Tag Archives: biofuel energy

Biofuel Energy (BIOF) Reports First Profitable Quarter, Shares Surge

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

Government Driven Investing – Carbon Capture & Sequestration & Cellulosic Ethanol Plays: PEIX, GPRE, VRNM, BIOF, PX

The following article is republished with permission from Cabot and written by Andy Obermueller of Government-Driven Investing.

The President’s health care initiative rests on a shelf with little talk in Congress about what’s next for the sweeping overhaul. At the same time, Mr. Obama has re-positioned the chessboard for his climate-control bill, suggesting at a town-hall meeting in Nashua, New Hampshire, last Tuesday that the legislation might need to be split: One bill would contain … Read the rest

Obama Setting Up Biofuels Interagency: GNH, BIOF, PEIX, VRNM, GPRE Explode Higher

Put all ethanol/biofuel stocks on the radar.  Today the Obama administration announced  the creation of the Biofuels Interagency Working Group and announced $786.5 million in Recovery Act funds for renewable fuel projects. 

“We must invest in a clean energy economy that will lead to new jobs, new businesses and reduce our dependence on foreign oil,” said President Obama.  “The steps I am announcing today help bring us closer to that goal.  If we are to … Read the rest

BioFuel (BIOF) Amends Credit Agreement

BioFuel Energy (BIOF) has amended its credit agreement to allow its subsidiaries full access to the  $20 million working capital facility which now appears to allow them sufficient liquidity to complete the commissioning of the ethanol plants in Wood River and Fairmont. .  Previously, the subsidiaries had access to juts $5 million of the working capital.

Shares are currently up 22% but the stock is still mired in a long downtrend. … Read the rest

Pacific Ethanol (PEIX) & BioFuel Energy (BIOF) Get Sell Ratings From Soleil

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