Why XCF Global stock is moving today: SAFX rises after Bank of America mandate, Soule discloses 49.6% stake

Shares of XCF Global were up about 11.5% in premarket trading on Wednesday after the sustainable aviation fuel maker said it was weighing funding options for a second plant in Nevada. The company has pegged the New Rise Reno 2 build at roughly $300 million, with an output jump that could double capacity to about 80 million gallons a year.