According to StreetInsider.com, Soleil Securities downgraded BioFuel Energy (BIOF) to Sell citing the company’s need for additional debt in order to cover hedging losses and construction costs.
They also reiterated their sell rating on Pacific Ethanol (PEIX) and lowered the price target to 1.50 from 2, saying “the outlook remains weak given the forecasted ehtanol environment and their debt heavy balance sheet. As we are modeling negative margins going forward, we do not anticipate … Read the rest
Pacific Ethanol (PEIX) reported a big loss this morning of .23/share, much larger than the .12/share loss analysts had been expecting as soaring corn prices eroded profits. Revenues came in on the light side as well at 198 million, vs the estimate of 206 million
Shares are down more than 15% this morning and the stock is once again trading below the 50 day moving average.… Read the rest
James Altucher of TheStreet.com posted an article this morning highlighting 6 alternative energy stocks that could go to zero. He likens the green stock mania to the dot com bubble and to some degree he’s right. There is one important lesson in all of this: stick to companies growing rapidly and decreasing debt with strong technical indicators and you won’t get burned. Simple as that.
Pacific Ethanol (PEIX) is about to go online with its 5th ethanol plant in the next two weeks in Stockton California. The plant is on a 30 acre site within the Port of Stockton and has transportation infrastructure that includes barges, rail and highway access. They are expected to begin taking in corn in the next week and begin the grinding process during the week of the 18th of August. … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal