Aemetis Secures Major Contract to Provide Biodiesel to Indian Oil Marketing Companies

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Aemetis ($NASDAQ:AMTX) is a publicly traded renewable fuels and biochemicals company with a mission to accelerate the global adoption of renewable fuels and chemicals. They have recently secured a major contract to provide biodiesel from their Kakinada plant to Indian oil marketing companies (OMCs). This contract is valued at approximately $34 million and it marks a major milestone for the company. The company produces renewable fuels, chemicals and animal feed products from renewable sources, including waste products and co-products. Aemetis is one of the largest producers of biodiesel in the world and is actively expanding its presence in the Indian market.

The contract that Aemetis has secured will allow them to provide biodiesel to Indian OMCs, who are some of the biggest biodiesel buyers in India. This deal is a huge step forward for the company and will enable them to further expand their presence in the region. Furthermore, it is expected that this contract will help Aemetis grow their revenues and bolster their position as a leader in the production of advanced biofuels and biochemicals.

Stock Price

This news caused their stock to jump 6.7% from their last closing price of 2.2, opening at $2.3 and closing at $2.4. This significant increase shows investor confidence in the financial success of this contract and AEMETIS‘s future prospects. The company is well-positioned to capitalize on this new contract and expand their operations in the biodiesel market. Live Quote…

About the Company

Income Snapshot

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Key Ratios Snapshot

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Analysis

GoodWhale has conducted an analysis of AEMETIS‘s wellbeing and found that, according to our Star Chart, AEMETIS has a low health score of 0/10 with regard to its cashflows and debt. This indicates that AEMETIS is less likely to be able to pay off its debt or fund future operations. We have classified AEMETIS as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. When assessing AEMETIS in particular, we can see that the company is strong in growth, but weak in asset, dividend, and profitability. We believe that investors who are looking for high growth potential may be interested in investing in AEMETIS, despite its low health score. However, it is important to note that there are still risks associated with investing in a cheetah-style company due to its lack of stability. More…

Peers

Headquartered in Cupertino, California, Aemetis operates an integrated production facility in India and a 50,000 gallon per day demonstration and small-scale production facility in Riverbank, California. The company has a joint venture and technology license agreement with a major Indian sugar producer for a large-scale integrated production facility in India. Aemetis owns and operates a 50 million gallon per year ethanol plant in Keyes, California. The company also owns and operates a distillation facility to produce high purity alcohols from renewable feedstocks. Aemetis has developed and patented technology to produce second-generation renewable fuels and chemicals from non-food biomass.

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Summary

Aemetis Inc., a renewable fuels and biochemicals producer, recently announced a $34 million contract to supply biodiesel from its Kakinada plant in India to Oil Marketing Companies (OMCs). As a result, Aemetis’ stock price surged on the same day. For investors, this could be a positive indicator of the company’s future potential. Aemetis has been able to establish itself as a reliable supplier of biodiesel, which could lead to increased demand for the company’s products and services.

Furthermore, the company is well positioned to benefit from the growing demand for clean and renewable energy sources in India. With its strategic presence in multiple markets and its long-term contracts in place, Aemetis is showing signs of a successful investment for the long term.