Truist Financial analyst Jordan Levy maintained a Hold rating on Aemetis (AMTX – Research Report) on August 25 and set a price target of $5.00. The company’s shares closed yesterday at $5.30.
According to TipRanks, Levy is an analyst with an average return of -18.4% and a 31.51% success rate. Levy covers the Energy sector, focusing on stocks such as Plug Power, Green Plains, and Enphase Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aemetis with a $11.40 average price target.
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Based on Aemetis’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $43.78 million and a GAAP net loss of $25.28 million. In comparison, last year the company earned a revenue of $64.16 million and had a GAAP net loss of $209 thousand
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is neutral on the stock.
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Aemetis, Inc. operates as a renewable fuels and biochemicals company. The firm focuses on the acquisition, development, and commercialization of technologies that replace traditional petroleum-based products by the conversion of ethanol and biodiesel plants into biorefineries. It operates through the North America and India segments. The North America segment comprises of the Keyes Plant in California, the cellulosic ethanol facility in Riverbank, the cluster of biogas digesters on dairies near Keyes, the Goodland Plant, and the research and development facility in Minnesota. The India segment includes the Kakinada plant, administrative offices in Hyderabad, and holding companies in Nevada and Mauritius. Its products include glycerin, ethanol, food and feed, biodiesel, and edible oils. The company was founded by Eric Armstrong McAfee in 2005 and is headquartered in Cupertino, CA.
Read More on AMTX:
- Aemetis appoints Michael Rockett as Executive Vice President
- Aemetis announces sale of 88,883 D3 Renewable Identification Number credits
- Aemetis Biogas Builds Revenues With First Commercial Sale of D3 RINs Generated by Dairy Renewable Natural Gas Project
- Aemetis price target raised to $10.50 from $9 at Stifel
- Aemetis upgraded to Buy on dairy project upside at UBS
