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Stonegate Capital Partners Updates Coverage On Aemetis, Inc. (AMTX) Q2 2025
AemetisAemetis(US:AMTX) Newsfileยท2025-08-14 20:14

Core Insights - Aemetis, Inc. is entering a high-growth phase with its Dairy RNG platform, supported by regulatory approvals and capacity expansion [1][3] - The company generated $3.1 million in revenue from 106,400 MMBtu of RNG produced by eleven digesters in Q2 2025 [1][5] - CARB approved seven new LCFS pathways with a blended CI score of -384, increasing LCFS credit value by approximately 120% [1][5] - Capacity is projected to reach 550,000 MMBtu by year-end 2025 and further increase to 1.0 million MMBtu by the end of 2026 [1][5] Financial Developments - Aemetis secured $83 million in Section 48 investment tax credit sales, translating to around $70 million in cash [5] - The company has obtained 20-year USDA-guaranteed financing, with Section 45Z monetization expected to start in Q3 2025 as a recurring revenue stream [5] Project Advancements - Aemetis is advancing a $30 million MVR project at its California Ethanol plant, aiming to reduce natural gas usage by 80% and generate approximately $32 million in annual cash flow starting in 2026 [5] - The company's subsidiary in India is targeting an IPO in early 2026 [5]