Green Equity - October 31, 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
Enovix Corporation (ENVX) has launched a $100 million public stock offering to fund general corporate purposes, including scaling up production at its Fab2 facility in Malaysia. Enovix, a leader in advanced battery technology, is actively ramping up production capabilities and has recently shipped EX-2M battery samples, keeping on track for high-volume production in 2025.
OPAL Fuels Inc. (OPAL) has started commercial operations at its RNG facility at the Polk County landfill in Florida. The plant produces pipeline-quality RNG from landfill biogas, with a capacity equivalent to 8.5 million gallons of gasoline annually.
LanzaTech (LNZA) and Eramet are partnering to establish a pioneering CCUS facility at Herøya Industrial Park in Norway, set to open in 2028. Using LanzaTech's carbon recycling technology, the plant will convert furnace gas from Eramet’s manganese smelter into ethanol, with a production capacity of 24,000 tons per year.
Price Targets & Reports
H.C. Wainwright has initiated coverage of Nano Nuclear Energy (NNE) with a "Buy" rating and a $50 price target. The firm highlights Nano’s vertically integrated approach as a comprehensive solution across the nuclear industry value chain, potentially positioning it as a significant player in nuclear technology.