BIOFUEL ENERGY CORP.
Buried deep within the fiscal cliff deal were all sorts of relief and funding towards renewable energy, including those for wind power and biofuel projects. As a result, alternative energy companies were on a roll throughout the trading day on Wednesday. And while this may bode well for short-term traders/investors, I can’t help but feel a little deja-vu, and the outcome is not favorable.
2012 Performance more »
Two weeks ago hedge fund manager David Einhorn upped his stake in BioFuel Energy Corp (NASDAQ: BIOF) and the stock has traded higher ever since. The stock has since posted a 200% gain, and during the last week Pacific Ethanol (NASDAQ: PEIX) followed its lead with a 25% gain of its own. Neither company has announced any other positive developments nor has there been any other catalyst to lead to more »
A perfect storm has gathered to sink alternative energy and biofuel companies. Crude oil has fallen along with economic growth around the world, resulting in the exchange traded fund for the industry, United States Oil (NYSEMKT: USO), being down 15.17% for 2012. Over the same period, United States Natural Gas (NYSEMKT: UNG), the exchange traded fund for natural gas, is off by 24.96%. The exchange traded fund for more »