Canaccord Genuity Acquires CRC-IB, Facilitating $91 Billion in Transactions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Acquisition Announcement: Canaccord Genuity has acquired Carbon Reduction Capital, LLC (CRC-IB) through its U.S. capital markets business, a leading provider of M&A, project finance, and capital raising services in renewable energy, having executed approximately 415 transactions valued at around $91 billion, thereby enhancing Canaccord's advisory capabilities in high-growth sectors.
- Sustainability Strategy: This acquisition not only reinforces Canaccord's core strengths but also accelerates its sustainability ambitions by leveraging CRC-IB's deep sector expertise, unlocking new opportunities for market share growth in the U.S. and globally, thus driving the company's strategic development.
- Team Integration: CRC-IB partners will serve as Co-Heads of Canaccord Genuity's newly formed Energy Transformation group, delivering M&A, project finance, and strategic advisory services, leveraging Canaccord's globally integrated M&A advisory and capital markets capabilities to enhance service delivery to public and private companies.
- Cultural Alignment: The acquisition marks a significant milestone for CRC-IB, enhancing its ability to serve a growing base of domestic and international clients through a fully independent structure, ensuring international reach and expanding client opportunities, reflecting a strong cultural alignment and complementary vision for long-term growth.
Analyst Views on CF
Wall Street analysts forecast CF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CF is 94.22 USD with a low forecast of 82.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
3 Buy
6 Hold
1 Sell
Hold
Current: 82.870
Low
82.00
Averages
94.22
High
110.00
Current: 82.870
Low
82.00
Averages
94.22
High
110.00
About CF
CF Industries Holdings, Inc. is a global manufacturer of hydrogen and nitrogen products. The Company is focused on decarbonizing its ammonia production network to enable low-carbon hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. The Company's segments include Ammonia, Granular Urea, UAN, AN and Other. Ammonia segment produces anhydrous ammonia (ammonia), which is the base product that it manufactures (containing 82% nitrogen and 18% hydrogen). Granular Urea segment produces granular urea, which contains 46% nitrogen. UAN segment produces urea ammonium nitrate solution (UAN). AN segment produces ammonium nitrate (AN). Other segment primarily includes products, such as diesel exhaust fluid (DEF), urea liquor and nitric acid. Its manufacturing complexes in the United States, Canada, and the United Kingdom, a storage, transportation and distribution network in North America, and logistics capabilities enable a global reach.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
