In California, Amyris announced net income of $16.4M on revenues of $6.2M for Q1 2014, after reporting a $32.6M loss in Q1 2013 on revenues of $9.0M. The change in net income was primary due to a non-cash benefit relating to outstanding convertible notes, a result of a decrease in the Company’s stock price at […]
Santa Claus rallies typically occur between Christmas and New Year’s. But industrial biotech’s rally came early this year. Who is up, and why? The Digest investigates. If you’ve been following The Digest’s Equity Index in recent weeks, you’ll note that it has rallied just on 8 percent in the past two weeks, after hitting a […]
In California and Colorado, Cowen & Co’s Rob Stone and James Medvedeff write that “AMRS is back in production and could be shipping to multiple partners by year end. GEVO expects to complete a phased re-start at Luverne by year end.” At Amyris, the analysts noted that the plant at Brotas (formerly Paraiso) “began shipping […]
Amyris earnings. In California, Amyris reported revenues for Q1 2013 of $7.9 million, and a net loss of $32.6 million ($0.44 per share) compared to a loss of $94.5 million ($1.88 per share) in the comparable quarter of 2012. The Company’s balance of cash, cash equivalents and marketable securities at the end of the first […]
In New York, renewable fuels equities surged on Friday after the EPA issued its proposed 2013 Renewable Fuel Standard mandates – including boosts for corn ethanol, biomass-based diesel and cellulosic biofuels. The Biofuels Digest Index, a basket of public biofuels stocks, jumped 2.07 percent to an 9-month high of 70.09 as shares in Solazyme, Renewable […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 1.33 percent to 61.89 as advanced biofuels and enzyme stocks gained. For the day, Novozymes (NZMB) surged 5.52 percent to $26.38 on a good earnings report, while Amyris (AMRS) dropped 3.46 percent to $3.91. Among other equities, Renewable Energy Group (REGI) rallied another […]
Is evidence mounting that advanced biofuels companies need to tout their defensive schemes as much as their offense? Markets jitters suggest so. Kevin Quon wrote recently in Seeking Alpha, “the most essential attribute to the fuels market is the ability to scale the technology to the desired level needed.” Well put. In biofuels terms, that’s […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged down 0.25 percent to 70.56 despite strong ethanol gains. For the day, Pacific Ethanol (PEIX) soared 20.00 percent to $1.02, while Amyris (AMRS) plummeted 7.65 percent to $3.02. Among other equities, Syntroleum (SYNM) jumped 10.84 percent to $0.92. Overall, advances led declines 8 […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slumped 1.85 percent to 71.25 as biofuels struggled again sector-wide. For the day, Solazyme (SZYM) dumped 8.85 percent to $12.46, while Amyris (AMRS) lost 4.15 percent to $3.30. Among other equities, Pacific Ethanol (PEIX) shed 10.28 percent to $0.96. Overall, declines led advances 5 […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slumped 2.18 percent to 72.59 as biofuels struggled sector-wide. For the day, Solazyme (SZYM) dumped 8.56 percent to $13.67 , while Amyris (AMRS) lost 4.93 percent to $3.86. Among other equities, Mission NewEnergy (MNEL) fell 6.67 percent to $0.42. Overall, declines led advances 7 […]
