Stonegate Capital Partners Updates Coverage on Aemetis, Inc. (AMTX) Q3 2024
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Dallas, Texas--(Newsfile Corp. - December 11, 2024) - Aemetis, Inc. (NASDAQ: AMTX): Stonegate Capital Partners updates coverage on Aemetis, Inc. (NASDAQ: AMTX). Aemetis outlined a 5-year plan to reach $2.0B in revenue and $644M in adjusted EBITDA by 2028 vs F23 revenue and adjusted EBITDA of $186.7M and $(22.4)M. respectively. While this is a long-term plan, AMTX has demonstrated its capability to achieve its targets with several key developments this quarter. The Company has successfully increased revenue across all segments. The Keyes Ethanol Plant generated $45.0M in revenue with the production of 15.5M gallons of ethanol. Additionally, AMTX has made significant progress in its carbon sequestration efforts, with the approval of 20 years of Low Carbon Fuel Standard mandates by CARB, which is expected to enhance revenue and earnings from its U.S. projects. We anticipate several regulatory catalysts to be resolved within the next 12 months, further supporting AMTX's growth trajectory.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Revenues of $81 Million; increasing 19% over the Third Quarter of 2023.
- Received approval of 20 years of Low Carbon Fuel Standard mandates by CARB.
- AMTX is expected to have an additional 10 dairy's completed or in progress by FY25.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
[email protected]
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229792
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