Montauk Renewables: Financially Sound, But Beware Of Operational Risks [Seeking Alpha]
Montauk Renewables, Inc. (MNTK)
Company Research
Source: Seeking Alpha
MNTK stock has declined over 75% since its high in September 2022, mainly due to the volatility in the price of RIN(D3). Its business model faces challenges, including dependence on other companies, revenue concentration, and competition in the industry. Montauk Renewables ( NASDAQ: MNTK ) is one of the leading U.S. companies in RNG (renewable natural gas) production and sales, with a share of around 10% of the entire RNG landfills market in the United States. The stock has declined more than 75% from its high in September 2022, mainly due to the volatility in the price of RIN(D3). RIN(D3) is partly caused by an oversupply phase that is likely to have negative effects on 2024 prices as well. In the long run, however, the MNTK's business has a solid foundation for growth, supported by federal and state incentives that aim to increase the share of RNG to 3% of total gas used in the U.S. by 2050, up from 0.5% in 2023, implying at least a 6-fold expansion of the entire in
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MNTK
News
- Montauk Renewables Schedules First Quarter 2024 Conference Call for Thursday, May 9, 2024, at 5:00 p.m. ETGlobeNewswire
- Montauk Renewables (NASDAQ:MNTK) Could Be Struggling To Allocate Capital [Yahoo! Finance]Yahoo! Finance
- Montauk Renewables, Inc. (NASDAQ: MNTK) had its price target lowered by analysts at Scotiabank from $9.00 to $8.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Montauk Renewables, Inc. (NASDAQ:MNTK) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Montauk Renewables Announces Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
MNTK
Earnings
- 11/9/23 - In-Line
MNTK
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- 4/22/24 - Form ARS
- MNTK's page on the SEC website