Desjardins Reaffirms Their Buy Rating on Automotive Properties (APR.UN)
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
In addition to Desjardins, Automotive Properties also received a Buy from CIBC's Tal Woolley in a report issued today. However, on August 15, RBC Capital maintained a Hold rating on Automotive Properties (TSX: APR.UN).
The company has a one-year high of C$12.78 and a one-year low of C$9.04. Currently, Automotive Properties has an average volume of 14.78K.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Snowflake Stock (SNOW) Melts as Rival Databricks Hits $100B Valuation
Cloud technology firm Snowflake (SNOW) saw its shares melt nearly 1% today as private rival Databricks reached a milestone valuation. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. It was revealed that Databricks is getting close to sealing a new funding round which will value it at $100 billion. That would be over 60% higher than its last round in December. New Funding Databricks did not reveal how much money it is raising, but back in December it hit the $10 billion mark in that funding round. The company was then valued at $62 billion. With the new cash, Databricks is looking to ramp up its AI strategy, expand its suite of AI agents and invest in its new database. It may also look at making more acquisitions in the AI space. 'We're seeing tremendous investor interest because of the momentum behind our AI products, which power the world's largest businesses and AI services,' said Databricks Chief Executive Ali Ghodsi. 'We're thrilled this round is already oversubscribed and to partner with strategic, long-term investors who share our vision for the future of AI.' Databricks recently said it generated $3.7 billion in annualized revenue in July, a growth rate of 50%. The company, which has partnerships with tech giants such as Alphabet (GOOGL) -owned Google and Amazon (AMZN) is expected to IPO at some stage in the future. It could even happen before the end of this year. Databricks had $2.6 billion in revenue in its fiscal year that ended in January, with a net retention rate over 140%. In the first quarter of the new fiscal year, nearly 50 of Databricks' 15,000-plus customers are spending over $10 million annually. Snow Joke Both Databricks and Snowflake sell data analytics and data-management software that runs on cloud-computing platforms. Snowflake has a market cap of $66 billion, so the challenge from a stronger Databricks is obvious. But the opportunity for both firms in an expanding AI field is just as clear. Snowflake's share price has climbed over 28% in the year-to-date and over 50% in the last 12 months – see below. The company also reported a strong start to the year with Q1 product revenue reaching $997 million, a 26% year-over-year increase. Snowflake also added 451 net new customers in Q1, growing 19% year-over-year. What are the Best AI Stocks to Buy Now?
Business Wire
an hour ago
- Business Wire
Anaergia S.r.l. Announces Agreement to Provide Infrastructure and Equipment for New Biomethane Plants in Spain
TREVIGLIO, Italy & BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. ('Anaergia', the 'Company', 'us', or 'our') (TSX:ANRG; OTCQX:ANRGF), through its subsidiary Anaergia S.r.l., has signed a Binding Agreement ('Agreement') with a leading Spanish company specializing in renewable gas infrastructure projects. Under the terms of the Agreement, Anaergia will provide a range of services as well as its cutting-edge technology and equipment for over 15 new biomethane production plants across Spain. Anaergia will be responsible for the supply and construction of concrete tanks with Triton™ digesters, a proprietary technology featuring a patented configuration that significantly enhances process efficiency. In addition, the company will supply advanced mixing systems, also part of its proprietary technology, along with other critical components to facilitate the seamless operations of the plants. Anaergia is to commence activities on the first project this month, with all the projects in the development plan expected to be fully operational and integrated into Spain's gas pipeline network within forty-eight months. Anaergia anticipates total revenue of C$184 million from this Agreement, making it the Company's largest capital sale to date. 'This agreement marks a significant milestone in advancing Spain's renewable energy sector, fostering economic growth and environmental sustainability. The scale of this historic Agreement for Anaergia highlights the advantages of our strategic focus on leveraging proprietary technologies for the benefit of our customers, and underscores our growing presence and activities in Europe,' said Assaf Onn, CEO of Anaergia. 'We are most excited about this opportunity to demonstrate the value of our innovative solutions and to support the global transition to renewable energy.' About Anaergia Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. For further information please see: Forward-Looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia's current expectations regarding future events, including but not limited to, counterparty contractual performance, the capability of the Company's technology and performance with respect to the project objectives. Forward-looking information is based on a number of assumptions, including, but not limited to counterparty contractual performance, the full development, timing and funding of construction of the sixteen facilities, the capability of the Company's technology and performance with respect to the project objectives, the expected revenue from the agreement, and the sufficient sourcing of food waste and power generation. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's annual information form for the fiscal year ended December 31, 2024, and under 'Risks and Uncertainties' in the Company's most recent management's discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia's operations or financial results are included in Anaergia's reports on file with Canadian regulatory authorities.
Business Wire
2 hours ago
- Business Wire
Sun Valley Investments AG Announces Acquisition of Securities of Canagold Resources Inc.
VANCOUVER, British Columbia--(BUSINESS WIRE)--This news release is related to the common shares of Canagold Resources Ltd. (' Canagold ' or the ' Company ') (TSX: CCM). Sun Valley Investments AG, a Private Investment Firm (the ' Acquiror '), and a related party, Goldlogic Corp. (' Goldlogic '), announce the acquisition of 2,325,581 flow-through shares of the Company (each a ' FT Share ') that qualify as flow-through shares for the purposes of the Income Tax Act (Canada) at a price of CAD$0.43 per FT Share, and 2,564,103 regular common shares (each an ' NFT Share ') at a price of CAD$0.39 per NFT Share. A total of 4,889,684 common shares were acquired for a total subscription price of approximately CAD$2,000,000 as part of the private placement. The private placement closed on August 18, 2025. Immediately prior to the Private Placement, the Acquiror owned and/or had control over an aggregate of 88,638,133 Common Shares, representing approximately 48.16% of the issued and outstanding Common Shares of the Company on an undiluted basis. Following completion of the Private Placement, the Acquiror owns and/or has control over an aggregate of 93,527,817 Common Shares, representing approximately 48.25% of the issued and outstanding Common Shares on an undiluted basis. 76,050,880 of the Shares are held directly by the Acquiror, representing 39.23% of the issued and outstanding and 17,476,937 Shares are held indirectly through Goldlogic, representing 9.02% of the issued and outstanding. The Acquiror has acquired the Shares for investment purposes under an exemption provided under National Instrument 45-106 – Prospectus Exemptions. In the future, the Acquiror may, depending on market and other conditions, increase or decrease its ownership of the Company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. Canagold's head office is located at Suite 1250, 625 Howe Street, Vancouver, BC, Canada V6C 2T6. The Acquiror's head office is located in Bahnhofplatz 6300, Zug, Switzerland. About Sun Valley Sun Valley is a private investment firm focused on the metals and mining industry with portfolio companies and branch offices in the Americas, Europe and Asia. Sun Valley's senior leadership team has several decades of experience in mining and investment companies and combines investment skills across diverse asset classes with hands-on experience at both senior and junior companies in the precious metals mining and refining industry. The firm finances the entire precious metals supply chain: mineral exploration, mine construction, production, processing and refining.
