Skip to main content

Market Overview

Why Aemetis Is Trading Higher Today

Share:
Why Aemetis Is Trading Higher Today

Aemetis (NASDAQ: AMTX) shares are trading higher on continued strength from a Friday announcement.

The company's “Carbon Zero” biofuels production process has received $16.8 million of solar energy and other energy efficiency grants. The funds will go toward upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel.

Shares of several solar companies have traded higher following the inauguration of President Joe Biden. Biden has signed executive orders pertaining to the environment and a Democratic presidency and Senate are expected to benefit the clean energy sector.

Aemetis is an international renewable fuel and biochemicals company focused on the production of advanced renewable fuels & chemicals through the acquisition, development & commercialization of innovative technologies that replace traditional petroleum-based products through the conversion of first-generation ethanol and biodiesel plants into advanced biorefineries. It owns and operates an approximately 60 million gallon per year ethanol production facility located in Keyes, California.

Aemetis shares were trading up 139.21% at $10.53. The stock has a 52-week high of $11 and a 52-week low of 37 cents.

 

Related Articles (AMTX)

View Comments and Join the Discussion!

Posted-In: why it's movingNews Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com