Weiss Ratings Reiterates "Sell (E+)" Rating for Verde Clean Fuels (NASDAQ:VGAS)

Key Points

• Weiss Ratings has reaffirmed its "sell (E+)" rating for Verde Clean Fuels (NASDAQ:VGAS), indicating potential risks for investors.
• Verde Clean Fuels shares rose by 2.1% to $3.35, with trading volume significantly lower than its average.
• Geode Capital Management increased its stake in the company by 12.3%, now owning 0.21% of Verde Clean Fuels stock.

Verde Clean Fuels (NASDAQ:VGAS - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Verde Clean Fuels Stock Up 2.1%

Shares of Verde Clean Fuels stock traded up $0.07 during trading hours on Friday, reaching $3.35. 2,714 shares of the company were exchanged, compared to its average volume of 4,640. Verde Clean Fuels has a 1 year low of $2.50 and a 1 year high of $4.54. The stock's fifty day moving average is $3.02 and its 200 day moving average is $3.21.

Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.07) earnings per share for the quarter.

Institutional Trading of Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC lifted its stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 12.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,441 shares of the company's stock after acquiring an additional 10,335 shares during the quarter. Geode Capital Management LLC owned 0.21% of Verde Clean Fuels worth $325,000 as of its most recent filing with the Securities and Exchange Commission. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

About Verde Clean Fuels

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology.

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