Abundia Global Impact (AGIG)
Market Price (2/24/2026): $3.49 | Market Cap: $128.8 MilSector: Utilities | Industry: Renewable Electricity
Abundia Global Impact (AGIG)
Market Price (2/24/2026): $3.49Market Cap: $128.8 MilSector: UtilitiesIndustry: Renewable Electricity
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Sustainable Finance, Renewable Energy Transition, and Circular Economy & Recycling. Themes include Impact Investing Platforms, Show more. | Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -156% | High stock price volatilityVol 12M is 205% |
| Key risksAGIG key risks include [1] severe profitability issues and questionable valuation metrics, Show more. |
| Megatrend and thematic driversMegatrends include Sustainable Finance, Renewable Energy Transition, and Circular Economy & Recycling. Themes include Impact Investing Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -156% |
| High stock price volatilityVol 12M is 205% |
| Key risksAGIG key risks include [1] severe profitability issues and questionable valuation metrics, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Abundia Global Impact (AGIG) stock has lost about 40% since 10/31/2025 because of the following key factors:
1. Dilutive Stock Offering Impacted Share Value.
On February 20, 2026, Abundia Global Impact Group announced a registered direct offering to raise approximately $20 million by selling 5,934,718 shares of common stock or pre-funded warrants. This offering, expected to close around February 23, 2026, explicitly noted dilution of existing shareholders as a negative factor, leading to a 14.6% decline in shares on February 21, 2026.
2. Prolonged Timeline for Commercial Revenue.
The company, which transitioned to a low-carbon energy solutions focus, has outlined a strategy with a long lead time for significant revenue generation. Its shareholder letter in January 2026 and subsequent announcements indicated that commercial revenue from the waste-plastic to fuels facility (Phase 2 of its Cedar Port Innovation Center) is not anticipated until 2029. This extended period before expected profitability likely weighs on investor sentiment.
Show more
1. Dilutive Stock Offering Impacted Share Value.
On February 20, 2026, Abundia Global Impact Group announced a registered direct offering to raise approximately $20 million by selling 5,934,718 shares of common stock or pre-funded warrants. This offering, expected to close around February 23, 2026, explicitly noted dilution of existing shareholders as a negative factor, leading to a 14.6% decline in shares on February 21, 2026.
2. Prolonged Timeline for Commercial Revenue.
The company, which transitioned to a low-carbon energy solutions focus, has outlined a strategy with a long lead time for significant revenue generation. Its shareholder letter in January 2026 and subsequent announcements indicated that commercial revenue from the waste-plastic to fuels facility (Phase 2 of its Cedar Port Innovation Center) is not anticipated until 2029. This extended period before expected profitability likely weighs on investor sentiment.
Show more
Stock Movement Drivers
Fundamental Drivers
The -40.2% change in AGIG stock from 10/31/2025 to 2/23/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.79 | 3.46 | -40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 37 | 37 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| AGIG | -40.2% | |
| Market (SPY) | 0.0% | 7.2% |
| Sector (XLU) | 4.8% | -6.1% |
Fundamental Drivers
The -63.6% change in AGIG stock from 7/31/2025 to 2/23/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.51 | 3.46 | -63.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 37 | 37 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| AGIG | -63.6% | |
| Market (SPY) | 8.3% | 7.5% |
| Sector (XLU) | 9.7% | -3.2% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| AGIG | -76.8% | |
| Market (SPY) | 14.4% | 3.4% |
| Sector (XLU) | 22.4% | -0.5% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2023 to 2/23/2026| Return | Correlation | |
|---|---|---|
| AGIG | -90.4% | |
| Market (SPY) | 74.1% | 0.7% |
| Sector (XLU) | 47.1% | 1.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AGIG Return | -18% | 141% | -48% | -28% | -85% | 68% | -81% |
| Peers Return | -5% | 22% | -31% | -25% | 17% | 16% | -18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| AGIG Win Rate | 42% | 42% | 33% | 42% | 17% | 100% | |
| Peers Win Rate | 44% | 48% | 40% | 38% | 55% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AGIG Max Drawdown | -20% | -22% | -52% | -45% | -89% | 0% | |
| Peers Max Drawdown | -22% | -31% | -49% | -36% | -42% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ORA, STEM, AGIG, BEPC, CWEN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/23/2026 (YTD)
How Low Can It Go
| Event | AGIG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -85.3% | -25.4% |
| % Gain to Breakeven | 580.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -67.5% | -33.9% |
| % Gain to Breakeven | 207.2% | 51.3% |
| Time to Breakeven | 18 days | 148 days |
| 2018 Correction | ||
| % Loss | -83.4% | -19.8% |
| % Gain to Breakeven | 502.7% | 24.7% |
| Time to Breakeven | 812 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -85.4% | -56.8% |
| % Gain to Breakeven | 584.8% | 131.3% |
| Time to Breakeven | 317 days | 1,480 days |
Compare to ORA, STEM, AGIG, BEPC, CWEN
In The Past
Abundia Global Impact's stock fell -85.3% during the 2022 Inflation Shock from a high on 3/7/2022. A -85.3% loss requires a 580.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Abundia Global Impact (AGIG)
Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2021, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.
