Verde Clean Fuels (NASDAQ:VGAS) Releases Quarterly Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) posted its quarterly earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports.

Verde Clean Fuels Trading Up 1.0%

Shares of Verde Clean Fuels stock opened at $1.00 on Tuesday. Verde Clean Fuels has a one year low of $0.92 and a one year high of $3.35. The business’s 50 day moving average price is $1.13 and its 200 day moving average price is $1.41.

Institutional Trading of Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Carlson Capital L.P. purchased a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,000 shares of the company’s stock, valued at approximately $25,000. Carlson Capital L.P. owned 0.05% of Verde Clean Fuels as of its most recent SEC filing. Institutional investors and hedge funds own 15.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Verde Clean Fuels presently has an average rating of “Sell”.

Verde Clean Fuels Company Profile

Verde Clean Fuels, Inc develops and commercializes technology designed to produce gasoline from synthesis gas, or syngas. Its proprietary STG+ process converts syngas into gasoline and other hydrocarbon products that can be used as drop-in fuels with existing engines and fuel infrastructure.

The company’s technology is intended to support the conversion of a range of feedstocks, including renewable natural gas, biomass, municipal solid waste and other carbon-containing resources, into transportation fuels.