Alter NRG Conducted its Annual Open House in Teesside, England, including presentations from customers; Analystʹs report of visit to Air Productsʹ Tees Valley Project.
Reiterate Buy Rating
Investment Conclusion
Headquartered in Calgary, Canada, Alter NRG Corp. (TO:NRG) is a clean energy company commercializing plasma gasification projects leveraging its plasma torch technology. Alter entered the plasma gasification business through the acquisition of Westinghouse Plasma Corporation in 2007. The company is currently a market leader in providing alternative and renewable clean energy solutions through its proprietary plasma gasification technology to meet the growing global demand for clean fuels, which places them on a strong footing in several end‐markets including Biomass‐To‐Fuels, Energy‐from‐Waste (EfW) and certain traditional hydrocarbon fuel replacements. With the company projecting to be cash flow positive by the end of 2014, and the pipeline in place, we believe the company is on the cusp of a period of rapid product adoption and is undervalued at these levels.