Varun Anand
Tidewater Renewables
LCFS-T
BUY
Mar 02, 2022
A niche Canadian name. Building a renewable diesel facility and other ESG-friendly projects. Super-compelling valuation for a company that will double or triple EBITDA over the next couple of years. Growth opportunities outside its renewable diesel facility.
Newly listed. Renewables and ESG. One of the best ways to play the renewable diesel and hydrogen theme in Canada. Tremendous opportunity. Trading at less than 4x 2023 EBITDA, which is discounting way too much execution risk for this talented team. No dividend.