Aemetis price target raised to $9.50 from $9.00 at Stifel

Stifel analyst Derrick Whitfield raised the firm’s price target on Aemetis to $9.50 from $9.00 and keeps a Buy rating on the shares following virtual meetings with CEO Eric McAfee. The firm is now increasingly constructive on the progress and outlook of dairy renewable natural gas, dRNG, and, as a result, the firm is increasing its dRNG projections, the analyst tells investors. McAfee told the firm he believes the final renewable volume obligations, RVO, rule is a “win” for both dRNG and SAF projects, Stifel says.