24/7 Market News Snapshot 03 October, 2024 – Aemetis, Inc. (DE) Common Stock (NASDAQ:AMTX)

October 3, 2024

DENVER, Colo., 03 October, 2024 (247marketnews.com) – (NASDAQ:AMTX) are discussed in this article.
Aemetis, Inc. has showcased an impressive upward movement in its stock performance today, opening at $2.48 and rising to $2.785, representing a notable gain of approximately 12.75%. This surge follows a previous session closing at $2.47 and is accompanied by a robust trading volume of 1.16 million shares, indicating a strong market interest and bullish sentiment among investors. Analysts are encouraging traders to monitor pivotal resistance levels as the stock approaches recent highs, while a potential pullback could see support testing around the $2.50 mark.

In addition to its stock performance, Aemetis is making significant strides in its commitment to sustainable energy solutions with the completion of initial construction on a groundbreaking multi-dairy anaerobic digester. This innovative facility is designed to process waste from about 14,000 dairy cows and is expected to begin operations by the end of 2024. Anticipated to produce over 200,000 MMBtu of renewable natural gas (RNG) annually, the digester will be efficiently integrated into Aemetis’ existing 36-mile biogas pipeline network, enhancing the company’s capacity to deliver low-carbon energy alternatives.

Eric McAfee, Chairman and CEO, expressed enthusiasm for the project, emphasizing its potential to significantly bolster revenue streams with production expected to ramp up this quarter. The initiative aligns with Aemetis’ strategy to generate valuable credits under the Low Carbon Fuel Standard and Production Tax Credits beginning January 2025. Currently producing approximately 300,000 MMBtu of RNG from ten anaerobic digesters, the combined output from the new multi-dairy digester and two additional facilities is anticipated to elevate annual production to around 550,000 MMBtu. Aemetis Biogas aims to enhance its operations further by partnering with 48 dairies and plans to scale up to an impressive 1.6 million MMBtu of RNG annually, projecting revenues of $250 million. Aemetis remains focused on pioneering technologies that mitigate greenhouse gas emissions while replacing fossil fuel-based products, solidifying its leadership position in the renewable energy sector.

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