Verde Clean Fuels (NASDAQ:VGAS) Earns “Sell (E+)” Rating from Weiss Ratings

Verde Clean Fuels (NASDAQ:VGAS)‘s stock had its “sell (e+)” rating reiterated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Verde Clean Fuels Stock Performance

VGAS opened at $2.91 on Wednesday. The stock has a market capitalization of $129.64 million, a price-to-earnings ratio of -7.10 and a beta of -0.46. The company has a fifty day moving average of $2.93 and a 200 day moving average of $3.23. Verde Clean Fuels has a fifty-two week low of $2.50 and a fifty-two week high of $4.54.

Verde Clean Fuels (NASDAQ:VGAS) last posted its earnings results on Wednesday, August 13th. The company reported ($0.07) earnings per share for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Creative Planning acquired a new position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is currently owned by institutional investors.

About Verde Clean Fuels

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.