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KiOR Slumps: KIOR Tanks 39.2% in Session
March 19, 2014
GPRE RTK CSIQ
KiOR, Inc. saw a big move last session, as the company’s shares fell by over 39% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $1.15 to $1.58 in the past one-month time frame.
The renewable fuels company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
KIOR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Biofuels industry may consider better-ranked stocks like Green Plains Renewable Energy, Inc. ( GPRE - Snapshot Report) and Rentech, Inc. ( RTK - Snapshot Report) . Meanwhile, from the broader energy sector one may consider Canadian Solar Inc. ( CSIQ - Analyst Report) . While Green Plains and Canadian solar sport a Zacks Rank #1 (Strong Buy), Rentech has a Zacks Rank #2 (Buy).
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