Solazyme, Inc. was a big mover last session, as the company saw its shares increase more than 7% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This price movement is a reversal for this bio-fuel company, as the stock moved down roughly 2% in the past one-month time period.
The company has seen 1 positive revision in the past few weeks and its earnings consensus has moved up over the past two months, suggesting there could be more solid trading down the road for SZYM. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Solazyme currently has a Zacks Rank #3 (Hold) and its Earnings ESP is 0.00%.
Some better performing bio-fuel stocks include Green Plains Renewable Energy, Inc. (GPRE - Free Report) , Renewable Energy Group, Inc. (REGI - Free Report) and Rentech, Inc. . While Green Plains carries a Zacks Rank #1 (Strong Buy), Renewable Energy Group and Rentech carry a Zacks Rank #2 (Buy).
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