Enviva (EVA) Action Cours

Enviva, Inc. engages in the production, process, and distribution of wood biomass to power generators. The company is headquartered in Bethesda, Maryland and currently employs 1,386 full-time employees. The company went IPO on 2015-04-29. The firm aggregates a natural resource, wood fiber, and processes it into dry, densified, uniform pellets that can be stored and transported around the world. The firm primarily sell its wood pellets through long-term, take-or-pay-off-take contracts with creditworthy customers in the United Kingdom, European Union, and Japan, who use its pellets to displace coal and other fossil fuels to generate power and heat. The firm owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year (MTPY) of wood pellets in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. The company exports its wood pellets to global markets through its marine terminal at the Port of Chesapeake, Virginia, terminal assets at the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi.