Verde Clean Fuels (NASDAQ:VGAS) Announces Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) issued its earnings results on Monday. The company reported ($0.04) EPS for the quarter, Zacks reports.

Verde Clean Fuels Stock Up 4.0%

Shares of Verde Clean Fuels stock opened at $1.29 on Wednesday. Verde Clean Fuels has a 52 week low of $0.92 and a 52 week high of $3.39. The business’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.51. The firm has a market cap of $57.47 million, a PE ratio of -4.03 and a beta of -0.31.

Institutional Trading of Verde Clean Fuels

A hedge fund recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC boosted its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,441 shares of the company’s stock after buying an additional 10,335 shares during the period. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Verde Clean Fuels Company Profile

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.