The renewable energy sector has come into significant focus among investors over the past weeks and one of the stocks that could be worth tracking is that of Aemetis Inc (NASDAQ: AMTX).
The Aemetis stock has rallied strongly over the course of the past month and during that period, it has rallied by 75%. Last week the company announced that its biofuels production process known as ‘Carbon Zero’ received total energy efficiency and solar energy grants to the tune of $16.8 million.
The grants have been made to the company with the aim of upgrading its plant located in Keyes, California so that Aemetis can produce renewable fuel with zero carbon emissions.
On the other hand, investors need to note that the projects that have been funded through the grants are going to open up as big as $18 million worth of margins for Aemetis every year. That works out to a net income of $0.75 per share.
Finance and Entertainment Reporter
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