XCF Global shares rose 32.50% to $0.18 in Monday's premarket trading, according to Benzinga Pro data. The increase followed the renewable fuel producer's merger completion and higher 2027 financial outlook. XCF Global's session volume reached 87.20 million shares, approximately 22.7 times the 100-day average of 3.84 million shares.
XCF announced on Friday that the company completed an all-stock business combination with Southern Energy Renewables and DevvStream. Southern Energy Renewables and DevvStream now operate as wholly owned subsidiaries of XCF. Former Southern shareholders own approximately 20% of XCF following the merger. Former DevvStream shareholders hold about 10.43% of XCF. Chad Langley, John Wharton and Carl Stanton joined XCF's board of directors as part of the transaction. Carter McCain stepped down from the board.
The deal combines renewable fuel production, biomass conversion technology and carbon credit management under one platform. Southern adds gasification technology designed to convert lower-cost biomass into fuel. DevvStream brings expertise in monetizing carbon credits, renewable fuel incentives and other environmental assets. XCF CEO Chris Cooper said the combination expands XCF's renewable fuel capabilities. Cooper said the combination supports XCF's strategy to improve energy security and develop new uses for agricultural waste.
XCF now targets 2027 gross product sales of $650 million to $700 million. XCF targets 2027 net revenue of $120 million to $130 million. XCF targets 2027 EBITDA of $70 million to $75 million. XCF outlined a 2030 target exceeding $1.4 billion in annual gross product sales. XCF's 2030 net revenue target exceeds $400 million. XCF's 2030 EBITDA target exceeds $300 million.
Cooper addressed XCF's recent stock decline in a separate shareholder update on Friday and outlined progress at the Reno renewable fuel facility. XCF reported more than $10 million in August revenue at the facility. XCF reported over $12 million in September gross product sales at the facility. Daily production reached approximately 85,000 gallons by the end of September. The Reno facility has a permitted annual production capacity of 38 million to 40 million gallons.
Despite the operational improvements, Cooper acknowledged that XCF must translate production growth into sustainable profitability and stronger financial performance. Cooper emphasized disciplined capital allocation, responsible management of XCF's capital structure and measurable operating results as key priorities. XCF expects expanding low-carbon fuel programs across U.S. states to support demand for renewable fuels.
XCF Global Stock Surges 32.5% Pre-Market After Merger and 2027 Outlook
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Summary
XCF Global (NASDAQ:SAFX) shares jumped 32.50% to $0.18 in premarket trading after finalizing the merger with Southern Energy Renewables and DevvStream. The company boosted its 2027 gross product sales target to $650 million to $700 million. Southern Energy and DevvStream are now wholly owned, with prior shareholders holding 20% and 10.43% of XCF. The deal merges biomass tech, renewable fuels, and carbon credit management. XCF also set 2030 goals of over $1.4 billion in annual sales and $400 million in net revenue. The sharp move pushes the fear and greed index higher, with the market outlook showing renewed bullish momentum.
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