Altius Renewable: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (ARR)
Altius Renewable 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 |
|---|---|---|---|---|---|---|---|---|
| GRB | Greenbriar Sustainable | 0.74 | 1.08 | 0.34 (46.5%) | 7740 | 25.1 | 0.0 | 0.0 |
| GIP | Green Impact Partners | 3.08 | 4.48 | 1.40 (45.4%) | 6895 | 65.9 | 0.0 | 0.0 |
| RE | RE Royalties | 0.48 | 0.63 | 0.15 (30.9%) | 18193 | 21.1 | 8.3 | 0.0 |
| WEB | Westbridge Renewable | 0.87 | 1.14 | 0.27 (30.8%) | 54791 | 92.7 | 11.4 | 2.8 |
| LCFS | Tidewater Renewables | 7.54 | 8.82 | 1.28 (17.0%) | 2956 | 271.5 | 0.0 | 0.0 |
| ARR | Altius Renewable | 9.18 | 10.64 | 1.46 (15.9%) | 10572 | 287.0 | 0.0 | 0.0 |
| MXG | Maxim Power | 4.15 | 4.75 | 0.60 (14.4%) | 7440 | 266.2 | 0.0 | 7.9 |
| REVV | ReVolve Renewable Power | 0.28 | 0.32 | 0.04 (14.0%) | 23487 | 16.1 | 0.0 | 0.0 |
| UGE | UGE Intl | 1.87 | 2.05 | 0.18 (9.4%) | 191385 | 62.9 | 0.0 | 0.0 |
| PIF | Polaris Renewable Energy | 13.00 | 13.66 | 0.66 (5.1%) | 62339 | 274.9 | 6.2 | 17.5 |
All data provided as of June 25, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Altius Renewable
Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term objective is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties.
Altius Renewable is listed under ARR 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.
