Sector analysts review amtx stock forecast in relation to U.S. renewable mandates. Favorable regulatory changes could improve net margins by 2-3% over the next annum. Price action remains range-bound, awaiting macroeconomic data releases. Oil refineries are operated by large oil giants such as Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) and smaller companies with isolated business operations. Additionally, the heavy capital expenditure required to set up refineries often requires government involvement or financing of mega oil refining projects. For instance, Indian billionaire Mukesh Ambani and his petrochemical, retail, media, and telecommunications behemoth Reliance Industries Limited (NSE:RELIANCE.NS)'s oil refinery in the Indian state of Gujarat was partly built by a $500 million loan guarantee by the official credit export agency of the United States of America, the Export-Import Bank of the United States. Similarly, the Indian government has allocated $3.6 billion for oil refineries as part of its 23/24 budget. You can track data on $AMTX on Quiver Quantitative . Market watchers consider amtx stock forecast data bullish in medium-term horizons, driven by expanding California LCFS credits. Revenue projections for FY2024 hover around $300M, representing 8% YoY growth. RSI readings at 58 show moderate bullish bias without overbought conditions.