Aemetis, Inc. operates as a renewable natural gas and fuels, and bio-chemicals company in North America and India. The company focuses on the acquisition, development, and commercialization of various technologies that replace traditional petroleum-based products. It owns and operates an ethanol facility in the California Central Valley near Modesto; and a renewable chemical and advanced fuel production facility on the East Coast of India. The company sells biodiesel and refined glycerin to transport companies, resellers, distributors, and refiners through its sales force and independent sales agents, as well as to brokers who resell the product to end-users. It also produces and sells ethanol; and wet distiller's grains, distiller's corn oil, and condensed distillers solubles to dairies and feedlots as animal feed, as well as other health care and sanitary products, and industrial and potable alcohol for beverage spirits. In addition, it produces dairy biogas; and high-grade sanitizer alcohol and various feed products, as well as researches and develops efficient conversion technologies using waste feedstocks to produce biofuels and biochemicals. The company was formerly known as AE Biofuels, Inc. and changed its name to Aemetis, Inc. in November 2011. Aemetis, Inc. was founded in 2005 and is headquartered in Cupertino, California.
IPO Year:
Exchange: NASDAQ
Website: aemetis.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/16/2023 | $2.50 → $10.50 | Neutral → Buy | UBS |
| 2/28/2023 | $3.00 | Underweight | Piper Sandler |
| 12/14/2022 | $4.25 | Neutral | UBS |
| 8/9/2022 | $12.00 | Buy → Hold | Truist |
| 11/22/2021 | $31.00 → $35.00 | Outperform | Credit Suisse |
| 8/23/2021 | $40.00 → $31.00 | Outperform | Credit Suisse |
| 7/15/2021 | $25.00 | Outperform | Evercore ISI Group |
Revenues Increased 19% Over the Third Quarter of 2023 CUPERTINO, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three and nine months ended September 30, 2024. Revenues of $81.4 million for the third quarter of 2024 reflect strong execution by all three of the company's operating segments, with the California Ethanol business generating $45.0 million in revenues, the India Biodiesel business generating $32.2 million in revenues, and the Dairy Renewable Natural Gas (RNG) business genera
Greenhouse Gas Reduction Goals Improve Health and the Environment in California While Supporting New Investment in Renewable Energy CUPERTINO, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced strong support for the updated Low Carbon Fuel Standard ("LCFS") proposal and strongly urges its adoption by the California Air Resources Board ("CARB") at its meeting on November 8, 2024. "CARB has shown that the LCFS is a highly effective program to reduce greenhouse gas emissions and improve air quality in California," stated Eric McAfee, Chairma
Biofuels Digest Annually Awards the Top 50 Hottest Companies in the Bioeconomy; Aemetis CEO Eric McAfee Presents Company Update at ABLC CUPERTINO, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, was named the 7th Hottest Company in the Bioeconomy by The Digest at the Advanced Bioeconomy Leadership Conference (ABLC) held in San Francisco. The Digest is the world's most widely read bioeconomy daily with more than six million viewers. According to The Digest, the annual rankings "recognize innovation and achievement in fuels and integrated biorefine
Biogas Production of Over 200,000 MMBtu per Year Scheduled to Begin by Year-end 2024 CUPERTINO, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, announced today that its Aemetis Biogas subsidiary has completed initial construction of a multi-dairy anaerobic digester to process waste from approximately 14,000 dairy cows in Merced County, California. The multi-dairy digester is expected to begin operations by year-end 2024 and produce more than 200,000 MMBtu per year of renewable natural gas (RNG). The digester is designed to collect waste from four dairie
CUPERTINO, CA, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a California renewable fuels producer, today called for the California Air Resources Board (CARB) to immediately implement a 15% ethanol blend in gasoline to reduce gas prices for California consumers and reduce greenhouse gas emissions (GHG) from motor vehicles. California stands alone among the 50 states in not adopting a 15% blend of fuel ethanol. The US EPA approved E-15 for use in light duty vehicles in 2011, and 49 other states have adopted a 15% ethanol blend. California still mandates a 90% petroleum blend in every gallon of gasoline. In response to Governor Newsom calling a special session of the
Revenues Increased 48% Over the Second Quarter of 2023 CUPERTINO, CA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three and six months ended June 30, 2024. Revenues of $66.6 million for the second quarter of 2024 reflect strong execution by all three of the company's operating segments, with the California Ethanol business generating $40.1 million in revenues, the India Biodiesel business generating $28.8 million in revenues, and the Dairy Renewable Natural Gas (RNG) business generati
CUPERTINO, CA, July 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX) announced that the company will host a conference call to review the release of its second quarter 2024 earnings report: Date: Thursday, August 1, 2024 Time: 11 am Pacific Standard Time (PST) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 807848 Live Participant Dial In (International): +1-973-528-0011 entry code 807848 Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/50872 Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call. The webcast will be available on the Company's website (www.aem
