EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), a leading Canadian renewable energy company and Canada’s renewable natural gas (“RNG”) infrastructure platform, was listed on Varun Anand’s top pick, released by BNN Bloomberg. The article noted that the recent invasion of Ukraine by Russia has heightened uncertainty in the market, creating elevated volatility. The article also observed that financial conditions would likely continue to tighten worldwide, although the article noted that rate would likely slow down, as central banks evaluate the situation. The article called EVGN a pure-play renewable energy company focused on renewable natural gas (“RNG”) infrastructure. “The company acquires, develops, builds, owns and operates a portfolio of renewable natural gas projects, primarily in British Colombia,” the article stated. “The RNG space is attractive given the positive impact it has on emissions (converting waste from landfills into natural gas is a carbon neutral event vs. mining for natural gas which increases emissions) and the fact that RNG producers are paid by both their suppliers (landfill owners, municipalities) and customers (utilities). . . . With existing liquidity and project-level debt, EVGN’s 2023 EBITDA will exceed $10M (up from $3M in 2021), representing a two-year CAGR of 83%. The company currently trades at 4x 2023 EBITDA, a compelling valuation on an absolute basis, and well below peers. While the shares will continue to have higher beta and volatility over the short term, we believe the risk/reward is heavily skewed to the upside, and the shares will re-rate as the company hits project milestones and attracts new investors to the shareholder base. Evergen remains one of the best ways for investors to gain exposure to the emerging renewable opportunity in RNG.”
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About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, EverGen acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America. For more information about EverGen and its products, visit www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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