waste, lower carbon emissions, and improve cost efficiency. The contract builds on Anaergia's earlier work upgrading the plant's anaerobic digestion system.
ClearSign Technologies (CLIR) announced a new burner order from Exotherm Corporation for installation in a power generation facility in Missouri. The burner is set to be shipped in early 2025.
Price Targets & Reports
H.C. Wainwright reaffirmed its Buy rating on Gevo, Inc. (GEVO) with a $14.00 price target after securing a $1.63 billion conditional loan guarantee from the U.S. Department of Energy for its Net-Zero 1 project in South Dakota.