Price Target AdjustmentMaintaining a BUY rating, but lowering the 12-month price target, representing significant upside from current share price.
Regulatory UncertaintyRealizing Inflation Reduction Act (IRA) 45Z Production Tax Credits (PTC) in 2025 is partly dependent on the IRS releasing the calculation guideline for RNG, with limited clarity on the timeline.
Revenue PerformanceAemetis reported its fiscal Q4 2024 revenue at $47 million, which was significantly lower than the previous year and below both analyst estimates and consensus expectations.