Verde Clean Fuels (NASDAQ:VGAS) Issues Earnings Results

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

Verde Clean Fuels Stock Performance

VGAS opened at $1.00 on Wednesday. The company’s 50 day moving average is $1.13 and its 200-day moving average is $1.40. Verde Clean Fuels has a 1-year low of $0.92 and a 1-year high of $3.24.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently bought a new position in Verde Clean Fuels stock. Carlson Capital L.P. acquired a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,000 shares of the company’s stock, valued at approximately $25,000. Carlson Capital L.P. owned about 0.05% of Verde Clean Fuels at the end of the most recent reporting period. 15.61% of the stock is owned by hedge funds and other institutional investors.

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.