Tag Archives: avr

Aventine (AVR) And Verenium (VRNM) Face Serious Problems

More bad news for ethanol…Aventine Renewable Energy Holdings, Inc, which produces ethanol from corn, just announced that it is having difficulty making payments to its creditors and that a Chapter 11 bankruptcy may be in the company’s near future, according to a story published by Reuters. According to Reuters, Aventine is taking a by-any-means necessary approach to raising capitol, "including seeking additional debt and equity financing and a potential sale of all or part of … Read the rest

Ethanol Shares Up Based On Talk About Industry Consolidation (AVR, BIOF, PEIX, VRNM)

Rumors of imminent consolidation in the ethanol industry gave some of the industry’s major players a stock market boost on Wednesday. Poet LLC, the biggest fish in the ethanol pond, announced this week that it was considering snapping up some its competitors. Poet isn’t naming any names, but bankrupt VeraSun announced it had received a takeover bid from another unnamed ethanol company.

From MSN MoneyCentral, here’s a brief rundown on how ethanol share prices … Read the rest

Shares Of Top Ethanol Companies (AVR, PEIX, ADM, VSE) Fall With The Rest Of The Market

Forbes.com notes that the general economic malaise is affecting share prices of several of the top ethanol companies. Aventine Renewable Energy Holdings (AVR) plummeted to its lowest share price ever on Monday, bottoming out at $1.93 before climbing slightly to close at $2.10. Pacific Ethanol (PEIX) dropped 15.6% to close at $1.08, while VeraSun (VSE) dropped 12.4% to close at $1.84.

Even agribusiness giant Archer Daniels Midland (ADM) was not immune from the slump, falling … Read the rest

American Technology Research Coverage on Aventine Renewables (AVR), VeraSun (VSE) & Fuel Systems Solutions (FSYS)

American Technology Research Reinstated coverage today on a few alternative energy plays during the trading day today:

* Aventine Renewable (AVR) with a Neutral rating and price target of $3
* VeraSun (VSE) with a Neutral rating and price target of $2.25
* Fuel Systems Solutions (FSYS) get a Buy rating and a price target of $45 (it’s  getting interesting down here, but I’d like to see it come back and test the area around … Read the rest

TheStreet.com: 6 Green Stocks That Could Go to Zero

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. 

The six he highlighted are :

Verasun (VSE), Capstone … Read the rest

UBS Upgrades Ethanol Plays Aventine Renewable Energies (AVR) & Verasun (VSE)

UBS upgraded two ethanol plays this morning – Aventine Renewable Energies (AVR) & VeraSun Energy (VSE) to buy ratings saying the recent drop in corn prices along with healthy ethanol prices have created a positive margin scenario and that legislative support for corn based ethanol will be a positive for ethanol names in the short term

AVR is currently up about 10% and has cleared the 50 day moving average in recent days but remains … Read the rest