AI Analysis | Feedback
- A Berkshire Hathaway for businesses focused on positive social and environmental impact.
AI Analysis | Feedback
Abundia Global Impact (AGIG) is a Special Purpose Acquisition Company (SPAC) and therefore does not offer traditional products or services; its primary function is to facilitate a business combination.
- Investment Vehicle: It serves as a publicly traded shell company through which investors can participate in the acquisition of a private operating company.
- Business Combination Facilitation: It provides a pathway for a private company to become publicly traded by merging with or acquiring it.
AI Analysis | Feedback
I am unable to identify the major customers for Abundia Global Impact (symbol: AGIG) because I cannot find a public company by this exact name and symbol in reputable financial databases or market listings. It is possible that the company name or symbol provided is incorrect, or that it is not a publicly traded entity.
AI Analysis | Feedback
nullAI Analysis | Feedback
```htmlEd Gillespie, Chief Executive Officer
Ed Gillespie is the Chief Executive Officer of Abundia Global Impact (AGIG) and also serves on its board of directors. He was the founder of Abundia Global Impact Group LLC, which was acquired by Houston American Energy Corp. in an acquisition completed on July 1, 2025. This strategic acquisition allowed Abundia's technologies and projects to leverage Houston American Energy's public-market platform for accelerated growth and scaling.
Lucie Harwood, Chief Financial Officer
Lucie Harwood was appointed Chief Financial Officer of Abundia Global Impact Group, effective January 10, 2022. Prior to joining Abundia, Ms. Harwood was the Interim CFO at Aer Lingus, where she guided the company through the challenges of the global pandemic. During her four years at Aer Lingus, she also held the position of Director of Insurance, Tax and Treasury. Earlier in her career, Ms. Harwood served as Head of Treasury and Investor Relations at Laird PLC, which was then a publicly listed electronics and technology company on the London Stock Exchange.
Peter Longo, Chairman of the Board
Peter Longo is the Chairman of the Board of the combined Abundia Global Impact Group. He commented on the acquisition of Abundia Global Impact Group LLC by Houston American Energy Corp., highlighting it as a pivotal transformation.
Joseph Gasik, Chief Operating Officer
Joseph Gasik serves as the Chief Operating Officer of Abundia Global Impact Group.
Dr. Martin Atkins, Chief Scientific Officer
Dr. Martin Atkins is the Chief Scientific Officer of Abundia Global Impact Group. He is also a co-founder and CEO of Green Lizard Technologies, a company whose synergistic technologies were brought into Abundia Global Impact Group to combat global pollution. Dr. Atkins is recognized for his contributions to circularity within the industry.
```AI Analysis | Feedback
Abundia Global Impact (AGIG) faces several key risks, primarily centered around its financial stability and operational execution.- Financial Health and Sustainability: Abundia Global Impact exhibits significant financial uncertainties, including no reported revenue growth and zero profitability metrics such as earnings per share (EPS), operating margin, and net margin. The company's valuation metrics, including an astronomical P/E ratio of 9999 and a negative enterprise value to EBITDA of -21.48, suggest potential overvaluation or severe profitability issues. Additionally, there is a lack of readily available data on crucial balance sheet strengths like current ratio, quick ratio, and debt-to-equity ratios, which makes assessing liquidity and leverage challenging. The absence of an Altman Z-Score further complicates the evaluation of its bankruptcy risk.
- Operational Execution and Early-Stage Business Model: The company is described as being in the "development phase of its business model" with "early-stage nature of AGIG's operations," indicating that its strategic initiatives are still nascent. There is a considerable risk associated with the successful operational execution of its plans, particularly regarding the expansion of recycling facilities and the effective conversion of waste plastics into renewable fuels and chemicals. Investors are advised to closely monitor the company's operational execution and financial performance to determine the long-term viability of its business model.
