Biofuel Energy (BIOF) reported terrific growth and reached a milestone in its latest quarter last night and traders are bidding up the stock more than 14% today on the news. The company reported an EPS of .21/share on revenue of $120 million. It’s the company’s first profitable quarter and a big improvement over the year ago period when they reported a loss of .43/share.
An impressive quarter, but CEO Scott Pearce warned that contractions in … Read the rest
Rentech (RTK) is on a roll. The stock is up another 25% in premarket trading after announcing this morning that they have signed a multi year deal with eight airlines to supply up to 1.5 gallons/year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at the LA Airport (LAX) beginning in about two years
D. Hunt Ramsbottom, CEO of Rentech, said, “This commercial purchase contract among Rentech, ASIG and the airlines validates the … Read the rest
By Sam Hopkins
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The global clean energy puzzle has more than one piece. . .
So today, let’s take a look at the pivotal pros and cons of renewable energy investing in different regions of the world.
As we check out the challenges as well as the opportunities in each place, we gain a more integrated view, and our investment choices can be honed.
North America
Pro: … Read the rest
A-Power Energy (APWR) has vaulted about 15% in just the past 20 minutes on news it has signed contracts totaling $75 million with subsidiaries of Anhui Wenergy to build micro grid electricity generation systems using biomass as the fuel. APWR will design, assemble, install, test and deliver two 30 MW biomass fueled electricity generation systems which are expected to be completed by Aug 2010.
“We are extremely excited to become the sole provider for Wenergy’s … Read the rest
Darling International (DAR), recycler extraordinaire of fryer grease for biofuels, reported strong results after the bell today but missed on EPS. They reported .28/share which was 1 cent shy of analyst estimates but still an 87% increase over the year ago quarter. Revenues came in strong as well, up 37% over the year ago quarter to 236.2 million.
CEO, Randall Stuewe, said, “We are proud of the exceptional results our team delivered for third quarter. … Read the rest
According to StreetInsider.com, Biofuel Energy (BIOF) has announced that it had realized approximately 26.1 million in losses resulting from closing out various corn, ethanol and nat gas hedges and has an additional 20 million in unrealized paper losses at current prices.
The Company put the corn and natural gas hedges in place to minimize the impact of rising prices. However, the plummet in the corn market exposed them to large unrealized losses under its … Read the rest
The Canadian government has agreed to give Suncor Energy’s (SU) St. Clair Ethanol Plant a $25 million investment to double its current production according to sustainablebusiness.com. The plant should be completed by the end of 2009 and has received equity investment from farmers totaling $12.5 million.
This will be the fourth biofuel plant funded under Canada’s ecoABC initiative. "The Government of Canada is investing a total of $2.2 billion over nine years toward … Read the rest