---
title: "Improving Fundamentals, Scaling RNG Volumes and Policy Tailwinds Support Buy Rating and Unchanged $28 Price Target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285923177.md"
description: "Analyst Amit Dayal from H.C. Wainwright has maintained a Buy rating on Aemetis with a price target of $28. He cites improving fundamentals, expanding revenue, and scaling renewable natural gas volumes as key factors. Despite concerns over high interest expenses, Dayal expects value to be unlocked through refinancing and project financings, reinforcing his positive outlook on the shares."
datetime: "2026-05-11T10:26:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285923177.md)
  - [en](https://longbridge.com/en/news/285923177.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285923177.md)
---

# Improving Fundamentals, Scaling RNG Volumes and Policy Tailwinds Support Buy Rating and Unchanged $28 Price Target

Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on Aemetis and keeping the price target at $28.00.

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Amit Dayal has given his Buy rating due to a combination of factors tied to improving fundamentals and visible growth catalysts. He notes that revenue is expanding across all business lines, profitability metrics are trending in the right direction with gross profit turning positive and operating losses shrinking, and renewable natural gas volumes are scaling meaningfully, helped by new digesters and favorable low-carbon fuel pathways that should lift high-margin LCFS credit income.

He also highlights the quarterly recognition of Section 45Z production tax credits, which adds a recurring, policy-backed revenue stream, and sees further upside if updated models improve the company’s credit profile. While elevated interest expense and a leveraged capital structure remain a concern, he expects value to be unlocked through planned refinancing, ongoing project financings, and a potential India subsidiary IPO, supporting his unchanged $28 price target and reinforcing his positive stance on the shares.

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