Posts Tagged ‘alternative energy stocks’

Pacific Ethanol, Inc. (PEIX) reports record net sales in Q3

Monday, October 31st, 2011

Shares of renewable fuel producer Pacific Ethanol, Inc. (Nasdaq: PEIX) were up as much as 26 percent from Friday’s closing price in morning trading on Monday.

Last week, the Sacramento-based company PEIX announced record net sales for the third quarter. Sales grew to $271.6 million for the third quarter of 2011, up from net sales of $46 million a year ago. Net income in Q3 soared to $4 million, compared to a net loss of $12.9 million for the third quarter a year ago, which included a loss on the company’s investment in Front Range Energy, LLC of $12.1 million.

For the nine months ended September 30, 2011, net sales were $659.4 million, compared to $194.1 million in the same period in 2010. For the nine months ended September 30, 2011, net income available to common stockholders was $4.2 million, compared to $83.2 million in the same period in 2010, which included a non-cash gain from bankruptcy exit of $119.4 million and a loss on the company’s investment in Front Range Energy, LLC of $12.1 million.

“In the third quarter, we again delivered record net sales and total gallons sold driven by the continued execution of our diversified business strategy,” said Pacific Ethanol, Inc.’s president and CEO Neil Koehler in an October 26 press release. “We recorded the ninth consecutive quarter of growth in total gallons sold, bringing our compound annual growth rate to 75 percent over that period. Most importantly, we generated strong operating income and achieved profitability during the quarter.”

Shares of Pacific Ethanol PEIX are down about 38 percent over the past three months.

Clean Energy Fuels Corp. (CLNE) leaps on investment from Chesapeake Energy Corp

Wednesday, July 13th, 2011

Shares of Clean Energy Fuels Corp. (Nasdaq: CLNE) rose 11.9% to $16.88. The stock got a lift after Chesapeake Energy Corp. (NYSE: CHK) said Tuesday it would invest $150 million over three years to fund the development of liquefied natural-gas truck-fueling stations. Volume for Clean Energy stock was 7.7 million shares, or better than five times its daily average.

Moreover, Bank of America Merrill Lynch analysts upgraded Clean Energy to buy from underperform. A release issued Tuesday stated that the investment is dedicated to help fund the development of approximately 150 LNG truck fueling stations at strategic truck-stop locations along major trucking corridors to form the backbone of “America’s Natural Gas Highway.”

Chesapeake is the sole investor in the transaction, and will make the investment in Clean Energy through its newly formed, wholly owned subsidiary, Chesapeake NG Ventures Corporation (CNGV).

“With the advent of new natural gas truck engines well-suited for heavy-duty, over-the-road trucking, it is time to build America’s Natural Gas Highway,” said Andrew J. Littlefair, President and CEO of Clean Energy in the same release. “The investment by Chesapeake will help us accelerate the development of this important fueling network.”

Based in Seal Beach, California, Clean Energy is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market.

KNSC climbs, HLWX active, STDR swoons

Monday, March 21st, 2011

Kenergy Scientific Inc. (OTCBB: KNSC) saw its price double Monday morning to two-100ths of a cent, on volume of 51.3 million shares, better than doubling a daily average of 21.3 million. The Flemington, New Jersey-based KNSC was once known as SpeechSwitch Inc.

Helix Wind Corp. (OTCBB: HLXW) was a volume leader among micro-caps early Monday afternoon, dealing in 65.8 million shares, just shy of a daily average of 71.9 million. Share prices for HLWX boosted 11.1% to one-10th of a cent. The Poway, California-based company is into renewable energy.

Standard Drilling Inc. (OTCBB: STDR) saw its shares go south 50% to half a cent Monday, on volume of 41,000 or double its normal share volume.

ARSC jumps, ELCR fires on all cylinders, GNTA falls

Monday, March 21st, 2011

American Security Resources Corp. (OTCBB: ARSC) flew out of the blocks Monday, doubling in price to two-100ths of a cent, on volume of 125 million shares, outdistancing its daily average of 72 million.

Electric Car Company Inc. (OTCBB: ELCR) revved up a lot of investors Monday, trading in 22 million, still quite a ways from its daily volume of 126.4 million. The stock’s price was flat, at however, at one-100th of a cent. The Missouri-based ELCR is a vehicle conversion company that specializes in electric conversions and manufacturing for the livery, fleet and private specialty markets.

Genta Inc. (OTCBB: GNTA) slumped in price 86.8% to 4.3 cents. Volume was 3.5 million shares, nearly quadruple its daily average. The New Jersey-based GNTA is a biopharmaceutical company with a diversified product portfolio that is focused on delivering innovative products for the treatment of patients with cancer.

CRBN in orbit, HLWX catches winning wind, FEEL shoots bogey

Thursday, February 10th, 2011

Counsel RB Capital Inc. (OTCBB: CRBN) flew 284.6% Thursday to transport its price to 50 cents. Volume was just below 28,000 shares, or more than nine times what it usually trades. The former C2 Global Technologies is a leader in capital asset solutions – finding, acquiring and monetizing distressed and surplus capital assets.

Helix Wind Corp. (OTCBB: HLXW) traded in 161.9 million shares Thursday, compared to a daily average of 49.5 million. Share prices climbed 33.3% to eight-100ths of a cent. Poway, Calif.-based HLWX is a renewable energy company.

Feel Golf Co. Inc. (Pink Sheets: FEEL) got trounced 11.5% Thursday to 23-100ths of a cent, on volume of 20.4 million, or better than four times its volume average. Monterrey, Calif-based FEEL is well-known for its award-winning wedges, premium golf clubs and innovative, reverse taper golf grips.