24/7 Market News Snapshot 12 November, 2024 – Aemetis, Inc. (DE) Common Stock (NASDAQ:AMTX)

November 12, 2024

DENVER, Colo., 12 November, 2024 (247marketnews.com) – (NASDAQ:AMTX) are discussed in this article.
Aemetis, Inc. (NASDAQ:AMTX) is experiencing a significant upward trend in its stock, with an opening price of $3.73 and a current trading value of $4.327, marking a remarkable increase of 20.53% from the previous session’s close at $3.590. The robust trading volume of 1.04 million shares indicates strong investor interest in the company, suggesting a potentially transformative moment for Aemetis and its shareholders.

In addition to its stock performance, Aemetis has reported substantial revenue growth for the third quarter of 2024, achieving a 19% increase compared to the same period last year. The company generated revenues of $81.4 million, driven by solid contributions from its various operational sectors. The California Ethanol segment led the revenue generation with $45.0 million, while the India Biodiesel segment contributed $32.2 million. The Dairy Renewable Natural Gas (RNG) division also added $4.2 million, underscoring Aemetis’s diverse revenue streams.

Chief Financial Officer Todd Waltz noted that each operating segment exhibited growth during Q3 2024, reflecting the company’s solid execution of its growth strategy. The future outlook appears promising, with expectations for further revenue increases stemming from new approvals for Low Carbon Fuel Standard pathways and federal production tax credits.

Chairman and CEO Eric McAfee highlighted that the approval of a 20-year Low Carbon Fuel Standard mandate is a crucial milestone for the renewable fuels sector, expected to significantly enhance revenue across Aemetis’s operations in the U.S. Despite reporting a net loss of $17.9 million for the quarter, an improvement from the previous year’s loss, Aemetis remains committed to investing in innovative projects aimed at reducing carbon intensity. This approach positions the company as a notable player in the renewable energy landscape, poised for continued growth and leadership in sustainable solutions.

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