RE Royalties: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (RE)
RE Royalties 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 | 3.85 | 5.66 | 1.81 (47.0%) | 15792 | 80.6 | 0.0 | 27.5 |
| ARR | Altius Renewable | 7.05 | 9.21 | 2.16 (30.6%) | 27427 | 220.7 | 0.0 | 0.0 |
| RE | RE Royalties | 0.59 | 0.77 | 0.18 (29.8%) | 13448 | 25.4 | 6.8 | 284.9 |
| SPG | Spark Power Group | 0.80 | 0.97 | 0.17 (21.0%) | 196105 | 72.9 | 0.0 | 0.0 |
| GRB | Greenbriar Capital | 1.07 | 1.27 | 0.20 (18.7%) | 17521 | 36.1 | 0.0 | 0.0 |
| LCFS | Tidewater Renewables | 7.65 | 8.85 | 1.20 (15.7%) | 10714 | 265.7 | 0.0 | 0.0 |
| PIF | Polaris Renewable Energy | 12.88 | 14.05 | 1.17 (9.1%) | 41198 | 272.6 | 6.4 | 14.6 |
| REVV | ReVolve Renewable Power | 0.22 | 0.24 | 0.02 (8.0%) | 22155 | 12.1 | 0.0 | 0.0 |
| INE | Innergex Renewable Energy | 8.97 | 9.49 | 0.52 (5.8%) | 503220 | 1832.3 | 8.0 | 0.0 |
| UGE | UGE Intl | 1.34 | 1.37 | 0.03 (2.1%) | 24734 | 44.1 | 0.0 | 0.0 |
All data provided as of November 14, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
RE Royalties
RE Royalties Ltd is engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies by providing a non-dilutive royalty financing solution to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. Its solutions provide a non-dilutive, flexible, and low-cost financing alternative that allows its clients to free up capital in order to grow their businesses.
RE Royalties is listed under RE on the TSX Venture 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.
