Maxim Power: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (MXG)
Maxim Power 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.
Maxim Power
Maxim Power Corp is an independent power producer. The company is engaged in the development, ownership, and operation of power generation facilities and the resultant sale of generating capacity and electricity. It is focused entirely on power projects in Alberta. The company's core asset is the 300 MW H.R. Milner Plant (M2) in Grande Cache, AB is a state-of-the-art combined cycle gas-fired power plant that was commissioned in Q4, 2023.
Maxim Power is listed under MXG 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.
