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Aemetis Inc (AMTX)



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Upturn Advisory Summary
08/29/2025: AMTX (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $13.5
1 Year Target Price $13.5
2 | Strong Buy |
1 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 27.92% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 160.63M USD | Price to earnings Ratio - | 1Y Target Price 13.5 |
Price to earnings Ratio - | 1Y Target Price 13.5 | ||
Volume (30-day avg) 5 | Beta 1.5 | 52 Weeks Range 1.22 - 4.73 | Updated Date 08/29/2025 |
52 Weeks Range 1.22 - 4.73 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.54 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate -0.28 | Actual -0.41 |
Profitability
Profit Margin -36.7% | Operating Margin (TTM) -20.43% |
Management Effectiveness
Return on Assets (TTM) -11.54% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 513969990 | Price to Sales(TTM) 0.72 |
Enterprise Value 513969990 | Price to Sales(TTM) 0.72 | ||
Enterprise Value to Revenue 2.3 | Enterprise Value to EBITDA -8.77 | Shares Outstanding 63241000 | Shares Floating 58602864 |
Shares Outstanding 63241000 | Shares Floating 58602864 | ||
Percent Insiders 7.33 | Percent Institutions 15.47 |
Upturn AI SWOT
Aemetis Inc

Company Overview
History and Background
Aemetis, Inc. was founded in 2006. Initially focused on biodiesel production, it has expanded into renewable natural gas (RNG), renewable jet/diesel, and carbon sequestration projects. It has strategically grown through acquisitions and development of its existing infrastructure.
Core Business Areas
- Renewable Fuels: Production of renewable fuels such as biodiesel, renewable diesel, and renewable jet fuel from various feedstocks.
- Renewable Natural Gas (RNG): Development and operation of RNG projects, capturing biogas from dairy farms and converting it into pipeline-quality natural gas.
- Carbon Capture and Sequestration: Plans to capture and sequester carbon dioxide from its production facilities, reducing its carbon footprint and generating carbon credits.
Leadership and Structure
Eric McAfee is the Chairman and CEO. The company has a typical corporate structure with a board of directors and executive management overseeing various departments like operations, finance, and business development.
Top Products and Market Share
Key Offerings
- Biodiesel: Aemetis produces biodiesel from various feedstocks, primarily for use in California. Market share data is fragmented; overall US biodiesel market has numerous players. Competitors include Renewable Energy Group (REG) which has been acquired by Chevron, World Energy, and Darling Ingredients.
- Revenue:
- Renewable Natural Gas (RNG): Aemetis is expanding its RNG production. RNG market share is also fragmented, with companies like Clean Energy Fuels and UGI Energy Services being key competitors. Aemetisu2019 dairy RNG projects are a differentiating factor.
- Revenue:
- Renewable Jet/Diesel: Aemetis is developing renewable jet and diesel fuel production. Competitors will include companies producing Sustainable Aviation Fuel (SAF) and renewable diesel, such as Neste and World Energy, once its project comes online.
- Revenue:
Market Dynamics
Industry Overview
The renewable fuels industry is driven by government mandates, incentives, and increasing demand for sustainable alternatives to fossil fuels. The RNG market is growing rapidly due to its environmental benefits and applications in transportation and heating. The SAF market is emerging due to the airline industry's commitment to reduce carbon emissions.
Positioning
Aemetis is positioned as a diversified renewable fuels company focused on utilizing waste feedstocks and developing advanced biofuels. Its competitive advantage lies in its integrated approach, leveraging existing infrastructure and developing innovative technologies.
Total Addressable Market (TAM)
The combined TAM for renewable fuels, RNG, and SAF is estimated to be in the tens of billions of dollars. Aemetis is positioned to capture a portion of this market by developing and commercializing its projects. The exact TAM is difficult to quantify due to varying fuel prices and policy incentives.
Upturn SWOT Analysis
Strengths
- Diversified renewable fuels portfolio
- Existing infrastructure and strategic locations
- Focus on waste and low-carbon feedstocks
- Strong government support and incentives
Weaknesses
- High capital expenditure requirements
- Reliance on government subsidies and mandates
- Technological and operational risks
- Fluctuating feedstock prices
Opportunities
- Expanding RNG production
- Developing renewable jet fuel production
- Carbon capture and sequestration projects
- Increased demand for sustainable transportation fuels
Threats
- Changes in government policies and incentives
- Competition from established biofuel producers
- Technological disruptions
- Economic downturn
Competitors and Market Share
Key Competitors
- REGI
- GPRE
- ADM
- DAR
Competitive Landscape
Aemetis faces competition from larger, established biofuel producers and oil companies entering the renewable fuels space. Its competitive advantage lies in its focus on waste feedstocks and developing advanced biofuels.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is characterized by expansion of operations and development of new projects.
Future Projections: Future growth is dependent on successful execution of its RNG, renewable jet/diesel, and carbon sequestration projects. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include securing financing for its Riverbank renewable jet/diesel project and expanding its dairy RNG operations.
Summary
Aemetis is a renewable fuels company with ambitious growth plans centered around RNG, SAF, and carbon sequestration. While the company operates in a promising sector driven by policy and environmental concerns, it faces execution risks and is heavily reliant on continued government support. Their strategic move to expand into higher value products such as SAF has been a welcome surprise. They need to ensure they have the capital to develop these projects.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Aemetis Inc. SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is estimated and may not be precise. The AI-based rating is for informational purposes only and should not be the sole basis for investment decisions. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Aemetis Inc
Exchange NASDAQ | Headquaters Cupertino, CA, United States | ||
IPO Launch date 2014-05-15 | Co-Founder, Executive Chairman & CEO Mr. Eric A. McAfee | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 223 | Website https://www.aemetis.com |
Full time employees 223 | Website https://www.aemetis.com |
Aemetis, Inc. operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company engages in the operation, acquisition, development, and commercialization of low and negative carbon intensity products and technologies that replace fossil fuel products. It also produces and sells ethanol; wet distillers grains, distillers corn oil, and condensed distillers solubles to dairies and feedlots as animal feed; and distilled biodiesel and refined glycerin products. In addition, the company produces renewable natural gas; and USP alcohol and hand sanitizer. Aemetis, Inc. is headquartered in Cupertino, California.

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