US Dominating the Ethanol Race - Pacific Ethanol and BioFuel Energy Poised for Growth
The Bedford Report Provides Equity Research on Pacific Ethanol & BioFuel Energy Corporation
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/16/11 -- Ethanol stocks have been on fire this month as global demand for corn-based biofuel sends exports to all-time highs. Ethanol prices have increased 20 percent the past year as the appetite for biofuels grows and an expiring tax credit has boosted domestic demand. The Bedford Report examines the outlook for companies in the Ethanol Industry and provides investment research on Pacific Ethanol Corporation (NASDAQ: PEIX) & BioFuel Energy Corporation (NASDAQ: BIOF). Access to the full company reports can be found at:
The United States is dominating the ethanol race. Bob Dinneen, president of the Renewable Fuels Association argues that "the world is looking for ethanol and right now the US is going to be the first spot because we have product and it's lower cost than anybody else." Oil giant Canada has imported the most U.S. ethanol this year, about 18,000 barrels a day, followed by Brazil, with 15,000, according to the Energy Department.
Support for ethanol continues to grow as US citizens begin to appreciate the benefits of a strong ethanol sector. Matt Hartwig, chief of staff and communications director for Renewable Fuels Association explains that ethanol "makes gasoline cheaper, air cleaner, there's more money to go around the community and it's good for the economy. We can also back off our dependence on foreign oil, and that will keep our sons and daughters out of harm's way."
The Bedford Report releases regular market updates on the Ethanol Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.
As the US ethanol demand continues to grow, domestic producers -- and their share prices -- are starting to benefit. BioFuel Energy swung to a third quarter profit of $.02 of earnings per diluted share, on revenues of $162.5 million. The company's net income improved by $4.3 million, primarily due to improved yield and other operational efficiencies.
Pacific Ethanol announced all-time high third quarter net sales of $271.6 million. That compared to net sales of $46.0 million in the prior-year period.
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Datum: 16.11.2011 - 13:16 Uhr
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