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Mercer International Inc. (MERC) manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. 
The company operates through two segments, Pulp and Wood Products.
It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.
In addition, the company manufactures, distributes, and sells lumber and other wood residuals.
Further, it produces NBSK pulp primarily from wood chips, pulp logs, and sawlogs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.
The company sells its pulp to tissue, specialty paper, and printing and writing paper, and other manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers.
On July 28th MERC reported 2nd Quarter June 2022 earnings of $1.07 per share on revenue of $572.3 million. The consensus earnings estimate was $1.06 per share. Revenue grew 42.4% on a year-over-year basis.
Shares are heading higher in an upward trading channel. Shares are presetly at the bottom of the said channel.
Entry Point: $15.75
Stop Loss: $14.75
Trading Range: $9.51 - $17.50
Target Price: $17.35