CUPERTINO, CA, April 23, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced that senior executives of the company will present to institutional investors at conferences hosted by UBS, JP Morgan and Stifel. The presentation will include a review of the recent federal U.S. Citizenship and Immigration Services (USCIS) approval of $200 million of EB-5 funding for Aemetis sustainable aviation fuel, dairy renewable natural gas, and carbon sequestration projects. Aemetis Chair/CEO Eric McAfee will present and hold one-on-one meetings with institution
CUPERTINO, CA, April 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced that it received an allocation of $10.5 million of Inflation Reduction Act (IRA) tax credits by the U.S. Department of Energy (DOE) and the Internal Revenue Service (IRS) under the first phase of IRA Section 48C awards. The Aemetis Five Year Plan projects that Aemetis will receive a total of $450 million of IRA tax credits to support funding of its renewable fuels projects. In October 2023, Aemetis completed the sale of $63 million of IRA tax credits to a single buye
CUPERTINO, CA, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced the design, installation and implementation of the Microsoft DynamicsTM enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects. The tools and processes required to operate a global company, including manufacturing, supply chain, finance and accounting, are included in the Microsoft DynamicsTM ERP system. The Microsoft DynamicsTM ERP system is designed to manage medium to
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Revenues Increased 19% Over the Third Quarter of 2023 CUPERTINO, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three and nine months ended September 30, 2024. Revenues of $81.4 million for the third quarter of 2024 reflect strong execution by all three of the company's operating segments, with the California Ethanol business generating $45.0 million in revenues, the India Biodiesel business generating $32.2 million in revenues, and the Dairy Renewable Natural Gas (RNG) business genera
Revenues Increased 48% Over the Second Quarter of 2023 CUPERTINO, CA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three and six months ended June 30, 2024. Revenues of $66.6 million for the second quarter of 2024 reflect strong execution by all three of the company's operating segments, with the California Ethanol business generating $40.1 million in revenues, the India Biodiesel business generating $28.8 million in revenues, and the Dairy Renewable Natural Gas (RNG) business generati
CUPERTINO, CA, July 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX) announced that the company will host a conference call to review the release of its second quarter 2024 earnings report: Date: Thursday, August 1, 2024 Time: 11 am Pacific Standard Time (PST) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 807848 Live Participant Dial In (International): +1-973-528-0011 entry code 807848 Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/50872 Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call. The webcast will be available on the Company's website (www.aem
India biodiesel segment reports $77.2 million of annual sales, an increase of 175% over prior year CUPERTINO, CA, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced its financial results for the fourth quarter and twelve months ended December 31, 2023. "Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022. Revenues for the full year of 2023 were $186.7 million which includes growth in revenue to $77.2 million from the India Biodiesel segment and $5.5 million
CUPERTINO, CA, March 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX) announced that the company will host a conference call to review the release of its fourth quarter and year end 2023 earnings report: Date: Thursday, March 7, 2024 Time: 11 am Pacific Standard Time (PST) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 971618 Live Participant Dial In (International): +1-973-528-0011 entry code 971618 Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/50051 Attendees may submit questions during the Q&A portion of the conference call. The webcast will be available on the Company's website (www.aemetis.
Reports Net Income of $30.7 million and Basic EPS of $0.79 CUPERTINO, CA, Nov. 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced its financial results for the three and nine months ended September 30, 2023. "Revenues of $68.7 million for the third quarter of 2023 reflect our India Biodiesel segment fulfilling $20.1 million of supply contracts from the three Oil Marketing Companies combined with restart of the Keyes ethanol plant that generated $47.4 million of California Ethanol segment revenues," said Todd Waltz, Chief
CUPERTINO, CA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Aemetis, Inc. (NASDAQ:AMTX) announced that the company will host a conference call to review the release of its third quarter 2023 earnings report: Date: Thursday, November 9, 2023 Time: 11 am Pacific Standard Time (PST) Live Participant Dial In (Toll Free): +1-877-545-0523 entry code 260153 Live Participant Dial In (International): +1-973-528-0016 entry code 260153 Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/49408 Attendees may submit questions during the Q&A portion of the conference call. The webcast will be available on the Company's website (www.aemetis.com) under Investors
India Biodiesel Generates Revenues of $33.6 million from Supply to India Oil Marketing Companies CUPERTINO, CA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, today announced its financial results for the three and six months ended June 30, 2023. "Revenues of $45.1 million for the second quarter of 2023 reflect our India Biodiesel segment fulfilling $33.6 million of supply contracts from the three Oil Marketing Companies combined with the restart of the Keyes plant in late May as we completed the maintenance cycle which allowed for the acceleration of th
