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: $0.14 --0%

Rating Summary:
    4 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

UBS, Earnings

Add Your Comment