Montauk Renewables

General Information
Business:

 

We are a renewable energy company specializing in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. We develop, own, and operate RNG projects, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Having participated in the industry for over 30 years, we are one of the largest U.S. producers of RNG. We established our operating portfolio of 12 RNG and three Renewable Electricity projects through self-development, partnerships, and acquisitions that span six states and have grown our revenues from $34.0 million in 2014 to $107.4 million in 2019.

(Note: Montauk Renewables priced fewer shares – 3,047,015 shares – down from 3.9 million shares in the prospectus – at $8.50, above the $7-to-$8 range, to raise $25.9 million.) 

Industry: GAS & OTHER SERVICES COMBINED
Employees: 118
Founded: 2020
Contact Information
Address 680 Andersen Drive, 5th Floor, Pittsburgh, PA 15220, US
Phone Number (412) 747-8700
Web Address http://www.montaukenergy.com
View Prospectus: Montauk Renewables
Financial Information
Market Cap $1054.95mil
Revenues $99.2 mil (last 12 months)
Net Income $2.5 mil (last 12 months)
IPO Profile
Symbol MNTK
Exchange NASDAQ
Shares (millions): 3.0
Price range $8.50 - $8.50
Est. $ Volume $25.9 mil
Manager / Joint Managers Roth Capital Partners
CO-Managers -
Expected To Trade: 1/22/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change