Tag Archives: earnings
Drax First Half Earnings Down Amid Heavy Biomass Investment
30 July 2013 Drax: continued invetment in biomass Drax Power’s earnings have fallen in line with expectations as it continued to invest heavily in biomass and carbon costs ramped up in the first half of 2013. The coal generator on Tuesday reported underlying earnings of £120 million in the six months ending 30 June 2013, down 22 per cent on the previous year. It invested £138 million in its capital programme, including £106 million in biomass. The first of three units to be switched from coal to run on biomass went live in April and is said to be performing to plan. Dorothy Thompson, chief executive of Drax, said: “We are investing significant capital this year and next to transform our business, with earnings during this period impacted by the increasing costs of carbon. However, as we move beyond this investment phase and replace substantial quantities of coal with sustainable biomass, we are confident that we will deliver attractive returns for our shareholders.” The company is considering whether it is attractive to convert further units with support from the contracts for difference being brought in through the government’s Energy Bill, she added. It is also looking at the opportunity for its coal generation to participate in the planned capacity market. The converted biomass unit has proven able to generate 585MW, around 10 per cent less than each coal burner. It has been available 76 per cent of the time since it started, which the company is confident will rise to 80 per cent on average for 2013. The load factor was lower, at 57 per cent, attributed to temporary fuel constraints. Drax is also investing to build up the biomass supply chain and construction has started at US pellet plants to prepare fuel for import to the UK. Haven Power, the company’s retail arm, is expanding. It increased sales 67 per cent to £323 million, or 3.7TWh, winning big customers including Muller and Santander. Drax aims to sell 12-15TWh through Haven in 2015. Source: Utility Week Continue reading
Green Investments: Biofuel Stocks to Watch
Posted: 04/17/13 By: Freda Ding RESEARCH THESE STOCKS ON KAPITALL’S PLAYGROUND NOW RESEARCH NOW Biofuel is an alternative fuel source, whether solid, liquid, or gas, which is derived from biomass. Biofuel converts the sugars and starches from sugarcane, corn, barley, canola and other high-cellulose plants into ethanol. Also, that slimy algae has made major headway in becoming a great renewable source of energy. The resulting “fuel” products include bioethanol, biodiesel, gases, and even solid forms of biofuel. Extracting energy from these familiar substances requires its own technology, processing, marketing, and distribution. We’ve compiled a list of companies that provide services in bioscience that develop fuel alternatives, process and commercialize renewable fuel products. List of biofuel stocks: Analyze These Ideas: Getting Started Read descriptions for all companies mentioned Access a performance overview for all stocks in the list Real-Time Opinion: Scan the latest tweets about these companies (feed will open in a new window) https://www.kapitall…bol=AMRS&size=2 1. Amyris, Inc. ( AMRS , Earnings , Analysts , Financials ): Amyris, Inc., an integrated renewable products company, offers renewable compounds for a variety of markets. Market cap at $209.82M, most recent closing price at $2.84. https://www.kapitall…bol=ANDE&size=2 2. The Andersons, Inc. ( ANDE , Earnings , Analysts , Financials ): Engages in the agriculture and transportation businesses in the United States. Market cap at $946.84M, most recent closing price at $50.66. https://www.kapitall…bol=CDXS&size=2 3. Codexis, Inc. ( CDXS , Earnings , Analysts , Financials ): Develops proprietary biocatalysts for pharmaceuticals and biofuels markets. Market cap at $78.3M, most recent closing price at $2.06. https://www.kapitall…bol=GEVO&size=2 4. Gevo, Inc. ( GEVO , Earnings , Analysts , Financials ): Focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Market cap at $77.6M, most recent closing price at $1.89. https://www.kapitall…bol=GPRE&size=2 5. Green Plains Renewable Energy, Inc. ( GPRE , Earnings , Analysts , Financials ): Engages in the production, marketing, and distribution of ethanol and related distillers grains in the United States. Market cap at $312.84M, most recent closing price at $10.39. https://www.kapitall…mbol=GRH&size=2 6. GreenHunter Energy Inc. ( GRH , Earnings , Analysts , Financials ): Engaged in providing water management solutions to oil and gas operators. The company has three business segments: Wind Energy, Water management and Biomass. Market cap at $51.44M, most recent closing price at $1.41. https://www.kapitall…bol=KIOR&size=2 7. KiOR, Inc. ( KIOR , Earnings , Analysts , Financials ): Focuses on operating as a renewable fuels company. Market cap at $418.89M, most recent closing price at $3.96. https://www.kapitall…bol=MBLX&size=2 8. Metabolix, Inc. ( MBLX , Earnings , Analysts , Financials ): Provides environmentally friendly solutions for the plastics, chemicals and energy industries with expertise in microbial genetics, fermentation process engineering, chemical engineering, polymer science, plant genetics and botanical science. Market cap at $50.77M, most recent closing price at $1.38. https://www.kapitall…bol=MEOH&size=2 9. Methanex Corp. ( MEOH , Earnings , Analysts , Financials ): Engages in the production, marketing, and sale of methanol. Market cap at $3.54B, most recent closing price at $37.40. https://www.kapitall…bol=MGPI&size=2 10. MGP Ingredients Inc. ( MGPI , Earnings , Analysts , Financials ): Produces ingredients and distillery products in the United States. Market cap at $85.53M, most recent closing price at $4.77. https://www.kapitall…bol=REGI&size=2 11. Renewable Energy Group, Inc. ( REGI , Earnings , Analysts , Financials ): Market cap at $263.49M, most recent closing price at $8.58. https://www.kapitall…mbol=RTK&size=2 12. Rentech, Inc. ( RTK , Earnings , Analysts , Financials ): Provides alternative and clean energy solutions; and manufactures and sells nitrogen fertilizer products. Market cap at $440.35M, most recent closing price at $1.95. https://www.kapitall…bol=SZYM&size=2 13. Solazyme, Inc. ( SZYM , Earnings , Analysts , Financials ): Engages in the production of renewable oil. Market cap at $457.02M, most recent closing price at $7.40. https://www.kapitall…bol=VRNM&size=2 14. Verenium Corp. ( VRNM , Earnings , Analysts , Financials ): Develops enzymes for use in industrial processes in industries such as animal health and nutrition, ran processing, oilseed processing, oilfield services and processes in pulp/paper/textiles. Market cap at $29.14M, most recent closing price $2.30. – Freda Ding, Rebecca Lipman Dig Deeper: Access Company Snapshots, Charts, Filings Amyris, Inc. ( AMRS , Chart , Download SEC Filings ) The Andersons, Inc. ( ANDE , Chart , Download SEC Filings ) Codexis, Inc. ( CDXS , Chart , Download SEC Filings ) Gevo, Inc. ( GEVO , Chart , Download SEC Filings ) Green Plains Renewable Energy, Inc. ( GPRE , Chart , Download SEC Filings ) GreenHunter Energy Inc. ( GRH , Chart , Download SEC Filings ) KiOR, Inc. ( KIOR , Chart , Download SEC Filings ) Metabolix, Inc. ( MBLX , Chart , Download SEC Filings ) Methanex Corp. ( MEOH , Chart , Download SEC Filings ) MGP Ingredients Inc. ( MGPI , Chart , Download SEC Filings ) Renewable Energy Group, Inc. ( REGI , Chart , Download SEC Filings ) Rentech, Inc. ( RTK , Chart , Download SEC Filings ) Solazyme, Inc. ( SZYM , Chart , Download SEC Filings ) Verenium Corp. ( VRNM , Chart , Download SEC Filings ) Continue reading
