Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Treated as a utility. None of the usual models had enough data, so this uses Net asset value and Net cash floor instead.
ACCE opinionVerde Clean Fuels Inc. Class A Common Stock (VGAS)
Fair value
Not available
ACCE price target
$0.78
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $1.00 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net asset value and Net cash floor.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
20
out of 100
1-year return
-69.5%
Dividend yield
0.00%
Verde Clean Fuels Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Verde Clean Fuels is a development-stage company building a facility to convert waste carbon and renewable hydrogen into gasoline and other fuels, with the goal of selling low-carbon fuel credits alongside the product. The company is pre-revenue, so there is no meaningful margin or growth history to judge, and the reported ROE of -21.9% reflects ongoing losses against a thin equity base. The thesis rests entirely on whether the project reaches commercial operation and secures offtake and credit economics that support a $45M market cap, which makes it a speculative binary rather than a cash-generating utility. The 20/100 internal score reflects that risk profile, and it is not a reason to dismiss the name, but it is a reason to require a deep look at project financing, timeline, and dilution before any position is considered.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Insider-controlled, thin float
Insiders hold 87.6% of shares and institutions 5.5%, leaving little free float. Reported insider buys total $50.00M with no sales, but the stock still sits at $1.00 with a $45M market cap.
high
Cash burn against tiny market cap
Free cash flow is -$16,574,000 while market cap is $45M, so annual burn equals roughly 37% of the company's market value. Revenue is flat at 0.0% YoY and margins are zero.
high
Price above ACCE price target
The stock trades 28.2% above the ACCE price target of $0.78 (last updated 2026-10-14), a gap that does not reflect the negative ROE of -21.9% and cash outflows.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Debt to equity sits at 0.01, so the company carries almost no borrowed money against its equity.
The share price of $1.00 leaves little room for the stock to fall much further in absolute dollars.
Return on equity of -21.9% and return on invested capital of -38.6% show losses are shrinking against the capital base only if the company turns profitable.
Why it could disappoint
Revenue growth was 0.0% year over year, so the business is not yet growing its sales at all.
Free cash flow over the last 12 months was -$17M, meaning the company is burning cash rather than generating it.
The diluted share count rose 183.9% in the last fiscal year, heavily diluting existing shareholders' stakes.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 12, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where VGAS's valuation models land
Price
$1.00
Model fair valueConfidence: low
about $0.91
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Fair value
Upside
Net asset value
Net cash floor
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Wall Street consensus
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