Regan Brown
Taronis Fuels Inc. is a renewable fuel and power generation company that manufactures, sells, and distributes MagneGas, a metal cutting fuel. It also operates 28 industrial gas retail locations across California, Texas, Louisiana, and Florida. Taronis Fuels was founded in 2017 and is headquartered in Peoria, Arizona. The company currently has 151 employees and was acquired by Meritus Gas Partners on February 10, 2023, for $42.1 million. On November 11, 2022, Taronis Fuels filed for bankruptcy, and its stock price is currently listed as $0.00. In this paragraph, we will explore the factors that contribute to the valuation of Taronis Fuel's stocks and provide an estimate of their worth.
| Characteristics | Values |
|---|---|
| Stock ticker symbol | TRNFQ |
| Stock Exchange | OTC Markets |
| Industry | Energy Production |
| Founded | 2017 |
| Headquarters | Peoria, Arizona |
| Number of employees | 151 |
| Revenue | N/A |
| Amount raised | $42.1M |
| Date of Chapter 11 liquidation | August 19, 2024 |
| Parent company | Taronis Technologies |
| Common stock | Not publicly traded |
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What You'll Learn
Taronis Fuels Inc stock price today
Taronis Fuels Inc. is a renewable fuel and power generation company founded in 2017 and headquartered in Peoria, Arizona. It manufactures, sells, and distributes MagneGas, a metal-cutting fuel, and other industrial gases and welding equipment to a range of industries. The company also provides renewable solutions for global fuel and water constraints.
On November 11, 2022, Taronis Fuels Inc. filed for voluntary reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The plan was approved for Chapter 11 liquidation on August 19, 2024.
The stock ticker symbol for Taronis Fuels Inc. is TRNFQ, and it trades on the OTC Markets stock exchange. The Taronis Fuels Inc. stock price as of today is 0.00.
Determining whether Taronis Fuels Inc. stock is a good buy requires a comprehensive analysis of various factors. Investors can assess the current share price, fair value, historical data, charts, news, and other essential metrics to make an informed decision. The bid-ask spread, which indicates the stock's liquidity, is also essential to consider when evaluating the potential of the stock.
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Taronis Fuels' bankruptcy filing
On November 11, 2022, Taronis Fuels, Inc., a company that manufactures and distributes industrial gases, medical gases, welding equipment, and other products, filed for bankruptcy. The company and its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Taronis Fuels is a renewable fuel and power generation company that was founded in 2017 and is headquartered in Peoria, Arizona. The company provides solutions for global fuel and water constraints, enabling the conversion of hydrocarbon-based renewable feedstocks into fossil fuel substitutes.
The bankruptcy filing was approved as a Chapter 11 liquidation on August 19, 2024. As part of the bankruptcy proceedings, there were several key dates scheduled, including a hearing on November 15, 2022, an omnibus hearing on December 9, 2022, a bid deadline of January 17, 2023, and a sale hearing on January 30, 2023.
Following the bankruptcy filing, Capstone Partners' Special Situations Investment Banking (SSIB) Group advised on the sale of Taronis Fuels' assets to Meritus Gas Partners, an AEA Investors portfolio company. The sale was completed under §363 of the US Bankruptcy Code, with Meritus Gas Partners acquiring Taronis Fuels' manufacturing and distribution capabilities, customer base, and expertise in the industrial gas industry.
As of January 24, 2025, the Taronis Fuels Inc stock price is listed as $0.00 on the OTC Markets stock exchange, where its stock ticker symbol is TRNFQ.
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MagneGas and other products
MagneGas, a metal cutting fuel, was the original product of MagneGas Corporation, which was founded in 2017 and is headquartered in Peoria, Arizona. MagneGas2®, an improved version of MagneGas®, was launched in July 2014, and the latter was discontinued in March 2015. MagneGas2® is primarily made of hydrogen and is used in the metalworking industry. MagneGas Corporation also sells equipment known as MagneTote, which is used in the firefighting industry, and Plasma Arc Flow® refineries, which are machines that produce MagneGas2®.
MagneGas Corporation also sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI). The company has 17 locations across California, Texas, Louisiana, and Florida, and distributes its proprietary metal cutting fuel through independent distributors in the U.S. and its wholly-owned distributors, including ESSI, Green Arc Supply, Paris Oxygen, Latex Welding Supplies, Tyler Welders Supply, and others.
