Montauk Renewables, Inc. Common Stock (MNTK)
Montauk Renewables, Inc. is a leading renewable energy company focused on producing renewable natural gas (RNG) from organic waste sources such as landfills and livestock manure. The company develops, owns, and operates infrastructure to convert waste into clean energy, contributing to sustainability and environmental goals. Montauk Renewables aims to provide cost-effective, renewable energy solutions while reducing greenhouse gas emissions.
Company News
PITTSBURGH, May 09, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the first quarter ended March 31, 2024.
U.S. stocks were mixed, with the Dow Jones index gaining around 75 points on Tuesday. Shares of National CineMedia, Inc. (NASDAQ: NCMI) jumped 25.5% to $5.30 after the company posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program. Operating revenue stood at $90.9 million, beating the consensus of ...
Montauk Renewables (MNTK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Fourth-quarter results left a lot to be desired.