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 that the loss was much less than the $2.65/share loss they reported in the year ago quarter. The stock is off about 5% in after hours trading.
Technically, there is quite a bit of support around the 3.15 level where I’d expect VRNM to test again at some point. After this awful report, it may do so soon.