CUPERTINO, CA, July 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX) announced that the company will host a conference call to review the release of its second quarter 2023 earnings report: Date: Thursday, August 3, 2023 Time: 11 am Pacific Standard Time (PST) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 340104 Live Participant Dial In (International): +1-973-528-0011 entry code 340104 Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/48845 Attendees may submit questions during the Q&A portion of the conference call. The webcast will be available on the Company's website (www.aemetis.com) under Invest
CUPERTINO, CA , May 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, today announced its financial results for the three months ended March 31, 2023. "Revenues for the first quarter of 2023 reflect our decision in late 2022 to idle the Keyes plant due to a 500% increase in energy cost brought about by insufficient natural gas storage in the Western United States, California in particular, and the resulting price spike that made continuing operations uneconomic. From December through March, exorbitant pricing for natural gas would have resulted in a significant los
CUPERTINO, Calif., Aug. 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, has appointed J. Michael Rockett as Executive Vice President, General Counsel and Corporate Secretary, effective immediately. Mr. Rockett brings over 28 years of relevant experience to the company. Prior to joining Aemetis, he was Vice President, General Counsel, and Corporate Secretary of InEnTec Inc., a developer of technology and facilities to convert waste into renewable fuels and chemical products. Mr. Rockett was formerly an attorney at the law firm of Pillsbury Winthrop Shaw Pittman L
CUPERTINO, CA, Oct. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, today announced the appointment of Timothy Alan Simon, Esq., former Commissioner of the California Public Utilities Commission (CPUC), to the Company's Board of Directors, effective October 14. Mr. Simon was appointed to the CPUC by Governor Arnold Schwarzenegger in February 2007, ending his term in December 2012. During his time as a CPUC commissioner, Mr. Simon served as Chair of the National Association of Regulatory Utility Commissioners ("NARUC") Natural Gas Committee; Chair of the
Experienced energy industry and finance executive to serve as Chairman of IEC's Audit Committee JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / January 25, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that the company's Board of Directors has appointed Michael L. Peterson to the Board. Mr. Peterson will serve as an independent Board member and will also serve as the Chairman of the Audit Committee of the Board of Directors. Mr. Peterson has over 30 years of experience in executive management positions in all aspects of the energy industry and finance industries, having served as
UBS upgraded Aemetis from Neutral to Buy and set a new price target of $10.50 from $2.50 previously
Piper Sandler initiated coverage of Aemetis with a rating of Underweight and set a new price target of $3.00
UBS initiated coverage of Aemetis with a rating of Neutral and set a new price target of $4.25
Truist downgraded Aemetis from Buy to Hold and set a new price target of $12.00
Credit Suisse resumed coverage of Aemetis with a rating of Outperform and set a new price target of $35.00 from $31.00 previously
Credit Suisse reiterated coverage of Aemetis with a rating of Outperform and set a new price target of $31.00 from $40.00 previously
Evercore ISI Group initiated coverage of Aemetis with a rating of Outperform and set a new price target of $25.00
Credit Suisse initiated coverage of Aemetis with a rating of Outperform and set a new price target of $35.00
Truist initiated coverage of Aemetis with a rating of Buy and set a new price target of $35.00
HC Wainwright reiterated coverage of Aemetis with a rating of and set a new price target of $28.00 from $15.00 previously
Avian influenza, also known as bird flu, has public health officials on alert after it spread to an unprecedented number of cows in the U.S. this year and led to positive tests of the virus in four U.S. dairy workers so far this year. A severe variant of the H5N1 strain infected animals ranging from alpacas to house cats worldwide since 2020 and caused lethal outbreaks in commercial poultry, but this is the first year it has infected cows, Reuters reported. Humans have contracted different bird flu strains in Australia and Mexico, while different H5 subtypes have also shown up in other parts of the world including China and Cambodia. Most of the human cases have come from exposure t
Truist Securities analyst Jordan Levy reiterates Aemetis (NASDAQ:AMTX) with a Hold and raises the price target from $3.5 to $4.
HC Wainwright & Co. analyst Amit Dayal reiterates Aemetis (NASDAQ:AMTX) with a Buy and maintains $28 price target.
Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced the design, installation and implementation of the Microsoft DynamicsTM enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects. The tools and processes required to operate a global company, including manufacturing, supply chain, finance and accounting, are included in the Microsoft DynamicsTM ERP system. The Microsoft DynamicsTM ERP system is designed to manage medium to large corporations and was selected specifically to provide a world-class
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HC Wainwright & Co. analyst Amit Dayal reiterates Aemetis (NASDAQ:AMTX) with a Buy and maintains $28 price target.
Aemetis (NASDAQ:AMTX) reported quarterly losses of $(0.64) per share which missed the analyst consensus estimate of $(0.34) by 88.24 percent. This is a 1.59 percent decrease over losses of $(0.63) per share from the same period last year. The company reported quarterly sales of $70.76 million which missed the analyst consensus estimate of $74.65 million by 5.21 percent. This is a 6.04 percent increase over sales of $66.73 million the same period last year.