There’s a good article over at Fast Company highlighting Verenium (VRNM) which believes its enzymes can replace the corrosive acids currently used in the fracking process to extract natural gas deposits. The fracking process is considerably damaging to the environment with highly corrosive acids getting into groundwater channels. The oil & gas companies didn’t give a damn as long as the profits continued to flow, but as the impact of this destructive behavior comes to … Read the rest
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Green Stocks Ratings Roundup (ENOC, JASO, AONE, VRNM)
Here is a briefing of today’s green stocks ratings via Benzinga
Oppenheimer maintained a Perform rating on EnerNOC (ENOC) after the earnings report came in higher than the firms estimates. However, the firm lowered its 2011 estimate from $.91 to $.79. Shares plummeted after the company issued weak guidance, but held key support around the $25 level today.
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Wells Fargo maintained its Market Perform… Read the rest
Ethanol/Biofuel Stocks Heating Up (PEIX, VRNM, GPRE, BIOF)
In recent weeks the ethanol/biofuel stocks such Pacific Ethanol (PEIX), Verenium (VRNM), Green Plains Renewable Energy (GPRE) and Biofuel Energy (BIOF) are showing quite a bit of momentum. While big initial surges have already taken place, bullish digestion periods in these stocks may soon give way to more gains. Below I’ve provided a video walking through the charts of these stocks.
Green Stocks Ratings – Analysts Bullish On RBCN, VRNM & COMV
A few bullish analyst calls to tell you about this morning.
Yesterday I posted about Verenium’s (VRNM) approval in China for Purifine which sent the stock soaring. The pull back today is offering a 2nd chance opportunity. Shares have pulled back to what is now support around the 200 day moving average.
Olympia Capital chimed in on the news and upgraded the stock from Neutral to Buy and raised the price target from $3 to … Read the rest
Verenium (VRNM) Receives Approval In China For Purifine, Shares Surging
Verenium (VRNM) is moving up about 8% in pre-market trading on news that another one of its edible oils, Purifine, has received China approval for sale as a processing aid in the oilseed production process in order to improve yield. The edible oils market is a $100 billion global market and China’s growth in edible oils just as it is for many industries, is growing at a fast pace. I’m not entirely sure if this … Read the rest
Verenium (VRNM) Licenses Enzyme For Edible Oils To Bunge (BG), Shares Breaking Out
Verenium (VRNM) is breaking out with heavy volume today on news it has licensed a new enzyme for use in the production of edible oil products to Bunge Oils, a subsidiary of Bunge Limited (BG). The enzyme was developed as part of the R&D agreement with Bunge to develop edible oils such as cooking oil, shortening, margarines and other products derived from soybeans and corn.
====> Click Here For Your FREE Daily Verenium Technical Analysis… Read the rest
BP Purchases Verenium’s (VRNM) Cellulosic Biofuel Biz
Shares of Verenium (VRNM) nearly doubled at the open this morning before giving much of it back after it was announced that BP would purchase their cellulosic biofuels business for $98 million which includes facilities in Jennings, LA and San Diego, California. Verenium retains its commercial enzyme business and retains the right to develop its own cellulosic enzyme program, select R&D capabilities and access to select biofuel technology developed by BP.
====> Click Here For … Read the rest
Verenium (VRNM) Misses, Posts Another Big Loss
Verenium (VRNM) is another one of those green stocks that’s probably best left alone. No profits in sight and continuing to trade around all time lows. The company posted another big loss of $1.05 after the bell today which was much steeper than the .33/share loss analysts had expected. Revenues were also light coming in at $13 million vs the analyst estimate of $17.5 million. If there is one bright spot in the quarter, it’s … Read the rest
Verenium (VRNM) Gets $4.9M More From DOE For Demonstration-Scale Facility
Verenium just announced that they have received an additional $4.9M from the U.S. Department of Energy for its demonstration-scale cellulosic ethanol facility in Jennings, LA. The money, an extension of a previously-awarded grant, will be used to improve the biorefining process used at the plant.
In a press release, Carlos A. Riva, President and Chief Executive Officer at Verenium, commented on the news:
“We are very pleased to receive this additional funding from the … Read the rest
World’s Largest Soybean Plant Now Using Verenium’s (VRNM) Purifine Enzyme
Verenium just announced that Molinos Rio de la Plata’s San Lorenzo plant, the largest soybean processing plant in the world, has successfully converted to Verenium’s Purifine enzymatic degumming process.
In a press release, Janet Roemer, Verenium’s Executive Vice President, Specialty Enzymes Business, commented on the news:
“Molinos’ ability to adopt new innovative technologies is what makes them a global leader in the edible oil market,” said “Verenium is pleased to be able to work … Read the rest