Verde Clean Fuels (NASDAQ:VGAS) Announces Earnings Results

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

Verde Clean Fuels Stock Performance

Verde Clean Fuels stock traded up $0.01 during midday trading on Monday, hitting $1.00. 7,917 shares of the company were exchanged, compared to its average volume of 73,746. The firm has a market capitalization of $44.77 million, a PE ratio of -3.14 and a beta of -0.25. Verde Clean Fuels has a fifty-two week low of $0.92 and a fifty-two week high of $3.35. The business has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $1.41.

Institutional Investors Weigh In On Verde Clean Fuels

A hedge fund recently bought a new position in Verde Clean Fuels stock. Carlson Capital L.P. bought a new stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,000 shares of the company’s stock, valued at approximately $25,000. Carlson Capital L.P. owned approximately 0.05% of Verde Clean Fuels at the end of the most recent reporting period. 15.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, the company presently has a consensus 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.