Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

Abundia Global Impact Group / Equity Bottom-Up

<ul><li>Abundia is a waste-to-value company with a unique dual-platform model that converts waste plastics and biomass into SAF, other renewable fuels and chemicals through commercially proven pyrolysis and upgrading technologies. </li><li>The near-term objective is a final investment approval (FIA) on a first plastics-to-fuels facility in Baytown, Texas, targeted for early 2027. </li><li>2Q26 results show execution advancing, with customer-funded engineering revenue from newly acquired RPD Technologies, a completed scale-up facility, and an engineering design basis in hand.</li></ul>

Abundia is a waste-to-value company with a unique dual-platform model that converts waste plastics and biomass into SAF, other renewable fuels and chemicals through commercially proven pyrolysis and upgrading technologies. The near-term objective is a final investment approval (FIA) on a first plastics-to-fuels facility in Baytown, Texas, targeted for early 2027. 2Q26 results show execution advancing, with customer-funded engineering revenue from newly acquired RPD Technologies, a completed scale-up facility, and an engineering design basis in hand.

AGIG: RPD Delivers Revenue in 2Q26; $10-Million Facility Removes Dilution; FIA Early 2027