- Lack of Market Interest and Liquidity: Abundia Global Impact's risk profile includes a beta of zero, which suggests limited volatility but could also indicate a lack of trading activity or market interest. This absence of volatility data further complicates a comprehensive risk assessment, potentially signaling challenges in attracting investors and maintaining sufficient liquidity for its publicly traded stock.
AI Analysis | Feedback
null
AI Analysis | Feedback
nullAI Analysis | Feedback
Abundia Global Impact (AGIG), which recently rebranded from Houston American Energy Corp. on December 8, 2025, is currently in the early stages of its new business model and reports zero revenue growth. The company's future revenue growth over the next 2-3 years is expected to be driven by its strategic shift towards technology solutions in the recycling, renewable energy, and environmental change sectors.
The key drivers of future revenue growth for Abundia Global Impact (AGIG) are:
- Commercialization of Plastics-to-Fuel Technology: Abundia Global Impact is focused on developing a technology and commercialization platform to convert discarded plastic into renewable fuels and chemical products. Future revenue will be generated from the sale of these renewable fuels and low-carbon chemical feedstocks as the company scales its operations.
- Development and Expansion of Recycling Facilities: A significant driver of revenue will be the successful development and operation of commercial-scale facilities. The company has already acquired the Baytown Site in Texas, which will serve as its Cedar Port Innovation Center, a flagship project aimed at transforming waste plastics and biomass into valuable products. The progression and successful launch of these facilities are critical for generating sales.
- Strategic Licensing Agreements and Partnerships: AGIG has a licensing agreement with Alterra Energy to commence the technology design process for its plastics recycling facility. Future revenue could be driven by leveraging such strategic partnerships for technology, market access, or further commercialization efforts in the renewable energy and chemical sectors.
- Increasing Demand for Sustainable Energy and Chemical Solutions: As a company focused on decarbonizing the energy, fuels, and chemicals sectors by providing renewable or recycled alternatives, AGIG's revenue growth will inherently benefit from the broader market trend of increasing demand for sustainable and low-carbon solutions.
AI Analysis | Feedback
Share Issuance
- Abundia unitholders received approximately 94% of Houston American Energy Corporation's common stock following the acquisition of Abundia Global Impact Group, LLC.
- A 1-for-10 reverse stock split was executed on May 28, 2025, to meet NYSE American listing requirements.
- Houston American Energy Corp. completed an $8 million registered direct offering to institutional investors on November 24, 2025.
Inbound Investments
- Abundia Global Impact Group is supported by a $100 million equity line.
- The company also has over $20 million of pre-public investment deployed to de-risk technology and advance FID readiness.
- A majority of a senior secured convertible note, which financed the purchase of the Cedar Port property, was acquired by Bower Family Holdings, LLC, a major stockholder, on November 12, 2025.
Outbound Investments
- Houston American Energy Corp. completed the acquisition of Abundia Global Impact Group, LLC on July 1, 2025, leading to a strategic shift towards low-carbon energy solutions.
Capital Expenditures
- Abundia Global Impact Group delivered site notification to Alterra Energy on December 9, 2025, to begin technology design for its plastics recycling facility at the newly acquired Baytown Site in Texas, known as the Cedar Port Renewable Energy Complex.
- The primary focus of capital expenditures is on developing commercial-scale facilities to transform waste plastics and biomass into drop-in fuels and low-carbon chemical feedstocks.
