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Pinnacle Renewable Energy Inc. Q1-2019 Earnings, Price Target Forecast

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Pinnacle Renewable Energy (PL-TSX) is one of the larger global producers and distributors of industrial wood pellets used by large-scale thermal power generators as a greener alternative for reliable baseload renewable power. Pinnacle owns 8 production facilities in western Canada, one in Alabama, and a port terminal in B.C. Combined production capacity is 2.2M tons annually. Pinnacle has entered into long-term take-or-pay contracts with customers in the UK, Europe and Asia that represent 109% of its production capacity through 2021 and nearly 109% of its production capacity through 2026. They currently operate eight wood pellet production facilities throughout western Canada, and one production facility in Alabama. Pinnacle's Canadian production facilities are all located on major rail lines allowing for efficient rail transport to one of two shipping terminals on the B.C. coast. Canadian National Railway has been contracted under a 5 year shipping agreement for operations in Western Canada. Pinnacle's owns the Westview terminal in Prince Rupert, and the Fibreco Terminal at the Port of Vancouver. The Alabama production facility utilizes shipping facilities on the U.S. Gulf Coast.

Their IPO was completed during Feb-2018 The IPO included a treasury offering and a secondary offering by Onex. As of Mar-29-2019, Onex Corp.(ONEX-TSX) owned 31.3% of Pinnacle compared to 42.8% prior to the IPO.

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