Aemetis, Inc. (AMTX)

Aemetis, Inc. (AMTX) stock has experienced a significant decline over the past six months, with a 58.02% decrease from November 26, 2024, to November 25, 2025. The stock has fallen by 59.47% over the last year and saw a 35.00% decrease in the past month. The Q3 2025 earnings report on November 6, 2025, reported an EPS of -$0.37, missing the forecasted -$0.19, and revenue of $59.2 million, below the expected $87.44 million, leading to a 10.34% drop in Aemetis shares in pre-market trading. The U.S. Environmental Protection Agency's decision in April 2025 to allow continued sales of a 15% ethanol blend beyond May 1st was seen as a potential positive, expected to enhance demand and sales of renewable fuel.

The demand for Aemetis's products can exhibit seasonality and is influenced by market factors and government regulations. The price of ethanol is based on quarterly sales contracts, which typically reference daily spot prices. The price for wet distillers grains (WDG) is determined monthly, influenced by the price of corn, the supply and price of dried distillers grains, and demand from local dairy and feed markets. The company's India biodiesel segment has experienced fluctuations, with deliveries to government oil marketing companies resuming in April 2025 after a six-month pause in purchasing, suggesting potential seasonality or contract-based variations in demand for this product. Aemetis also adjusts ethanol production to optimize margins, indicating a responsiveness to market demand and pricing.

Aemetis, Inc. is a renewable natural gas and renewable fuels company founded in 2006, operating in the Materials sector, specifically in the Specialty Chemicals industry, and also categorized under Oil, Gas & Consumable Fuels or Energy-Alternate Sources. The company produces ethanol, biodiesel, and renewable natural gas (RNG), along with co-products like wet distillers grains, distillers corn oil, and condensed distillers solubles for animal feed, as well as distilled biodiesel, refined glycerin, USP alcohol, and hand sanitizer. Aemetis focuses on producing sustainable fuels and chemicals to reduce greenhouse gas emissions and dependence on fossil fuels.

Aemetis's operations are divided into two main geographical segments: North America and India. In North America, the company manages the Keyes Plant in California, a cellulosic ethanol facility in Riverbank, a network of biogas digesters on dairy farms near Keyes, the Goodland Plant in Kansas, and a research and development facility in Minnesota. The India segment includes the Kakinada plant, administrative offices in Hyderabad, and holding companies in Nevada and Mauritius.

Aemetis, Inc. maintains a brand reputation centered on its commitment to environmental stewardship and economic growth within the renewable energy sector. The company's mission is to replace petroleum-based products with renewable alternatives, leveraging advanced technologies and sustainable feedstocks. Aemetis is recognized for its focus on vertical integration, linking ethanol, biodiesel, and RNG production with carbon capture development, and for producing high-value products like dairy RNG with a negative carbon intensity score. Analysts have given AMTX stock an average rating of "Strong Buy" with a 12-month stock price target of $17.0, indicating a positive outlook on the company's future performance. No specific negative events impacting Aemetis's brand reputation, beyond stock performance, were identified in the past year.

Aemetis, Inc. has a mixed ownership structure comprising institutional, retail, and individual investors. As of April 2025, there were 157 institutional owners and shareholders holding a total of 15,385,185 shares, with major institutional shareholders including Vanguard Group Inc, Grantham, Mayo, Van Otterloo & Co. LLC, Susquehanna International Group, Llp, Geode Capital Management, Llc, BlackRock, Inc., Millennium Management Llc, and Goldman Sachs Group Inc. Insiders own approximately 7.09% of the company's stock, with Eric A. McAfee, the co-founder, Executive Chairman, and CEO, being the largest individual shareholder, owning 51,059,125 shares, representing 77.87% of the company.