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CUPERTINO, CALIF. - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company with a market capitalization of $109 million, announced Monday that the Stanislaus County Board of Supervisors has unanimously approved an extension of the County’s Commercial Property Assessed Clean Energy (C-PACE) program. According to InvestingPro data, the company has shown strong revenue growth of 43% in the last twelve months, though currently trades below its Fair Value. This decision, made on March 11, 2025, enables private industry to finance energy efficiency upgrades and renewable energy facilities through the program.
The C-PACE program offers a financing mechanism with 30-year terms, repaid through property tax bills, providing a new capital source for businesses like Aemetis to fund and refinance energy projects. This financing option could be particularly significant for Aemetis, as InvestingPro analysis reveals the company operates with a significant debt burden of $470 million and a concerning current ratio of 0.31. Stanislaus County’s recent move allows for participation in the California Enterprise Development Authority, facilitating the financing of private projects via state municipal bonds exempt from state taxes for lenders. The program’s structure, which includes repayments through County property tax bills, offers lenders better protection and liquidity.
Aemetis expects several of its projects to be eligible for C-PACE financing, including the Keyes plant mechanical vapor recompression system, the expansion of dairy renewable natural gas production, the planned Riverbank Sustainable Aviation Fuel plant, and the refinancing of the Keyes solar generation system and renewable natural gas upgrading hub.
Headquartered in Cupertino, Aemetis focuses on technologies that replace petroleum products and reduce greenhouse gas emissions. The company operates a biogas digester network and pipeline system in California, converting dairy waste gas into Renewable Natural Gas (RNG). Aemetis also owns ethanol and biodiesel production facilities in California and India, respectively, and is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, along with renewable hydrogen and hydroelectric power projects. For deeper insights into Aemetis’ financial health and growth prospects, investors can access comprehensive analysis and 10+ additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
The information in this article is based on a press release statement and contains forward-looking statements subject to risks and uncertainties. These risks include market competition, commodity market risks, financial market risks, customer adoption, and changes in federal policy or regulation, as detailed in Aemetis’ filings with the Securities and Exchange Commission.
In other recent news, Aemetis Inc. reported a 43% increase in annual revenue for the fourth quarter of 2024, reaching $268 million, driven by advancements in its biogas and ethanol segments. However, the company also experienced a widening net loss of $87.5 million, up from $46.4 million in 2023, reflecting increased expenses and investments in new projects. Capital expenditures were focused on carbon intensity reduction and biogas production, totaling $20.3 million. Despite the revenue growth, the stock price declined following the earnings announcement, indicating investor concerns over financial performance and future outlook.
Aemetis is targeting significant expansion in its biogas production, aiming for 1 million MMBtu by 2026. The company is also pursuing approvals for E15 ethanol blends across more states, which could potentially expand the ethanol market by up to 50%. Additionally, Aemetis is preparing for an IPO of its India Biodiesel segment, anticipated in late 2025 or early 2026. The company is advancing in biogas, ethanol, and sustainable aviation fuel projects, with a strategic focus on low-carbon fuel markets. The recent developments underscore Aemetis’ commitment to building long-term value for its stockholders.
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