Aemetis (NASDAQ:AMTX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “Aemetis, Inc. is an advanced fuels and renewable chemicals company. It produces renewable chemicals and fuels using patented microbes and processes. Aemetis owns and operates an ethanol animal feed plant in California to produce D5 Advanced Biofuels using the sorghum/biogas/CHP pathway. The Company also built, owns, and operates a renewable chemicals and advanced fuels production facility on the East Coast of India producing high quality, distilled biodiesel and refined glycerin for customers in Europe and Asia. Aemetis, Inc. is headquartered in Cupertino, California. “
Separately, B. Riley reaffirmed a “neutral” rating on shares of Aemetis in a report on Wednesday, November 1st.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ninepoint Partners LP purchased a new stake in shares of Aemetis in the 3rd quarter valued at about $1,002,000. Geneva Advisors LLC lifted its holdings in shares of Aemetis by 4.9% in the 3rd quarter. Geneva Advisors LLC now owns 1,453,131 shares of the specialty chemicals company’s stock valued at $1,569,000 after purchasing an additional 68,460 shares during the last quarter. Finally, Atlantic Trust Group LLC purchased a new stake in shares of Aemetis in the 3rd quarter valued at about $1,278,000. 17.73% of the stock is owned by institutional investors.
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Aemetis Company Profile
Aemetis, Inc is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products by conversion of first-generation ethanol and biodiesel plants into biorefineries.
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