Shares of renewable fuels and biochemicals company Aemetis (NASDAQ: AMTX) rose a swift 13% or so within the first hour of trading today. The sizable gain held strong, with the stock still up by about the same amount at roughly 3 p.m. EDT. The bullish attitude appears to be related to cows.
Believe it or not, that last statement is couched in reality. According to Aemetis, it has received certification from the California Air Resources Board “for a new LCFS Tier 2 fuel pathway for the Aemetis Advanced Fuels Keyes ethanol production plant utilizing renewable dairy biogas as a process energy input.” This approval is expected to help reduce the carbon intensity of the ethanol the company produces, so it is a positive development in and of itself for the environmentally focused company.