UBS Maintains a 'Buy' on KiOR, Inc. (KIOR); Q2 Review and Upcoming Catalysts
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Price: $4.68 +0.86%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade KIOR Now!
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, with a 52 week range of $6.34-$23.85.
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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, with a 52 week range of $6.34-$23.85.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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