Privately held ethanol maker POET has rejected a US Department of Energy loan of $105 million to help with the expansion of a cellulosic ethanol plant in Iowa. POET, with 27 ethanol…
Equity markets opened mixed this morning, with the DJIA up slightly and the NASDAQ Composite and S&P 500 down slightly. That pattern held throughout the day as last night’s report from Google…
Texas Congressman Pete Olson has introduced legislation to classify ethanol made from coal and natural gas as a renewable fuel. The bill has three Democratic and two Republican co-sponsors. The largest ethanol…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Friday morning. BlackRock Inc. (NYSE: BLK) Cut to Neutral at Citigroup.…
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance for the fourth quarter, projecting a loss of -$0.55 to -$0.80. The…
After 30 years of payments to farmers and blenders, the federal subsidy on corn-based ethanol expired when Congress adjourned last week without taking any action to renew the payments. A cynic might…
In 2007, the U.S. Congress established mandates for the amount of cellulosic ethanol and other biofuels to be used in the nation’s transportation fuel supply. Cellulosic ethanol and fuels based on algae…
Fears for a supply shortage of corn earlier this year led the world’s farmers to plant more of the crop on expectations of higher prices. Now that the crop is in, it…
The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline’s flow direction, pushed…
The markets opened lower this morning and not until mid-afternoon were equities able to put a mark above yesterday’s close. European stocks traded mixed all day, and that coupled with rising crude…
Our series on expected upside in stock prices continues today with a look at the biofuels sector. What you are about to see are numbers that, for the most part, defy gravity.…
Each morning 24/7 Wall St. issues a list of some of the key analyst upgrades, downgrades, and initiations seen from Wall Street research firms. We review these and other calls from the week…
Two major oil refiners have reported third-quarter earnings since the market closed last night. Both posted better-than-expected earnings primarily due to sharply higher refining margins. Western Refining Corp. (NYSE: WNR) reported net…
Stocks opened higher this morning and the gains held up pretty well all day. The Federal Reserve Open Market Committee report contained no big surprises, with interest rates continuing to be held…
These are some of Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. American Water Works Company, Inc. (NYSE: AWK) added to Strong Buy List at Zacks. Bank…
