Texas Capital Securities Reiterates Hold Rating on Aemetis (AMTX): "We view this release as positive"

Texas Capital Securities analyst Derrick Whitfield reiterated a Hold rating and $1.75 price target on Aemetis (NASDAQ: AMTX)

The analyst commented, "We view this release as positive. The positives include: i) CARB approval for 7 new LCFS pathways for the company’s RNG business, increasing the -150 default value to an average CI score of -380, ii) higher-than-expected ethanol and WDG sales volumes, and iii) quarterly revenue and adjusted EBITDA that exceeded our estimates. The negatives include: i) slightly higher-than-expected quarterly capex, and ii) lower-than-expected D3 RIN and LCFS credit sales, albeit RNG volumes were in line with our estimates. Net-net, Aemetis delivered a better-than-expected quarter relative to our estimates and received approval for 7 new LCFS pathways that stand to improve revenue and cash flow as RNG production continues to scale."

For an analyst ratings summary and ratings history on Aemetis click here. For more ratings news on Aemetis click here.

Shares of Aemetis closed at $1.54 yesterday.

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