There are few bright spots in the world of green energy these days and while Green Plains Renewable Energy (GPRE) can’t be called a green energy pure play and I’m not a big fan of ethanol, they are profitable and seeing significant growth. So there ya go.. we’ll take the positives in the green energy space when we can get it.
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The company beat … Read the rest
Green Plains Renewable Energy (GPRE) reported results after the bell yesterday that were about inline with what analysts were expecting. The company reported an EPS of .20/share which matched the estimates on revenues of $812 million (a bit above analyst estimate of $789 million). It was likely a strong enough report to keep shares in a technically bullish state (more on this in a bit), but considering the company reported record revenues the drop in … Read the rest
Green Plains Renewable Energy (GPRE) smashed estimates after the bell today posting an EPS of $0.23/share vs the analyst estimate of just .13/share on revenues of $496 million vs the analyst estimate of $433 million. That’s a 5% bump in EPS over the year ago quarter and a 37% surge in revenues. That’s the sixth straight profitable quarter and the company expects to remain profitable next year. Not too shabby for any company especially an … Read the rest
Jefferies is out reiterating its Buy rating on shares of Yingli Green Energy (YGE) and has a $17 price target (more than 60% higher than current levels). The firm views YGE as a top solar player. Shares aren’t moving on the Buy reiteration in pre-market trading.
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Piper Jaffray upgraded shares of Codexis (CDXS) to Overweight from Neutral and raised the price target to $12 from … Read the rest
Green Plains Renewable (GPRE) reported mixed results after the bell today, but it still represented another quarter of big quarter over quarter growth. The company missed the EPS analyst estimate of .36, posting .27, but came in ahead of analyst estimates on the revenue side, posting $453 million vs the estimate of $426 million. If my math is correct that’s an 800% increase in earnings over the year ago quarter and a 60% surge in … Read the rest
Waste not, want not: Green Plains Renewable Energy just announced that they will begin extracting corn oil at its ethanol plants, a project the company expects to supplement its operating income with an additional $15 million to $19 million per year. Green Plains expects to have the technology in place at all of its plants by the first quarter of next year.
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In a press release… Read the rest
Green Plains Renewable Energy just announced that it will break ground on the second phase of its Grower Harvester (TM) algae project within the next two weeks. During Phase II, Green Plains Renewable Energy, working in conjunction with BioProcess Algae LLC, its partner in the Grower Harvester project, will scale the technology to be 20 times greater than the first phase of the project.
In a press release, Todd Becker, President and Chief Executive … Read the rest
Several analyst rating changes today. Analyst notes courtesy of Street Insider.
Upgrades
Ardour Capital upgraded Darling (DAR) from Hold to Accumulate and raised price target to $9.50. Shares up nearly 4% today but still trading below the 200 day moving average. Get a FREE Darling Intl Technical Analysis
Ardour Capital also upgraded Akeena Solar (AKNS) from Hold to Buy and has a $1.25 price target (about 50% higher than the current price) AKNS is … Read the rest
Green Plains Renewable Energy just announced that they will be acquiring agribusiness operations from the Tom Wade family and Farmers Grain of Trenton, LLC.
Under the terms of the agreement, Green Plans Renewable Energy will purchase 5 grain elevators located within a 50-mile radius of Green Plains’ Obion, Tennessee plant. The elevators can store 11.7 million bushels of grain, bringing the company’s total storage capacity to 30.3 million bushels. The company is also acquiring additional … Read the rest
Piper Jaffray has initiated coverage on Green Plains Renewable Energy (GPRE) this morning with an Overweight rating and a price target of $19. Hat tip to Street Insider for the following analyst comment:
“We believe this vertically-integrated ethanol producer is poised to deliver significant earnings growth over the next two years through much-improved ethanol production margins and the potential for highly-accretive M&A activity. The company’s recent capital raise strengthens the balance sheet and positions GPRE … Read the rest