Maxim Power: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (MXG)
Maxim Power is now ranked among the top 10 undervalued stocks in the Utilities - Independent Power Producers industry on the Toronto Stock Exchange or TSX Venture 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).
Utilities - Independent Power Producers: Companies that own and operate merchant power generation facilities and sell electricity into retail and wholesale markets. Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| NKW-H-X | Oceanic Wind Energy | 0.05 | 0.07 | 0.02 (39.1) | 22,781 | 4.1 | 0 | 0 |
| SXI-T | Synex Renewable Energy | 2 | 2.55 | 0.55 (27.49) | 196 | 8 | 0 | 0 |
| ARR-T | Altius Renewable | 8.28 | 11.95 | 3.67 (44.32) | 7,650 | 225.9 | 0 | 0 |
| MXG-T | Maxim Power | 3.89 | 4.16 | 0.27 (6.82) | 4,987 | 248.4 | 0 | 5.4 |
| SPG-T | Spark Power Group | 0.4 | 0.42 | 0.02 (6.04) | 46,141 | 43.4 | 0 | 0 |
| RE-X | RE Royalties | 0.65 | 0.97 | 0.32 (48.55) | 9,561 | 28 | 6 | 323.5 |
| LCFS-T | Tidewater Renewables | 8.55 | 10.57 | 2.02 (23.61) | 24,818 | 298.3 | 0 | 11.4 |
| GRB-X | Greenbriar Capital | 1.02 | 1.24 | 0.22 (21.84) | 8,716 | 32.9 | 0 | 0 |
| PIF-T | Polaris Renewable Energy | 13.36 | 13.47 | 0.11 (0.8) | 16,726 | 269.3 | 5.9 | 81.2 |
More about Maxim Power
All data provided as-at market close April 30, 2023. The list is sorted by stocks with the greatest percentage difference between valuation and price. Maxim Power Maxim Power Corp an independent power producer, acquires, develops, owns, and operates power and power related projects. It also sells electricity and heat. Maxim Power is listed under MXG on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs. StockCalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. StockCalc's Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including: Discounted Cash Flow (DCF), Price & Other Comparables, Multiples, Adjusted Book Value (ABV) and Analyst Consensus
Artificial intelligence at Report on Business
Artificial Intelligence at Report on Business Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
