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Aemetis, Inc. (DE) - AMTX STOCK NEWS

Welcome to our dedicated page for Aemetis (DE) news (Ticker: AMTX), a resource for investors and traders seeking the latest updates and insights on Aemetis (DE) stock.

Aemetis, Inc. (NASDAQ: AMTX), headquartered in Cupertino, California, is a leading renewable natural gas and renewable fuels company dedicated to the development and commercialization of innovative technologies that aim to replace traditional petroleum-based products. Established in 2006, Aemetis has grown to become a significant player in the renewable energy sector, focusing on the conversion of first-generation ethanol and biodiesel plants into advanced biorefineries.

The company owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto. This plant produces low carbon renewable fuel ethanol, Wet Distillers Grains, Distillers Corn Oil, and Condensed Distillers Solubles, all sold to local dairies and feedlots as animal feed. Additionally, Aemetis operates a 60 million gallon per year production facility on the East Coast of India, producing high-quality distilled biodiesel and refined glycerin for customers in India, the US, and Europe.

Aemetis is also spearheading the development of the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California. These facilities will utilize renewable hydrogen, hydroelectric power, and renewable oils to produce low carbon intensity renewable jet and diesel fuel. The company's biogas operations include a network of dairy biomethane digesters in California’s Central Valley, producing renewable natural gas (RNG) from dairy waste methane.

In recent developments, Aemetis has secured $200 million in EB-5 program investment for its Riverbank sustainable aviation fuel plant, dairy RNG project, carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant. The company has also received Authority to Construct permits for its Riverbank SAF/RD plant, expected to produce up to 78 million gallons per year of SAF. Furthermore, Aemetis has been awarded $10.5 million of Inflation Reduction Act (IRA) tax credits to support energy efficiency projects at the Keyes facility.

Financially, Aemetis continues to show robust growth. In the latest earnings report, the company generated $186.7 million in total revenue for the year 2023, with significant increases from its India Biodiesel segment. Aemetis is on track to achieve its ambitious Five-Year Plan, projecting $1.95 billion in revenues and $645 million of adjusted EBITDA by 2028.

News

Aemetis to Review Fourth Quarter and Year End 2023 Financial Results on March 7, 2024

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Aemetis, Inc. (AMTX) will host a conference call to discuss its Q4 and year-end 2023 earnings report on March 7, 2024, at 11 am PST. Participants can dial in or join the webcast to listen and submit questions. The webcast and voice recording will be available on the company's website.
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Aemetis Announces Updated Five Year Plan Projecting Growth to $1.95 Billion of Revenue and $645 Million of Adjusted EBITDA in 2028

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Aemetis, Inc. announces its updated Five Year Plan projecting $1.95 billion in revenues and $645 million in adjusted EBITDA by 2028. The plan highlights a compound annual growth rate of 38% in revenue and 83% in EBITDA from 2024 to 2028. The company aims to achieve growth through RNG production, SAF/RD plant, CCUS projects, solar energy initiatives, and biodiesel refining. Aemetis anticipates receiving tax credits under the Inflation Reduction Act, with a strong focus on renewable energy projects.
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Aemetis Biogas Completes Construction Funding from $25 million USDA Loan for Aemetis Biogas 1 Dairy Digesters

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Aemetis, Inc. (AMTX) announces the deployment of $25 million of funding under the USDA-guaranteed loan for its Aemetis Biogas 1 LLC project. The company operates digesters supplied by eight dairies and has agreements with 37 dairies, with plans to operate digesters supplied by 18 dairies by the end of 2024. Aemetis Biogas has invested $30 million of project equity and has obtained $23 million of grants. The AB1 loan was guaranteed by the USDA under the REAP loan guarantee program. The company is expected to use the USDA-guaranteed loans to fund the construction of additional dairy digesters and biogas pipelines, with a total of $150 million of 20-year loans either closed or in process. The LCFS program is expected to increase LCFS revenues by more than 80% for future LCFS credit sales. Aemetis Biogas aims to capture methane from the waste produced by more than 150,000 cows at dairy farms in California and produce 1,600,000 MMBtu of renewable natural gas each year, reducing greenhouse gas emissions equivalent to an estimated 6.8 million metric tons of carbon dioxide over ten years.
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Aemetis Receives Environmental Approval for 24-mile Pipeline Extension to Transport Biogas from Dairy Digesters to RNG Production Facility

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Aemetis, Inc. (NASDAQ: AMTX) received approval to extend its dairy biogas pipeline by 24 miles, adding 21 additional dairies to the Aemetis Biogas project in Stanislaus and Merced Counties. The company has already constructed 36 miles of the pipeline and is investing over $300 million in California's Central Valley. Aemetis plans to increase its renewable natural gas production to more than 1.65 million MMBtu per year, reducing greenhouse gas emissions equivalent to 6.8 million metric tons of carbon dioxide over ten years.
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Stonegate Capital Partners Updates Coverage On Aemetis, Inc. (AMTX) Q3 2023

