The Aemetis, Inc. (NASDAQ: AMTX) shares traded up 60% to $7.05. The stock had last traded at 9.18% above the previous day’s closing price and went as high as $4.61 on January 22nd. A price range of between $4.06 and $4.61 was observed at the last trading session. A -62.05% discount is being applied to the company’s share price compared to its target price of $7.13. Presently, the market capitalization of this company is 87.91 million dollars.
The Aemetis, Inc. (NASDAQ: AMTX) recently announced that the production process for its zero-carbon biofuel fuel had been given a total of $16.8 million of solar energy and energy-efficient grants to support upgrades to the Keyes, California plant.
These projects have begun to move forward in the design, permitting, construction, and commissioning processes. An increased margin of approximately $18 million per year will be achieved through grants, equal to about $0.75 in net income per share every year.
Aemetis Carbon Zero production plants market patented technology for use with forest waste wood and agricultural waste wood feedstock that is exclusive to Aemetis.
Carbon Zero plants combine renewable energy and below net-zero carbon intensity waste feedstocks to produce energy-dense renewable fuels in existing Aemetis facilities.
Carbon Zero production plants are designed to convert renewable resources and renewable energy into liquid renewable fuels that are energy-dense and reduce greenhouse gas emissions. According to the Argonne National Lab’s GREET model, a leading science-based lifecycle analysis measurement tool, renewable fuels, when used in hybrid electric cars or other vehicles, will have a greenhouse gas footprint below zero over their entire lifetimes.
In addition to California Energy Commission funding, the Carbon Zero 1 plant will receive support from USDA, US Forest Service, California Department of Food and Agriculture, and PG&E for energy efficiency improvements.
Market Gurus Viewpoint
Traders rely a lot on what the Market Gurus say about the stock to make good choices. Two analysts observing the Aemetis Inc. (AMTX) stock have set price targets between $4.25 and $10.00 for the company’s shares in the next twelve months. Based on the market opinion, the consensus price objective for the shares is $4.40, suggesting that the stock could lose -62.05% over the next 12 months. With a median price target of $7.13, the stock is 38.29% off the current levels.