Methes Energies International, Inc. (MEIL) Continues To Fire On All Cylinders
Seeking Alpha Analyst Since 2010
Methes Energies International, an innovative best-in-class company that provides a suite of biodiesel solutions targeted at large and small scale biodiesel producers, has been of the strongest Nasdaq performers over the past 3 months. Shares of Methes Energies have risen by more than 43% as the company continues to fire on all cylinders.
Part of the price surge can be attributed the company's announcement in mid-December that it had achieved its October and November production targets. The company also mentioned that November production was the highest in the company's history, surpassing September and October by more than 60,000 gallons. Because of the record production levels, Methes Energies anticipates reporting record revenue numbers in its 4th quarter report. If that occurs, investors should expect another significant bump in the share price.
Achieving record revenues in the 4th quarter would firmly cement Methes Energies as a powerhouse to be reckoned with in the biodiesel space. The company has already far surpassed expectations as it has generated more than $4 million in revenue over the past two quarters compared to just $955,000 for the two quarters before that. If that trend continues, the market will have no choice but to assign a higher growth multiple to Methes shares.
The company has also been attracting the attention of several writers at some of the most prominent financial websites. A few of those positive articles have been:
•Fusion Research on Seeking Alpha
•John Mylant on Seeking Alpha
•James Ratz on Wall St. Cheat Sheet
Interest investors are encouraged to strongly read those articles as they contain a lot of valuable information.
For more information, please visit methes.com
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