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Beacon doubles price target on Xebec Adsorption to $7.00
FEBRUARY 18, 2020 BY NICK WADDELL
Xebec AdsorptionBig news from Xebec Adsorption (Xebec Adsorption Stock Quote, Chart, News TSXV:XBC) has earned a bullish new target price at Beacon Securities analyst Ahmad Shaath.
This morning, Xebec announced its very first Canadian Renewable Natural Gas (RNG) infrastructure project. The project, located in Quebec, will take the form of a partnership with Bahler Biogas Inc. The company says the planned facility will process more than 45,000 metric tonnes of organic waste per year through an anaerobic digestion process.
“It is great to finally see our first BOO project move forward, Xebec CEO Kurt Sorschak said. “It showcases how local partners can come together to create a community-based sustainable waste solution for a true circular economy. Renewable natural gas presents a unique opportunity to both divert organic waste from landfills and produce a valuable source of clean energy to displace fossil natural gas and create a biofertilizer for farmers. Xebec plans to be a valuable technology provider and financial partner in the waste-to-RNG space in Canada.”
Shaath says Xebec’s track record of successful execution continues with this announcement.
“With today’s announcement, XBC ticked one of the major boxes that management has been promising since first mentioning the discussions of the project’s MoU in Q4/FY19. We also note that the conversion of its Maas LOI into purchase orders tracked ahead of management’s guidance of 12-14 weeks (<10 weeks to be precise). Additionally, XBC has been successful in ramping up revenue, which has been in the range 130%-200% y/y on quarterly basis in YTD/FY19. Xebec continues to build its track record of solid execution, which is key on its path of second year of triple-digit (profitable) revenue growth." In a research update to clients today, Shaath maintained his "Buy" rating but doubled his price target on Xebec from $3.50 to $7.00, a figure that implied a return of 69 per cent at the time of publication. The analyst thinks XBC will post EBITDA of $5.9-million on revenue of $48.5-million in fiscal 2019. He expects those numbers to improve to EBITDA of $11.7-million on a topline of $96.3-million the following year. The analyst said even with the doubling of his target, Xebec's valuation is still reasonable.
"XBC has successfully established its RNG Infrastructure business and continues to deliver impressive growth in its CleanTech backlog," the analyst concluded. "The company is building a solid track record of execution and delivering on its promises, which is a rarity in Canadian small-cap universe. The company continues to build its reputation as market leader in the fast-growing RNG market in North America and has a bullet-proof balance sheet to help establish its Service Segment though M&A and grow its RNG Infrastructure business further. This has resulted in realizing an exceptional multiple expansion, where XBC currently trades at 3.9x EV/Sales (FY20E). Despite XBC’s superior topline growth and margin profiles, its valuation remains below its CleanTech peers trading at an average of 7.2x EV/Sales (FY20E). Consequently, we are raising our target price to $7.00 (from $3.50), applying an EV/Sales multiple of 7.0x FY20E Sales (vs. 4.0x FY20E Sales and 15x FY20E EBITDA previously). BUY!"
Xebec Announces Its First Canadian Renewable Natural Gas Infrastructure Project
02/18/2020 8:00:00 AM
MONTREAL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that Xebec and Bähler Biogas Inc. (“Bähler”) have signed an agreement to develop an integrated facility to process various organic wastes for the production of renewable natural gas (RNG) and biofertilizer.
Located in Québec, Canada, this facility will process over 45,000 metric tons of organic waste per year through an anaerobic digestion process. This process will produce biogas that is upgraded into renewable natural gas (RNG) by a turnkey biogas upgrading equipment package supplied by Xebec. The facility will contribute to the circular economy in Québec, producing over 150,000 GJ of RNG and 7,500 metric tons of biofertilizer annually. The plant is expected to be commissioned in early 2021.
The project will sell its RNG under a 20-year off-take agreement at a fixed rate per gigajoule (GJ), and the biofertilizer produced will be sold and distributed to farmers through a major bio-solid management partner.
The project’s capital expenditures of approximately $28.0 million will be financed through a combination of equity from its development partners, non-recourse debt and a potential grant from Québec’s PTMOBC program (Programme de Traitement des Matières Organiques par Biométhanisation et Compostage), for which an application has been filed with the Québec Government.
Quotes:
“We are proud to team up with a strategic partner like Xebec to build this state-of-the-art industrial facility and lead the market for a true total life cycle solution for waste valorization.”
–
Claude-Bernard Levesque, CEO, Bähler Biogaz Inc.
“It is great to finally see our first BOO project move forward. It showcases how local partners can come together to create a community-based sustainable waste solution for a true circular economy. Renewable natural gas presents a unique opportunity to both divert organic waste from landfills and produce a valuable source of clean energy to displace fossil natural gas and create a biofertilizer for farmers. Xebec plans to be a valuable technology provider and financial partner in the waste-to-RNG space in Canada.”
– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Bähler Biogas Inc.
