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Verde Clean Fuels ( (VGAS) ) has issued an update.
On January 29, 2025, Verde Clean Fuels announced the completion of a $50 million equity investment by Cottonmouth Ventures, a subsidiary of Diamondback Energy, making Cottonmouth the second largest shareholder in Verde with a total investment of $70 million. This investment will support Verde’s plans to develop natural gas-to-gasoline production plants using its STG+® technology. Alongside the investment, Verde expanded its Board to include Johnny Dossey as a director, representing Cottonmouth. The move is expected to enhance operational efficiency, support sustainability goals, and advance the construction of commercial production plants, potentially benefiting stakeholders by providing a high-value outlet for natural gas and contributing to lower carbon fuel production.
More about Verde Clean Fuels
Verde Clean Fuels, Inc. is a clean fuels company that focuses on the development of commercial production plants utilizing its proprietary liquid fuels processing technology. The company’s syngas-to-gasoline plus (STG+®) process transforms syngas from various feedstocks into fully finished liquid fuels without the need for additional refining. Verde is particularly focused on converting associated natural gas into gasoline, aiming to reduce carbon intensity and provide a market for such natural gas.
YTD Price Performance: -11.14%
Average Trading Volume: 13,496
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $115.1M
See more data about VGAS stock on TipRanks’ Stock Analysis page.