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HOUSTON - XCF Global, Inc. (NASDAQ:SAFX), currently valued at $125.66 million in market capitalization, announced plans to invest nearly $1 billion over the next three years to develop multiple Synthetic Aviation Fuel (SAF) production facilities across the United States and internationally. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics, despite facing significant operational challenges reflected in its Altman Z-Score of 0.06.
The company has already invested approximately $350 million in its operational New Rise Reno facility in Nevada, which has created about 60 full-time jobs in the Reno-Tahoe area, according to the company’s statement released Thursday. The investment comes as XCF maintains a relatively low debt profile with a total debt-to-capital ratio of just 0.01, as reported in InvestingPro’s latest financial analysis.
XCF’s U.S. expansion includes three additional production sites that have been acquired and are ready for development. These include New Rise Reno 2 adjacent to the existing facility, expected to be completed in 2027, and facilities in Fort Myers, Florida and Wilson, North Carolina, both planned for completion by 2028.
Each new facility is expected to have a nameplate production capacity of 40 million gallons, bringing XCF’s total projected production capacity to approximately 160 million gallons per year by the end of 2028, the company stated.
"With over $350 million already invested through New Rise Reno, we’ve proven that we can bring large-scale, commercial SAF production online," said Mihir Dange, Chief Executive Officer and Board Chair of XCF.
The company is also pursuing international expansion, having signed a Memorandum of Understanding to launch New Rise Australia in partnership with Continual Renewable Ventures.
XCF stated that its facilities will utilize a modular, patent-pending site design that allows for production of multiple renewable fuel products, including SAF and renewable diesel.
The company cited growing global demand for SAF, noting that more than 2 billion people currently live in countries with SAF blending mandates or incentives, a figure expected to double by 2030.
XCF Global is listed on the Nasdaq Capital Market under the ticker SAFX with approximately 149.3 million outstanding shares and less than 20% free float as of July 10, according to the press release. The stock has experienced significant volatility, trading between $1.42 and $45.90 over the past 52 weeks, with a current price of $1.50. For deeper insights into XCF’s valuation and growth potential, including exclusive ProTips and detailed financial metrics, investors can access comprehensive analysis through InvestingPro.
In other recent news, XCF Global, Inc. announced that its New Rise Reno facility has produced over 2.5 million gallons of renewable fuels since starting operations in February 2025. The facility is capable of producing synthetic aviation fuel, renewable diesel, and renewable naphtha, contributing to diversified revenue streams. The company has also unveiled an international expansion strategy to deploy its synthetic aviation fuel technology through regional partnerships, aiming to leverage its patent-pending modular facility design. XCF Global recently appointed a new Board of Directors following its business combination and public listing on Nasdaq, with Mihir Dange as Board Chair and Anne Anderson as Lead Independent Director. Additionally, XCF Global Capital has entered into several promissory notes and financial agreements with various entities and announced executive changes, including the appointment of Pamela M. Abowd as Chief Accounting Officer. The company has also amended its Business Combination Agreement with Focus Impact BH3 Acquisition Company, extending the termination date to June 30, 2025. XCF Global’s debut on Nasdaq marks a strategic step to fund its initiatives and expand its presence in the sustainable aviation fuel industry. The company continues to face financial challenges related to outstanding loans and lease payments for its Reno facility.
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