Bähler Biogas Inc. is a privately-owned Québec-based company which has relevant experience in turnkey project development, including expertise in specialized organic waste processes and building required infrastructure for digesters. Bähler has constructed over 20 cold-weather anaerobic digesters in Canada. For more information on the company, visit Bähler Biogas at biogas.bahler.ca.
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
First infrastructure project announced.
Huge milestone.
GLTA & JMO
Looking forward to it myself!
Looks like a big week ahead.
Looking forward to breaching the $5 mark.
GLTA & JMO
A nice week. The pattern continues.
Looking for a new leg up next week. And any news which we have been patiently waiting for.
Have a great long weekend!
GLTA & JMO
SPOT ON.
And not sure how anyone would categorize a correction happening within a green day.
The chart, MAs and volume are all trending higher.
A rolling correction is part of normal market dynamics. A technical correction is a drop of 10-20%
Guess which is more likely happening here.
GLTA & JMO
I am not promoting but if you like Xebec
Take a look at Greenlane Renewables GRN---canadiian
and also look at Thermal Energy TMG----canadiian
is going from$4.21 to $4.04 a correction---MAYBE
and thats my point, you aren't always aware of it
If you are waiting for it to go from $4.21 to $3.17,,,,,,,,,you might just continue to wait
sometimes great growth companies have very minimal corrections and an investor sometimes doesn't even notice it
I'll take that bet. :)
Still waiting for Amazon to reset.
GLTA & JMO
every stock needs a correction....this needs to re-set...down from here!!
Tell that to Ballard Power and all those ESG funds that are rotating in.
;)
GLTA & JMO
Xebec Receives $27 Million in Orders for U.S Dairy Projects
02/12/2020 8:00:00 AM
MONTREAL, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that $27.0 million in orders were received from U.S dairy farmers for a total of six turnkey biogas upgrading plants and small-scale containerized Biostream™ systems to produce Renewable Natural Gas (RNG).
Five of these contracts are from the conversion of a previously announced letter of intent signed on December 5th, 2019 that have turned into firm purchase orders and an additional project using our large-scale BGX Solutions.
These orders confirm Xebec’s strengthening position in the U.S dairy market as farmers look towards solutions that are reliable and have the lowest lifecycle costs. Xebec’s visibility and credibility in the marketplace are rapidly increasing due to its ability to provide local service and support through its “Xebec Service Centers”, while also providing systems that consume significantly less energy in converting biogas to RNG allowing for better project profitability.
Xebec expects to deliver the projects throughout 2020 and early 2021 with gross margin in line with our historic levels.
Quotes:
“We’re excited to see our strengthening position in the U.S dairy market. Our proven expertise in deploying our PSA technology in the European dairy market is being brought to the U.S. Xebec’s RNG systems are ideal for owners and operators of RNG projects who are looking to maximize uptime and reliability while minimizing electricity costs in operating their projects. We’re happy to partner with dairy farmers across the U.S as they join the movement of harnessing their manure waste to produce renewable energy for a more sustainable future.”
– Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
https://investors.xebecinc.com/press/2019-12-05-xebec-enters-california-dairy-rng-market-with-maas-energy-works/
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
Antonio Saavedra, Director, Sales and Business Development
asaavedra@xebecinc.com
+1 604.362.7297
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
XBC the great Canadian monster. Stock is extremely high going into earnings so we will see a pullback at these levels
What a day! Ending on a 52 week high.
GLTA & JMO
Great day to start the week. New high and the VWAP is up!
She's going to run like this for a while with all the new attention coming in from ETFs focused on environment, social and governance stocks.
And the whole hydrogen play is picking up.. HUGE.
GLTA & JMO
Think you may be a bit conservative. This week for sure.
GLTA & JMO
The best close we ever had. Not the best pps but the best pps at a close.
And the best is yet to come.
Exciting.
GLTA & JMO
And another high.. shes got legs.
And she knows how to use them.
Rolling corrections and a healthy chart pattern. Volume is remarkable as XBC continues the journey towards $1B company.
GLTA & JMO
Another new 52 week high.
She keeps on climbing!
GLTA & JMO
Beauty day.. and shaping up to be an epic story as we gain much traction here.
20 year giant in the RNG, H2 space is emerging.
Choo-Choo...!
GLTA & JMO
Xebec Welcomes Mr. Brian Levitt as Advisor to its Board of Directors
MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that Mr. Brian Levitt will be providing strategic, commercial and corporate finance advice to its board of directors and management.
Mr. Levitt is the current Chairman of The Toronto-Dominion Bank (TD) and has been an independent director on TD's Board since December 2008. In addition to being Chairman of TD, he also serves as director of Domtar Corporation and TD Ameritrade Holding Corporation.
He is the former President and Chief Executive Officer of Imasco Limited, during the time one of Canada’s largest consumer goods and services companies.
Furthermore, Mr. Levitt served as Chairman of the Board of Domtar Inc. (predecessor of Domtar Corporation) from 2004 to 2007.
Mr. Levitt is Chair Emeritus of the Montreal Museum of Fine Arts and is Vice-Chair of the Board of the C.D. Howe Institute as well as Chancellor of Bishop’s University. In 2015, Mr. Levitt was appointed an Officer of the Order of Canada.
