Tidewater Renewables: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (LCFS)
Tidewater Renewables is now ranked among the top 10 undervalued stocks in the Utilities - Independent Power Producers industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Utilities - Independent Power Producers: Companies that own and operate merchant power generation facilities and sell electricity into retail and wholesale markets.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| GIP | Green Impact Partners | 2.69 | 3.52 | 0.83 (30.9%) | 18418 | 57.3 | 0.0 | 53.8 |
| GRB | Greenbriar Sustainable | 0.88 | 1.11 | 0.23 (26.6%) | 2822 | 30.0 | 0.0 | 0.0 |
| PIF | Polaris Renewable Energy | 11.62 | 14.41 | 2.79 (24.0%) | 31036 | 244.9 | 7.0 | 15.2 |
| INE | Innergex Renewable Energy | 7.99 | 9.29 | 1.30 (16.2%) | 567723 | 1626.5 | 7.9 | 0.0 |
| ARR | Altius Renewable | 9.29 | 10.59 | 1.30 (14.0%) | 9647 | 290.6 | 0.0 | 0.0 |
| LCFS | Tidewater Renewables | 7.40 | 8.18 | 0.78 (10.5%) | 12494 | 257.0 | 0.0 | 0.0 |
| UGE | UGE Intl | 0.77 | 0.85 | 0.08 (10.5%) | 9327 | 25.5 | 0.0 | 0.0 |
| MXG | Maxim Power | 4.40 | 4.59 | 0.19 (4.4%) | 6537 | 282.0 | 0.0 | 9.0 |
All data provided as of April 30, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Tidewater Renewables
Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas. The company generates maximum revenue from Renewable Fuels.
Tidewater Renewables is listed under LCFS on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
