KiOR claims that its gasoline is the first renewable cellulosic gasoline that the EPA has registered for sale in the United States. What is interesting is that this stock has been brutalized along with alternative energy and with lower oil prices. After coming public in mid-2011, the shares eventually peaked above $20 last fall but are now down under $8 today.
The company’s CEO Fred Cannon said, “With this registration, KiOR’s breakthrough cellulosic gasoline will be fueling cars of American consumers this year, providing a truly renewable fuel option that uses only sustainable non-food feedstock, reduces greenhouse gases, creates American jobs, and reduces our dependence on imported oil.”
KiOR shares are up 4% at $7.62 on the news and the 52-week trading range is $6.34 to $23.85.
JON C. OGG
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks