Catalyst Watch #6
32 Actionable Event-Driven Setups + 3 Quick Pitches
Note: One of the three quick pitches presents a particularly compelling asymmetric profile and is a strong candidate for the upcoming write-up. FWIW, there could be significant upward pressure on its stock price this week.
Scroll down to continue reading this week’s most actionable corporate events, along with quick pitches on previously flagged setups, available in HTML format. For all past setups and pitches, please refer to the PDF file at the end.
This Week’s Most Actionable Corporate Events
Alico, Inc. (ALCO) | Agricultural Products & Services | $28.57 | $218.2mm
Business Update: Abandoned trees on ~90% of its total producing acres after harvesting the current crop for the FY25 harvest season. This move follows its January strategic transformation announcement to wind down citrus operations and shift toward a long-term diversified land usage and real estate development strategy.
Armanino Foods of Distinction, Inc. (AMNF) | Packaged Foods & Meats | $7.60 | $239.4mm
Management Change: Hired Deanna Jurgens as President and CEO. She most recently served as Chief Sales Officer at Bonduelle Americas, where she led the $650mm fresh business, driving its largest share gains in five years. Prior to that, as President of North America and Global Chief Growth Officer at Beyond Meat, she expanded the company’s international business by developing global partnerships with McDonald's, YUM Brands, and PepsiCo, achieving dominant market share in plant-based jerky within just one year.
Aemetis, Inc. (AMTX) | Oil & Gas Refining & Marketing | $1.35 | $72.0mm
New Orders: Received $31mm in biodiesel orders from the three government-owned Oil Marketing Companies (OMCs) and began shipments from inventory, aiming to ramp up deliveries to $10mm per month over the next three months. Additional OMC orders are expected throughout the year to support the Indian government’s goal of increasing the biodiesel blending from 1% to 5%. The company recently expanded the production capacity of its Kakinada biodiesel plant from 50mm to 80mm gallons per year during a plant upgrade and maintenance cycle, with further expansion into additional locations and biogas production planned for 2025.
Anaergia Inc. (ANRG.F) | Waste Management | $0.67 | $133.6mm
Letter of Intent: Entered into a binding letter of intent with Capwatt to design and build nine biomethane production facilities from agro-industry waste across Portugal, Spain, and Italy. The projects are expected to be completed within 30 months and generate over C$60mm in total revenue. This followon agreement builds on past collaborations between the companies at two facilities in Portugal and one in Italy.
AppTech Payments Corp. (APCX) | Trading Companies & Distributors | $0.29 | $9.6mm
Product Launch: Launched its CoreBanking solution, seamlessly integrated with the FINZEO platform, alongside its first banking client, entering the digital banking and retail financial services sector. The company anticipates sustained top-line growth through 2025 and beyond, driven by new sources of revenue. Specifically, the CoreBanking launch is expected to generate $40k in its first week, with monthly revenue projected to exceed $500k by the end of 2025, fueled by a growing pipeline of banks integrating the FINZEO platform and additional partnerships.
Actelis Networks, Inc. (ASNS) | Communications Equipment | $0.73 | $6.2mm
New Order: Secured a new order to help modernize the communications infrastructure for a major city in the Nordic region. This municipality, the second-largest city of a prominent Nordic country, is recognized as a leader in smart city initiatives. The order strengthens its growing momentum in the European market, following recent deployments in Germany, Italy, Hungary, and the United Kingdom.
Coda Octopus Group, Inc. (CODA) | Aerospace & Defense | $6.71 | $75.4mm
New Order: Received a $1.4mm engineering services order from a longstanding UK defense contractor, signaling that contracts related to European defense programs may be fast-tracked and contracting barriers removed to expedite these programs. This follows two orders totaling $1.3mm from the U.S. government last month, as the company aims to restore its Engineering Business to its pre-COVID revenue profile of $10mm.
Culp, Inc. (CULP) | Textiles | $3.84 | $48.2mm
Strategic Transformation: Announced the strategic transformation of its operating model following the completion of its restructuring initiatives, combining its two standalone divisions into a single, integrated business. As a first step, the company plans to close its leased Burlington facility, transitioning production and distribution activities to a shared management model within its company-owned facility in Stokesdale. Annualized cost reductions are estimated at ~$3mm, in addition to the $10mm to $11mm expected from the recently completed cost restructuring plan announced in May 2024.