Lastly, Mr. Levitt holds a law degree from the University of Toronto, where he also completed his Bachelor of Applied Science degree in Civil Engineering.
Quotes:
“I am very excited to be joining the Xebec team and to have the opportunity to help Xebec scale up through its next stages of development. Xebec’s know-how and proprietary technologies relating to renewable natural gas and hydrogen production have demonstrated that they can make a real difference to the ability of gas utilities and energy providers to contribute to the transition to low carbon energy solutions.”
– Brian Levitt
“It is a great pleasure to welcome Brian Levitt as an advisor to our Board. His addition brings significant legal, commercial and financial know-how and experience to Xebec. As the company continues to grow and expand, the need for more experienced and seasoned senior executives and non-executives increases as well. We’re honoured to have Brian join our organization.”
– Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
Wow. Cascading new Highs.
Lots of momentum and strong buying are taking this to $3
Lots of great news in the pipe. Bring on Brian Levitt was a huge indicator of positive developments.
:)
GLTA & JMO
New HIGH for the 52 weeks.
Up up she goes!
GLTA & JMO
Xebec Welcomes Mr. Brian Levitt as Advisor to its Board of Directors
January 20, 2020 08:00 ET
MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that Mr. Brian Levitt will be providing strategic, commercial and corporate finance advice to its board of directors and management.
Mr. Levitt is the current Chairman of The Toronto-Dominion Bank (TD) and has been an independent director on TD's Board since December 2008. In addition to being Chairman of TD, he also serves as director of Domtar Corporation and TD Ameritrade Holding Corporation.
He is the former President and Chief Executive Officer of Imasco Limited, during the time one of Canada’s largest consumer goods and services companies.
Furthermore, Mr. Levitt served as Chairman of the Board of Domtar Inc. (predecessor of Domtar Corporation) from 2004 to 2007.
Mr. Levitt is Chair Emeritus of the Montreal Museum of Fine Arts and is Vice-Chair of the Board of the C.D. Howe Institute as well as Chancellor of Bishop’s University. In 2015, Mr. Levitt was appointed an Officer of the Order of Canada.
Lastly, Mr. Levitt holds a law degree from the University of Toronto, where he also completed his Bachelor of Applied Science degree in Civil Engineering.
Quotes:
“I am very excited to be joining the Xebec team and to have the opportunity to help Xebec scale up through its next stages of development. Xebec’s know-how and proprietary technologies relating to renewable natural gas and hydrogen production have demonstrated that they can make a real difference to the ability of gas utilities and energy providers to contribute to the transition to low carbon energy solutions.”
– Brian Levitt
“It is a great pleasure to welcome Brian Levitt as an advisor to our Board. His addition brings significant legal, commercial and financial know-how and experience to Xebec. As the company continues to grow and expand, the need for more experienced and seasoned senior executives and non-executives increases as well. We’re honoured to have Brian join our organization.”
– Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
Its been mentioned an uplist would be neceessary for the valuation they pursue and access to other financial institutions.
They are listed on the OTC under XEBEF and in Frankfurt as well.
Currently they dont need the visibility as the price and company growth have been driving much of the appreciation in stock price. Uplisting also carries additional expenses that they would likely re-invest in their growth for the time being.
Having said that, I do envision a NASDAQ listing within 24-36 months.
GLTA & JMO
Does this company plan on uplisting to one of the markets in the US? I would assume that they would want to uplist to the NASDAQ, but it requires a minimum price of $3. Any clarity here would be greatly appreciated.
Looks line a nice retrace happened yesterday and we are back into the upswing.
Looking for $3+ by end of January
GLTA & JMO
Cascading new highs.
This thing is really turning the corner and running full steam into the new decade.
Its fun.
GLTA & JMO
What an end to the week, and start to they year!
And Monday should have some decent volume..
My Number One Stock For 2020: Xebec Adsorption
https://seekingalpha.com/article/4315168-number-one-stock-for-2020-xebec-adsorption
A nice article from Seeking Alpha.
The Biogas Value West conference is approaching and XBC is co-located in a booth with FortisBC.
The perfect storm may be brewing.
Looking forward to next week!
GLTA & JMO
Nice day!
New high tomorrow?
GLTA & JMO
Looks like she wants to run early in 2020.
Taking a quick breather before the next leg.
GLTA & JMO
Definitely revving the engines at the starting blocks. New coverage from RaymondJames just came out with a PT of $3.20
Should be a great new decade for XBC and climate policy.
GLTA & JMO
we are off to the races
I see that too. Tightening.. and RSI is reset.
Deal closed with full over-allotment. Acquisition completed. New tenders won. This is a horse that is antsy to get out of the blocks.
And when she runs she will be glorious.
GLTA & JMO
Getting close. Bands are almost ready$$
The top is going to blow off this chart very soon.
Likely after the deal closes.
GLTA & JMO
I imagine right after the bought deal closes we will be in a new range.
GLTA & JMO
The daily bands need
A little more tightening and we are off