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Aemetis, Inc. (NASDAQ: AMTX): Stonegate Capital Partners updates coverage on Aemetis, Inc. (NASDAQ: AMTX). The press release highlights the completion of a biodiesel plant expansion one year ahead of schedule, the receipt of $53M worth of IRA Investment Tax Credits, and the signing of $150M worth of contracts in India. These developments signify significant growth and financial success for Aemetis, positioning the company for future expansion and profitability.
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Aemetis Reports Third Quarter 2023 Financial Results

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AMTX: Aemetis Reports Net Income of $30.7M and Basic EPS of $0.79 for Q3 2023, Highlighting Growth in India Biodiesel Segment and Restart of Keyes Ethanol Plant
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Aemetis to Review Third Quarter 2023 Financial Results on November 9, 2023

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Aemetis, Inc. (NASDAQ: AMTX) will host a conference call to review its third quarter 2023 earnings report on November 9, 2023, at 11 am PST. Participants can dial in or join via webcast. The webcast, company presentation, and recordings will be available on Aemetis' website. The voice recording will be accessible until November 16, 2023.
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Aemetis Receives $150 Million Biodiesel Supply Allocation From India Oil Marketing Companies

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Aemetis, Inc.'s subsidiary, Universal Biofuels, has been selected by India's three government-controlled oil marketing companies (OMCs) to supply $150 million worth of biodiesel under cost-plus purchase contracts. The contract is for approximately 40 million gallons of biodiesel over a one-year period starting in October 2023. Aemetis plans to expand capacity to meet growing demand and is well positioned to meet the large domestic demand for biodiesel in India.
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Aemetis Biogas Receives $53 Million From Sale of IRA Investment Tax Credits

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Aemetis, Inc. receives $53 million from the sale of tax credits generated by its renewable natural gas investment. Additional $800 million of investment and production tax credits expected in the next four years.
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Aemetis Biogas Closes $53 Million Sale of IRA Tax Credits

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Aemetis, Inc. closes the sale of $53 million of IRA investment tax credits generated by its subsidiary Aemetis Biogas LLC. The company expects $800 million of IRA investment and production tax credits in the next four years to support its renewable fuel projects. Aemetis Biogas is building anaerobic digesters at California dairies to capture biomethane from animal waste. The biogas is upgraded into below zero carbon intensity RNG and injected into PG&E’s natural gas pipeline for delivery to transportation fuel customers in California. Aemetis plans to capture methane from the waste produced by more than 150,000 cows at dairy farms in California, reducing greenhouse gas emissions equivalent to 6.8 million metric tonnes of carbon dioxide over ten years.
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FAQ

What is the current stock price of Aemetis (DE) (AMTX)?

The current stock price of Aemetis (DE) (AMTX) is $2.62 as of December 20, 2024.

What is the market cap of Aemetis (DE) (AMTX)?

The market cap of Aemetis (DE) (AMTX) is approximately 137.8M.

What does Aemetis, Inc. do?

Aemetis, Inc. is a renewable fuels and biochemicals company focused on developing technologies to replace traditional petroleum-based products through the conversion of ethanol and biodiesel plants into advanced biorefineries.

Where is Aemetis headquartered?

Aemetis, Inc. is headquartered in Cupertino, California.

What are the key products of Aemetis?

Key products of Aemetis include renewable natural gas (RNG), ethanol, biodiesel, distilled biodiesel, refined glycerin, and sustainable aviation fuel (SAF).

What recent financial achievements has Aemetis made?

In 2023, Aemetis generated $186.7 million in total revenue, with significant contributions from its India Biodiesel segment.

What is Aemetis' Five-Year Plan?

Aemetis' Five-Year Plan projects $1.95 billion in revenues and $645 million of adjusted EBITDA by 2028, driven by expansions in renewable natural gas, biodiesel, SAF/RD, and carbon capture and sequestration projects.

What recent permits and investments has Aemetis received?

Aemetis received Authority to Construct permits for its Riverbank SAF/RD plant and $200 million in EB-5 program investment for various projects, including energy efficiency upgrades.

What are the main operational facilities of Aemetis?

Aemetis operates a 65 million gallon per year ethanol production facility in California and a 60 million gallon per year biodiesel facility in India.

How does Aemetis contribute to greenhouse gas reduction?

Aemetis' renewable fuels and RNG projects significantly reduce greenhouse gas emissions by replacing fossil fuels and capturing methane emissions from dairy waste.

What partnerships and markets does Aemetis serve?

Aemetis serves markets in the US, India, and Europe and has secured over $3 billion in contracts to supply airlines with sustainable aviation fuel.

What technological advancements is Aemetis involved in?

Aemetis is involved in developing technologies for renewable hydrogen, hydroelectric power, biogas digesters, carbon sequestration, and advanced biorefineries.

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Aemetis, Inc. (DE)

Nasdaq:AMTX

AMTX Rankings

#4170 Ranked by Market Cap
N/A Ranked by Dividends

AMTX Stock Data

137.76M
45.76M
8%
22.82%
11.14%
Oil & Gas Refining & Marketing
Industrial Organic Chemicals
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United States of America
CUPERTINO