Shares of Greenlane Renewables Inc (GRN – Research Report) were revisited by a Wall Street analyst yesterday. The NA company, Greenlane Renewables Inc (TSX: GRN) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Lynk is ranked #622 out of 8643 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Greenlane Renewables Inc with a C$0.60 average price target.
Based on Greenlane Renewables Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$14.92 million and GAAP net loss of C$4.42 million. In comparison, last year the company earned revenue of C$18.09 million and had a GAAP net loss of C$3.15 million.
Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company is divided into two revenue streams Upgrader projects and Aftercare services. It derives maximum revenue from Upgrader projects. Geographically, it generates a majority of revenue from North America and also has a presence in Europe.
The company’s shares closed last Friday at C$0.16.
