On Tuesday, the Environmental Protection Agency stated that it will propose a cut in next year’s renewable-fuel mandate, which is the minimum amount of renewable fuels refiners are required to blend into gasoline each year. The legal mandate for 2014 is currently set at 18.15 billion gallons, compared to 16.55 billion gallons in 2013. The EPA has said the nations is approaching a “blend wall”, which is the point where the ethanol market cannot expand without using higher percentage blends that aren’t widely available. "The administration now acknowledges the blend wall as real and unavoidable," said Stephen Brown, vice president for federal-government affairs at Tesoro Corp. "A clear signal is also being sent to Congress that additional authority to address the blend wall may be needed via legislation."
Amyris Inc. (NASDAQ: AMRS) shares traded in the range of $2.75 to $2.82 Tuesday before settling to close at $2.79, flat for the day. The stock appears to be facing resistance at the $2.79 and $2.85 levels with some support at $2.68. Shares of Amyris have fallen approximately 10.0 percent year-to-date.
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KiOR Inc. (NASDAQ: KIOR) shares traded in the range of $4.87 to $4.98 Monday before settling to close at $4.92, a decrease of 0.20 percent. The stock appears to be facing some resistance at the $5.00 and $5.11 levels with some support at $4.89. Shares of KiOR have fallen approximately 23.0 percent year-to-date.
More information on KiOR and access to the free equity report can be found at:
Renewable Energy Group Inc. (NASDAQ: REGI) shares traded in the range of $14.92 to $15.64 Tuesday before settling to close at $15.44, an increase of 0.98 percent. The stock appears have some support at the $14.60 and $12.77 levels. The company sold a total of 69.2 million gallons of biodiesel in the second quarter of 2013, an increase of 28 percent year-over-year. Shares of Renewable Energy Group have gained over 160.0 percent year-to-date.
More information on Renewable Energy Group and access to the free equity report can be found at:
Solazyme Inc. (NASDAQ: SZYM) shares traded in the range of $11.00 to $11.43 Tuesday before settling to close at $11.20, a decrease of 1.15 percent. The stock appears to be facing some resistance at $11.27 with some support at the $10.70 and $10.51 levels. Shares of Solazyme have gained over 40.0 percent year-to-date.
More information on Solazyme and access to the free equity report can be found at:
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