Altius Renewable: Top 10 Undervalued Utilities Sector Stocks on TSX (ARR)
Altius Renewable is now ranked among the top 10 undervalued stocks in the Utilities sector on the Toronto Stock Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below). The utilities sector contains firms that provide power or water.
All data provided as-at market close July 24, 2023. The list is sorted by stocks with the greatest percentage difference between valuation and price. Altius Renewable Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. Altius Renewable is listed under ARR on the Toronto Stock Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| SXI-T | Synex Renewable Energy | 2.1 | 0 | 0 | 0 | 0 | 0 |
| ARR-T | Altius Renewable | 9.28 | 0 | 0 | 0 | 0 | 0 |
| MXG-T | Maxim Power | 4.7 | 0 | 8.1 | 0 | 0 | 0 |
| SPG-T | Spark Power Group | 0.46 | 0 | 0 | 0 | 0 | 0 |
| CUP-U-T | Caribbean Utilities Co | 11.5 | 0 | 13.4 | 0 | 0 | 0 |
| LCFS-T | Tidewater Renewables | 8.5 | 0 | 0 | 0 | 0 | 0 |
| PIF-T | Polaris Renewable Energy | 14.48 | 0 | 52.1 | 0 | 0 | 0 |
| HEO-T | H2O Innovation | 3.16 | 0 | 90.3 | 0 | 0 | 0 |
More about Altius Renewable
Stocks in this category are held primarily for capital appreciation.
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