AMTX is a producer of ethanol in California and biodiesel in India.
AMTX is still struggling to become profitable and has considerable debt.
AMTX has promising prospects in the form of higher biodiesel output and prices and enhanced ethanol revenue.
Its recent acquisition of Edeniq creates the potential to increase earnings at its ethanol plant and to add a stream of earnings by applying the technology to other plants.
Its contract for LanzaTech technology creates yet another opportunity to enhance earnings at its own plants and other plants as well.
I have written about Aemetis (NASDAQ:AMTX) before - most recently here. AMTX operates a 60 million gallon a year ethanol plant in California and a 50 million gallon a year biodiesel plant in India. The California plant has been operating at capacity but results have been spotty due to a weak ethanol market. The India plant has operated well below capacity due to a variety of marketing and regulatory issues. AMTX has considerable debt but a good bit of it is in the form of low interest EB-5 loans.
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