Street Calls of the Week
HOUSTON - XCF Global, Inc. (NASDAQ:SAFX) and FlyORO Technologies have signed a Memorandum of Understanding to explore creating a global partnership aimed at addressing sustainable aviation fuel (SAF) supply chain and blending inefficiencies, according to a press release issued Wednesday. XCF Global, currently trading at $1.31 with a market capitalization of $126 million, has seen its shares decline 87% year-to-date.
The non-binding agreement would combine XCF’s expertise in SAF production infrastructure with FlyORO’s patented AlphaLite modular blending technology to develop an end-to-end solution for SAF deployment. The technology is designed for flexible installation either at airports or pre-airport locations.
The potential partnership aligns with XCF’s international expansion strategy announced in June, which focuses on a capital-efficient, modular approach to global SAF deployment through regional partnerships.
"This partnership has the potential to rewire how the aviation industry thinks about SAF deployment," said Mihir Dange, CEO of XCF Global. "Blending isn’t just a technical step, it’s a critical piece of the infrastructure puzzle that determines how fast SAF can scale." For deeper insights into XCF Global’s financial health and growth prospects, InvestingPro subscribers have access to over 30 additional financial metrics and expert analysis.
The companies cite growing demand as a driver for their collaboration. By 2030, the global SAF market is projected to exceed $25 billion, with worldwide demand expected to surpass 5.5 billion gallons. The stock, which has seen average daily trading volume of 2.64 million shares over the past three months, currently trades at a P/E ratio of -24.37.
Damian Mc Loughlin, Chief Commercial Officer of FlyORO, said the company’s modular system "makes blending more flexible, scalable, and affordable."
The execution of a definitive agreement remains subject to due diligence, technical validation, and final negotiations.
XCF Global develops and operates SAF production facilities and is listed on the Nasdaq Capital Market. FlyORO Technologies provides modular, on-demand blending services for SAF and conventional jet fuel.
In other recent news, XCF Global, Inc. has been actively engaging in several significant developments. The company highlighted risk factors from its subsidiary, XCF Global Capital Inc., in a recent SEC filing. This disclosure, included in a Form 8-K, emphasizes the importance of these risk factors for investors. Additionally, XCF Global has signed a Letter of Intent with Posh Energy to explore converting byproducts from sustainable aviation fuel and renewable diesel into zero-carbon electricity, potentially creating new revenue streams.
In another development, Anne Anderson, the Lead Independent Director of XCF Global, resigned from the board for personal reasons. Her departure comes after contributing to the board’s structure and governance processes. Furthermore, XCF Global’s subsidiary, New Rise Renewables Reno, received and then saw the withdrawal of a loan acceleration notice from Greater Nevada Credit Union concerning loans guaranteed by the USDA. Lastly, the company announced a partnership with OpenSponsorship to promote carbon-neutral travel in the sports and entertainment sectors, aiming to reduce aviation emissions.
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