Ameresco's Neogenyx Fuels Breaks Ground on First Agricultural RNG Facility
AMRC sits 52% above its 52-week low of $18.375 on light trading volume (0.1× avg).
Summary
Ameresco's Neogenyx Fuels arm is breaking ground on its first agricultural renewable natural gas facility at the Adams Land & Cattle feedlot in Broken Bow, Nebraska. The project will convert manure into pipeline-quality RNG using eight anaerobic digesters, producing about 1.2 million MMBtu per year and avoiding roughly 63,700 metric tons of CO2 annually. This marks Neogenyx's entry into agricultural RNG, expanding beyond its existing portfolio and aligning with the company's recent $1.8 billion in Q2 project awards. The partnership with Adams Land & Cattle provides a feedstock supply and positions the company in the growing low-carbon fuel market, including potential Bio-LNG for maritime shipping. The stock moved modestly on the news, up 15 cents to $27.76, reflecting incremental positive sentiment.
At the time of this announcement, AMRC was trading at $27.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $18.38 to $44.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BayStreet.