Android app on Google Play

UBS Maintains a 'Buy' on KiOR, Inc. (KIOR); Q2 Review and Upcoming Catalysts

August 15, 2012 12:01 PM EDT Send to a Friend
Get Alerts KIOR Hot Sheet
Price: $0.19 -13.64%

Rating Summary:
    4 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
Trade KIOR Now!
Join SI Premium – FREE
UBS maintains a 'Buy' on KiOR, Inc. (NASDAQ: KIOR) price target of $16.00 (from $22.00).

Analyst, Mahavir Sanghavi, said, "KIOR reported 2Q12 net loss of $0.22/sh, which was slightly better than consensus estimate of $0.23 as the start-up expense at the Columbus plant (~11M gallon) was lower than expected. KiOR’s 4Q12 guidance of 500K to 1M gallons of production (we estimate $2.4 to $4.8M on ASP
of $4.8/gal) is in-line with our prior estimate."

"KiOR reported a new catalyst platform which has shown a 20% reduction in the coke production while improving the high value liquid fractions and hydrocarbons output at its pilot facility. We expect an update on the % improvement in the liquid fraction recovery by next earnings call as KiOR continues testing the new catalyst platform in its demo plant (230K gal/year) at Houston."

For an analyst ratings summary and ratings history on KiOR, Inc. click here. For more ratings news on KiOR, Inc. click here.

Shares of KiOR, Inc. closed at $6.86 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

UBS, Earnings

Add Your Comment