- The company is developing a technology and commercialization platform with Alterra Energy to convert discarded plastic into renewable fuels and chemical products.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 39.94 |
| Mkt Cap | 4.7 |
| Rev LTM | 1,160 |
| Op Inc LTM | 176 |
| FCF LTM | -119 |
| FCF 3Y Avg | -39 |
| CFO LTM | 370 |
| CFO 3Y Avg | 531 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -4.9% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 3.7% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 15.8% |
| Op Mgn 3Y Avg | 19.1% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 25.2% |
| CFO/Rev 3Y Avg | 32.2% |
| FCF/Rev LTM | -17.3% |
| FCF/Rev 3Y Avg | -13.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.7 |
| P/S | 2.7 |
| P/EBIT | 14.1 |
| P/E | 9.0 |
| P/CFO | 12.4 |
| Total Yield | 7.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -4.8% |
| D/E | 2.0 |
| Net D/E | 1.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.4% |
| 3M Rtn | 6.8% |
| 6M Rtn | 24.5% |
| 12M Rtn | 54.2% |
| 3Y Rtn | 40.5% |
| 1M Excs Rtn | 6.9% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | 17.2% |
| 12M Excs Rtn | 41.9% |
| 3Y Excs Rtn | -38.6% |
Price Behavior
Price Behavior
| Market Price | $3.46 | |
| First Trading Date | 01/22/2002 | |
| Distance from 52W High | -82.7% | |
| 50 Days | 200 Days | |
| DMA Price | $2.64 | $6.26 |
| DMA Trend | down | down |
| Distance from DMA | 31.1% | -44.7% |
| 3M | 1YR | |
| Volatility | 184.6% | 205.6% |
| Downside Capture | -117.27 | 11.54 |
| Upside Capture | 16.17 | -124.49 |
| Correlation (SPY) | -0.5% | 3.4% |
AGIG Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.29 | 0.89 | 1.20 | 1.07 | 0.34 | 0.05 |
| Up Beta | -9.74 | -1.61 | -3.16 | -0.86 | 0.64 | 0.54 |
| Down Beta | 9.80 | -0.26 | 3.98 | 3.33 | 1.27 | 0.37 |
| Up Capture | 435% | 463% | -68% | -71% | -41% | -6% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 21 | 29 | 57 | 113 | 322 |
| Down Capture | -827% | 39% | 259% | 212% | 56% | 34% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 20 | 32 | 68 | 137 | 398 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AGIG | |
|---|---|---|---|---|
| AGIG | -74.9% | 204.9% | 0.13 | - |
| Sector ETF (XLU) | 18.9% | 15.9% | 0.90 | -0.8% |
| Equity (SPY) | 12.8% | 19.4% | 0.50 | 3.3% |
| Gold (GLD) | 79.1% | 25.7% | 2.25 | 14.4% |
| Commodities (DBC) | 7.7% | 16.9% | 0.27 | 40.0% |
| Real Estate (VNQ) | 6.6% | 16.7% | 0.21 | 1.9% |
| Bitcoin (BTCUSD) | -30.9% | 44.9% | -0.69 | 10.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AGIG | |
|---|---|---|---|---|
| AGIG | -36.1% | 255.7% | 0.34 | - |
| Sector ETF (XLU) | 11.8% | 17.2% | 0.53 | 4.6% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | -3.1% |
| Gold (GLD) | 23.6% | 17.1% | 1.12 | 10.6% |
| Commodities (DBC) | 10.7% | 19.0% | 0.45 | 21.9% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | -1.6% |
| Bitcoin (BTCUSD) | 6.7% | 57.1% | 0.34 | -0.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AGIG | |
|---|---|---|---|---|
| AGIG | -17.1% | 201.0% | 0.38 | - |
| Sector ETF (XLU) | 10.8% | 19.2% | 0.49 | 4.6% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 1.6% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | 8.0% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 18.6% |
| Real Estate (VNQ) | 6.9% | 20.7% | 0.30 | 1.2% |
| Bitcoin (BTCUSD) | 67.8% | 66.8% | 1.07 | 1.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/10/2025 | 6.8% | 7.2% | -66.8% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 0 |
| # Negative | 0 | 0 | 1 |
| Median Positive | 6.8% | 7.2% | |
| Median Negative | -66.8% | ||
| Max Positive | 6.8% | 7.2% | |
| Max Negative | -66.8% | ||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gillespie, Edward Oliver | Chief Executive Officer | Direct | Buy | 12292025 | 1.92 | 12,500 | 23,938 | 97,590 | Form |
| 2 | Henninger, Matthew T | Direct | Buy | 12232025 | 1.74 | 9,500 | 16,530 | 16,530 | Form | |
| 3 | Gillespie, Edward Oliver | Chief Executive Officer | Direct | Buy | 12232025 | 1.65 | 8,461 | 13,961 | 13,961 | Form |
| 4 | Gillespie, Edward Oliver | Chief Executive Officer | Direct | Buy | 12232025 | 1.91 | 30,000 | 57,300 | 73,461 | Form |
| 5 | Bower, Family Holdings, Llc | Direct | Buy | 7032025 | 0.00 | 3,066,580 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.