Greenlane Renewables Inc.

GRN-X

Analysis and Opinions about GRN-X

Signal
Opinion
Expert
COMMENT
COMMENT
September 11, 2020

A competitor to Xebec. They are expected to break even in 2021. He prefers Xebec. Both are bidding on books worth 1B.

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A competitor to Xebec. They are expected to break even in 2021. He prefers Xebec. Both are bidding on books worth 1B.

BUY
BUY
September 1, 2020
A past pick that he still likes it. They're in the renewable/natural gas space, which has a huge tailwind in coming decades driven by governments. For example, California targets 20% of their nat gas will come from renewable sources by 2030 (now it's less than 0.5%). GRN will benefit from these big projects. The stock hasn't done much lately. Last earnings report showed a revenue increase, but that didn't trickle to the bottom line. This happens with a growth company which is spending to keep growing. This sector will have huge tailwinds. You want this company to grow as fast as it can to take advantage of that tailwind. He continues to like it and will hold. Excellent long-term potential.
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A past pick that he still likes it. They're in the renewable/natural gas space, which has a huge tailwind in coming decades driven by governments. For example, California targets 20% of their nat gas will come from renewable sources by 2030 (now it's less than 0.5%). GRN will benefit from these big projects. The stock hasn't done much lately. Last earnings report showed a revenue increase, but that didn't trickle to the bottom line. This happens with a growth company which is spending to keep growing. This sector will have huge tailwinds. You want this company to grow as fast as it can to take advantage of that tailwind. He continues to like it and will hold. Excellent long-term potential.
BUY
BUY
July 2, 2020
They seem to be generating a lot of momentum. He thinks you will see a ramp up in this area. Renewable natural gas will really be at the forefront now. They continue to see great awards for their work. There are short term catalysts including a revaluation to their peers.
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They seem to be generating a lot of momentum. He thinks you will see a ramp up in this area. Renewable natural gas will really be at the forefront now. They continue to see great awards for their work. There are short term catalysts including a revaluation to their peers.
DON'T BUY
DON'T BUY
June 30, 2020

They compete with Xebec which he prefers. It's growing and has a backlog, but analysts still foresee negative earnings.

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They compete with Xebec which he prefers. It's growing and has a backlog, but analysts still foresee negative earnings.

HOLD
HOLD
April 27, 2020
They did a capital financing just prior to everything happening. They have a strong balance sheet to come through this. Once COVID-19 is over the will do well.
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They did a capital financing just prior to everything happening. They have a strong balance sheet to come through this. Once COVID-19 is over the will do well.
DON'T BUY
DON'T BUY
March 16, 2020

GRN-X vs. XBC-X. Analysts are forecasting a loss of 3 cents this year and 2 cents next year for GRN-X. XBC-X expects 10 cents earnings this year and 15 next year. Both companies are bidding on the same backlog. He is not keen on a company that is not making money this year or next year.

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GRN-X vs. XBC-X. Analysts are forecasting a loss of 3 cents this year and 2 cents next year for GRN-X. XBC-X expects 10 cents earnings this year and 15 next year. Both companies are bidding on the same backlog. He is not keen on a company that is not making money this year or next year.

TOP PICK
TOP PICK
February 13, 2020
Biogas is a hot topic. Jurisdictions around the world are moving towards a more carbon neutral footprint. They use three different technologies. 0.3% of gas is renewable and he thinks it will go to 5 or 10 over the next decade. These guys are right in the sweet spot. This is at a significantly less PE than peers. They should see some multiple expansion coming. (Analysts’ price target is $1.15)
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Biogas is a hot topic. Jurisdictions around the world are moving towards a more carbon neutral footprint. They use three different technologies. 0.3% of gas is renewable and he thinks it will go to 5 or 10 over the next decade. These guys are right in the sweet spot. This is at a significantly less PE than peers. They should see some multiple expansion coming. (Analysts’ price target is $1.15)
BUY
BUY
December 27, 2019
They did a financing within the last 6 months. There's a warrant of 30 cents. Like Xebec, they can extract gas from garbage dumps (including methane), process it, then sell that methane. They have an C$8.3 million contract with a California dump. GRN pulls the most gas off any garbage dump in the world--great technology and track record. Cheap vs. Xebec, but Xebec has a higher profile and could win future projects from GRN.
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They did a financing within the last 6 months. There's a warrant of 30 cents. Like Xebec, they can extract gas from garbage dumps (including methane), process it, then sell that methane. They have an C$8.3 million contract with a California dump. GRN pulls the most gas off any garbage dump in the world--great technology and track record. Cheap vs. Xebec, but Xebec has a higher profile and could win future projects from GRN.
WEAK BUY
WEAK BUY
September 30, 2019

He participated in their refinancing. They have a significant installed based. They extract gas from garbage dumps. The prospects are very good. He prefers XBC-X who are in the same business.

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He participated in their refinancing. They have a significant installed based. They extract gas from garbage dumps. The prospects are very good. He prefers XBC-X who are in the same business.

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Greenlane Renewables Inc.(GRN-X) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 7

Stockchase rating for Greenlane Renewables Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Greenlane Renewables Inc.(GRN-X) Frequently Asked Questions

What is Greenlane Renewables Inc. stock symbol?

Greenlane Renewables Inc. is a Canadian stock, trading under the symbol GRN-X on the TSX Venture Exchange (GRN-CV). It is usually referred to as TSXV:GRN or GRN-X

Is Greenlane Renewables Inc. a buy or a sell?

In the last year, 7 stock analysts published opinions about GRN-X. 4 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Greenlane Renewables Inc..

Is Greenlane Renewables Inc. a good investment or a top pick?

Greenlane Renewables Inc. was recommended as a Top Pick by Robert McWhirter on 2020-09-11. Read the latest stock experts ratings for Greenlane Renewables Inc..

Why is Greenlane Renewables Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Greenlane Renewables Inc. worth watching?

7 stock analysts on Stockchase covered Greenlane Renewables Inc. In the last year. It is a trending stock that is worth watching.

What is Greenlane Renewables Inc. stock price?

On 2020-09-25, Greenlane Renewables Inc. (GRN-X) stock closed at a price of $0.4.