Verde Clean Fuels, Inc. - Class A Common Stock (VGAS)
3.7000+0.1100(3.06%)
Verde Clean Fuels, Inc. is a company focused on developing and providing sustainable fuel solutions, primarily aimed at enhancing the environmental performance of transportation and energy sectors. The company specializes in the production and commercialization of low-emission, renewable fuels that contribute to reducing greenhouse gas emissions and dependence on fossil fuels. Through innovative technologies and strategic partnerships, Verde Clean Fuels is committed to advancing clean energy alternatives that support a more sustainable future while addressing the growing demand for eco-friendly energy sources.
Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production facilities to convert syngas derived from diverse feedstocks into gasoline, today reported second quarter 2024 GAAP diluted net loss per share of $(0.14). The second quarter 2024 consolidated net loss was $2.8 million, of which $0.9 million was attributable to Verde. The second quarter net loss consists primarily of ongoing general and administrative and research and development expenses related to the Company’s continuing focus on development of its first commercial facility based on Verde’s proprietary STG+® technology which is designed to produce gasoline utilizing either stranded natural gas or waste feedstocks. The Company ended the second quarter with $23.2 million of cash and cash equivalents.
Verde Clean Fuels, Inc. (“Verde” or “the Company”) (NASDAQ: VGAS), a renewable energy company focused on converting syngas derived from diverse feedstocks into gasoline, today announced that it has selected Chemex Global, LLC (“Chemex”) as the contractor to spearhead the front-end engineering and design (“FEED”) phase of the Company’s previously announced joint development agreement (“JDA”) with Cottonmouth Ventures, LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG) for the proposed development, construction, and operation of a natural gas-to-gasoline facility in the Permian Basin. This FEED contractor selection is the first step in furtherance of the JDA, which provides a pathway forward for the parties to reach final definitive documents and final investment decision (“FID”).
Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production facilities to convert syngas derived from diverse feedstocks into gasoline, today reported first quarter 2024 GAAP diluted net loss per share of $(0.13). The first quarter net loss consists of ongoing general and administrative and research and development expenses related to the Company’s continuing focus on development of its first commercial facility based on Verde’s proprietary STG+® technology which is designed to produce gasoline utilizing either stranded natural gas or waste feedstocks.
Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”), a renewable energy company focused on the development of commercial production facilities to convert syngas derived from diverse feedstocks into gasoline, today announced that a consortium led by TDA Research, Inc. (“TDA”), and including Verde, has been awarded funding from the US Department of Energy (DOE) to complete a conceptual design study for a system having the potential of capturing and utilizing ambient CO2 to produce “green” methanol.
Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45). The full year net loss consists of ongoing general and administrative and research and development expenses related to the Company’s continuing focus on development of its first commercial facility based on Verde’s proprietary STG+® technology which is designed to produce gasoline utilizing either stranded natural gas or waste feedstocks.
Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde”) today announced that Ernest Miller, Chief Executive Officer is scheduled to participate in, and meet investors at, the Second Annual Wells Fargo Clean Energy Symposium. The event is to be held March 26, 2024 at the Lotte New York Palace hotel in New York City.
Verde Clean Fuels, Inc. (“Verde”) (NASDAQ: VGAS) today announced that Ernest Miller, Chief Executive Officer, is scheduled to present at CERAWeek 2024.
Shares of IPG Photonics Corporation (NASDAQ: IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”) and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG) (“Diamondback”), today announced that the parties have executed a Joint Development Agreement (“JDA”) for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
Verde Clean Fuels, Inc. (“Verde”) (Nasdaq: VGAS), a company focused on becoming leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today reported third quarter 2023 GAAP diluted loss per share of $(0.13). The loss consists of ongoing general and administrative and research and development expenses related to the Company’s continuing focus on development of its first commercial facility based on Verde’s proprietary STG+® technology which is designed to produce gasoline utilizing either stranded natural gas or waste feedstocks that are otherwise landfilled.
Verde Clean Fuels, Inc. (“Verde” or the “Company"), an emerging leader in the production of renewable gasoline derived from renewable and natural gas feedstocks, today reported second quarter 2023 GAAP diluted loss per share of $(0.12). The loss consists of ongoing general and administrative, and research and development expenses related to the Company’s continuing focus on development of its first commercial facility based on Verde’s proprietary STG+® technology which is designed to produce gasoline utilizing either stranded natural gas or waste feedstocks that are otherwise landfilled.
Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
Verde Clean Fuels, Inc. (NASDAQ: VGAS) (the “Company” or “Verde”) is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023, according to a preliminary list of additions posted by FTSE Russell.
U.S. stocks traded mostly higher this morning, with Nasdaq Composite gaining over 75 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.05% to 33,590.92 while the NASDAQ rose 0.55% to 13,349.38. The S&P 500, also rose, gaining, 0.18% to 4,291.74.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 100 points on Wednesday. The Dow traded down 0.72% to 32,816.38 while the NASDAQ fell 1.12% to 12,419.97. The S&P 500, also fell, dropping, 0.90% to 4,108.09.
