Headquartered in Pekin, IL Fiscal year ends December NASDAQ: ALTO altoingredients.com
Alto Ingredients, Inc. (NASDAQ: ALTO) produces and distributes renewable fuels, essential ingredients and specialty alcohols. It reports three operating segments.
- **Pekin Campus production:** a corn-based campus in Pekin, Illinois, including a dry mill. It sells fuel-grade and specialty alcohol plus essential ingredients such as distillers grains, CO2, corn wet and dry feed, corn oil and germ, syrup, corn meal and yeast.
- **Western production:** includes the Columbia facility. It sells renewable fuel alcohol plus distillers grains, CO2, corn oil and syrup.
- **Marketing and distribution:** sells company-produced and third-party renewable fuel gallons.
The company serves customers in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. Its profitability is driven by ethanol prices, corn and natural gas costs (the crush spread) and premiums on specialty alcohols and co-products. Section 45Z clean fuel production tax credits are an increasingly important earnings source. The company is lowering facility carbon intensity scores, sourcing low carbon intensity corn through farmer cooperative agreements and debottlenecking its Pekin dry mill to expand capacity. Updated
The beat was built on $7.6 million of Section 45Z tax credits that did not exist a year ago, even as gross profit fell and the corn crush margin compressed. Management now guides to at least $20 million of net 45Z credits for 2026, with Pekin debottlenecking capacity arriving by year-end to qualify more gallons.
Alto Ingredients, Inc. (NASDAQ: ALTO) produces and distributes renewable fuels, essential ingredients and specialty alcohols. It reports three operating segments. - **Pekin Campus production:** a corn-based campus in Pekin, Illinois, including a dry mill.
The Wall Street consensus 12-month price target for ALTO is $8.33.