In addition to its fuel products, MagneGas Corporation has developed a patented technology for decontaminating wastewater. This technology can sterilize water, eliminating pathogens, antibiotics, hormones, and other soluble drugs. The company also has a new generation of mobile systems for sterilizing manures and sewage waste, including a 50kw Venturi System.
In February 2019, MagneGas Corporation rebranded as Taronis Technologies, Inc. ("Taronis"), a leading clean technology company in the renewable resources and environmental conservation industry. Taronis is developing a range of end-market uses for its fuels, including replacement products for propane, compressed natural gas, and liquid natural gas.
Taronis Fuels, Inc. stock is traded on the OTC Markets stock exchange under the symbol TRNFQ. On November 11, 2022, the company filed for voluntary reorganization under Chapter 11, which was approved as Chapter 11 liquidation on August 19, 2024.
Determining whether Taronis Fuels, Inc. stock is a good buy requires a comprehensive analysis of various factors and valuation models. While the current stock price is given as $0.00, this may not be indicative of the true price, which can be estimated using models like discounted cash flow, peer valuation multiples, and dividend discount models.
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Taronis Fuels' stock ticker
Taronis Fuels Inc. is a renewable fuel and power generation company based in the United States. It manufactures, sells, and distributes MagneGas, a metal cutting fuel, as well as industrial gases and welding equipment. The company was founded in 2017 and is headquartered in Peoria, Arizona. It operates 28 industrial gas retail locations.
The stock ticker symbol for Taronis Fuels Inc. is TRNFQ, though some sources also list it as TRNF. The stock exchange that Taronis Fuels Inc. trades on is the OTC Markets stock exchange.
On November 11, 2022, Taronis Fuels, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The plan was approved for Chapter 11 liquidation on August 19, 2024.
Determining whether Taronis Fuels Inc. stock is a good buy requires comprehensive analysis. Investors can assess the current share price compared to the fair value and other essential metrics, such as valuation models like discounted cash flow, peer valuation multiples, and dividend discount models.
It is important to note that trading in financial instruments carries risks, including the possibility of losing some or all of your investment. Prices can be volatile and influenced by various factors, so investors should be fully informed of the risks and carefully consider their investment objectives and level of experience before making any decisions.
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$12.99 $13.99
Taronis Fuels' stock price analysis
Taronis Fuels Inc. is a renewable fuel and power generation company that was founded in 2017 and is headquartered in Peoria, Arizona. The company manufactures, sells, and distributes MagneGas, a metal cutting fuel, and other industrial gases and welding equipment to a range of industries. Taronis Fuels operates 28 industrial gas retail locations across California, Texas, Louisiana, and Florida.
The stock ticker symbol for Taronis Fuels is TRNFQ, and it is listed on the OTC Markets stock exchange. On November 11, 2022, the company filed for reorganization under Chapter 11, which was approved as Chapter 11 liquidation on August 19, 2024.
As of June 2, 2025, the Taronis Fuels Inc. stock price is $0.00. However, it is important to note that Taronis Fuels common stock is not publicly traded, and there is currently no public market for its common stock. The company intends to apply for its common stock to be listed on the NYSE American exchange under the symbol "TRNF", but there is no assurance that this will be approved.
To evaluate the potential of investing in Taronis Fuels, comprehensive analysis is required. Investors can consider the company's current share price compared to its fair value and other essential metrics, such as valuation models like discounted cash flow, peer valuation multiples, and dividend discount models. Additionally, assessing the company's financial position involves analyzing its market value, financial ratios, industry benchmarks, and competitors.
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Frequently asked questions
The stock ticker symbol for Taronis Fuels Inc is TRNFQ.
Determining whether Taronis Fuels Inc. stock is a good buy requires comprehensive analysis. Investors can assess the current Taronis Fuels Inc. share price compared to its fair value and other essential metrics.
The current stock price of Taronis Fuels Inc. is not available. However, investors can monitor the real-time stock price and stay updated with the latest movements.
Taronis Fuels Inc. common stock is not publicly traded, and there is currently no public market for its common stock. The company intends to apply for listing on the NYSE American exchange under the symbol "TRNF," but there is no assurance that its common stock will be listed or quoted on any exchange.
