Posts Tagged ‘alternative energy’

BioFuel Energy Corp. (BIOF) – Buzz Stock of the Day

Wednesday, January 26th, 2011

Shares of ethanol company BioFuel Energy Corp. (Nasdaq: BIOF) was up as much as 25 percent from Tuesday’s closing price in morning trading on Wednesday.

Shares of BIOF traded as high as $1.30 per share, up from Tuesday’s close of $1.05.

Ethanol companies caught a boost late last week after it was announced that the Thursday, the EPA approved the use of up to 15% ethanol in gasoline (E15) in vehicles produced from 2001 until 2006.  Previously, the maximum gasoline blend was 10 percent ethanol.

Although it may not have an immediate impact  the EPA nod is definitely a positive sign for the industry and companies like BioFuel Energy Corp., which engages in the production and sale of ethanol and its co-products primarily in the United States. The Denver-based company has two ethanol plants that produce 115 million gallons of ethanol per year that arelocated in Wood River, Nebraska and Fairmont, Minnesota. BioFuel Energy sells its products to its third party marketer and distributor.

For the three months ended September 30, 2010, BioFuel Energy Corp. reported net sales of $114.7 million, up 4 percent form net sales of $91.1 million reported for the same quarter a year earlier.

Shares of BioFuel Energy Corp. are down approximately 78 percent over the past three months.

Carbon Sciences, Inc. (CABN) – Penny Buzz Stock of the Day

Tuesday, June 8th, 2010

Shares of alternative energy solutions provider, Carbon Sciences, Inc. were up more than 70 percent in morning trading on Tuesday.

Carbon Sciences announced on Monday that it filed the first of a series of patent applications for its clean-tech CO2 based Gas to Liquids (GTL) fuel technology for transforming a combination of natural gas and carbon dioxide (CO2) directly into gasoline. This first patent application discloses the design and manufacturing of a novel chemical catalyst that converts methane gas and carbon dioxide gas (CO2) directly into gasoline. These greenhouse gases can be sourced from natural gas fields or human made coal-fired power plants, landfill gas, municipal waste, and algae.


“This heralds a new era for Carbon Sciences and means that our plan for delivering a market-ready technology could be delivered as soon as next year,” said Byron Elton, CEO of Carbon Sciences in a statement. “The ongoing tragic events involving BP’s unchecked flow of oil into the Gulf of Mexico further underscores the urgent need to reduce and eliminate our addiction to petroleum, foreign and domestic. Carbon Sciences’ breakthrough technology takes us closer to a world without petroleum by essentially transforming pollution into energy.”

Shares were trading as high as $0.12 in morning trading on Tuesday, up 71 percent from Monday’s closing price of $0.07 per share.

GreenHunter Energy Inc. (GRH) – Buzz Stock of the Day

Friday, August 14th, 2009

Shares of GreenHunter Energy, Inc.(NYSE amex: GRH) climbed more than 75 percent in morning trading Friday after the company reported improved second quarter results.

Including one-time items, GreenHunter reported earnings of $4.45 million, or $0.13 per-share on revenue of $1.7 million, compared to a net loss of $7.3 million in the same period a year ago. Excluding items, the company’s second quarter

“Our ability to negotiate the final settlement of substantial insurance claims as well as sell and monetize certain non-core assets has to-date provided sufficient working capital to keep our Company viable,” said GreenHunter’s chairman, president and CEO, Gary Evans.

For the six months ended June 30, 2009, GreenHunter reported a net loss of $4.3 million, or $0.20 per share, compared to a net loss of $15.6 million, or $0.79 per share for the six months ended June 30, 2008.

“Our Company has been in survival mode since late last year after the hurricane strike on our largest asset, our Houston biodiesel refinery, and the subsequent collapse of the financial markets,” Evans said in a statement.

The past 12 months have been turbulent for the Texas-based energy company. Last September, Hurricane Ike destroyed the company’s largest biodiesel refinery less than 60-days after it initiated operations. Falling fossil fuel prices have also weighed on the company’s revenue growth from the sales of its biodiesel products.

Despite the difficult market climate and recent setbacks, Evans was optimistic about GreenHunter’s current game plan and market opportunities. “We feel that we are methodically working through our very tight capital issues with a specific game plan that should allow for future opportunities within the renewable space,” he said.

GreenHunter Energy, Inc. works on wind, hydropower, geothermal solar and other renewable energy projects. It has the nation’s largest biodiesel refinery in Houston and a biomass-fired power plant in Brawley, Calif.

Buzz Stock of the Day- Broadwind Energy (BWEN)

Friday, June 26th, 2009

Shares of Broadwind Energy, Inc. (Nasdaq: BWEN) were up more than 35 percent today.

Earlier this week, the Naperville-based wind energy company announced a realignment of its management team to advance its business development, international and technology efforts.

“Our new management structure provides the framework for pursuing international business opportunities so that we can better serve our customers, enhance our supply chain and develop additional synergies among our subsidiary companies,” said CEO J. Cameron Drecoll in a statement.

Among the recent changes were the appointment of former Chief Operations Officer, Lars Moller to President, Technology and International, a position in which he will focus his efforts on Broadwind Energy’s technology leadership and international expansion; Jess Collins who was named Group President for three Broadwind subsidiary companies – Tower Tech Systems, RBA and Badger Transport; and Don Naab, who has been named Group President for Broadwind’s Brad Foote Gear Works and EMS subsidiary companies.

Despite a first quarter net loss of $7.2 million, or 7 cents a share, Broadwind reported revenue of $53.1 million, up 51 percent over the same period last year.

A recent article stated that Broadwind, which is a maker of turbine gearing, stands to see substantial growth if the sector finds the legs so many politicians pushing.

Shares of BWEN are up more than 200 percent in the past three months.

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