Amyris -7% on StreetSweeper slam, biofuel names broadly lower

Amyris (AMRS -7.1%) falls sharply for a second straight day after StreetSweeper writes that the maker of renewable fuel compounds faces rough times ahead, citing "onerous deals, SEC filings and extreme insider selling."

The pessimistic view comes ahead of Thursday's earnings report after the company reported worse-than-expected earnings numbers over each of the past five quarters.

Combined with disappointing Q1 earnings from Renewable Energy Group (REGI -5.3%), several biofuel names are trading lower: CDTI -8.5%, SZYM -7.3%, KIOR -6.4%, SYNM -4.3%, BIOF -2%, FF -1.5%.

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Comments (5)
  • 6151621
    , contributor
    Comments (1172) | Send Message
    Maybe this explains SZYM or maybe the morning selling is an everyday event?! Let's see how these all trade into the close. SZYM had major intra day reversal yesterday. Maybe it was short lived. If so looking to test back in $9 range, which could meaning $8 handle for picking up shares on the cheap!
    7 May 2014, 11:43 AM Reply Like
  • Doc.Reality
    , contributor
    Comments (10) | Send Message
    Except SZYM isn't currently a biofuel company... they make high margin specialty oils for beauty products, foods, industrial lubes for oil drillers and other nieches.
    Biofuels are still several years away before they can become profitably made.


    Looks like a larger shift into the risk off trade has perfect stormed SZYM share price... missed operational timelines, production numbers, revenue: add in uncertainty with a major partner in Brazil with a market wide correction looming in the "go away" month, this stock may get even cheaper in the weeks ahead.


    I am long (w/covered calls sold to reduce the pain)
    7 May 2014, 03:54 PM Reply Like
  • Annapolax05
    , contributor
    Comments (138) | Send Message
    I'm sill very optomistic on SZYM over the next quarter. Kevin indicated in the Q1 report that they ARE producing in Moema, they just haven't moved anything out the door yet.
    8 May 2014, 07:25 AM Reply Like
  • futuretrade
    , contributor
    Comments (1152) | Send Message
    "Except SZYM isn't currently a biofuel company...">>> I find that quite often people and their perception of things can be totally wrong, take for an example.
    Can a Bear Run Faster Than a Horse?
    Yes, a Grizzly bear can run faster than a horse. The Grizzly can maintain the speed indefinitely. Many people erroneously think of the Grizzly as a slow, hulking creature when in fact it has incredible speed. I believe that if you were to ask the common man about the speed of a horse vs.. a bear most would say the horse is faster, and like that mistaken belief about the bear, SZYM has been perceived as solely a biofuel company, what a Grizzly mistake that is. As Doc.Reality has stated, "they make high margin specialty oils for beauty products, foods, industrial lubes for oil drillers and other niches" and the list continues to grow. With SZYM share price being so low lately, NOW is the time to buy! Any day now SZYM could announce that the Moema plant is fully operational! Don't let your misconceptions blind you. As you can tell I'm Bullish on Solazyme and the smart investor should be too. I have not been paid to write this.
    10 May 2014, 02:15 PM Reply Like
  • 6151621
    , contributor
    Comments (1172) | Send Message
    It would seem this story stock hasn't been read yet but I agree with you (@futuretrade) that this company has lots of potential. It does seem though that there is still time to pick SZYM cheap and maybe cheaper still going forward.
    12 May 2014, 02:22 PM Reply Like
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