Biofuel Stock Alert: BioFuel Energy (NASDAQ: BIOF) Soars as Hedge Fund Increases Stake
Category: Investment, Renewable Energy
News about BioFuel Energy
New York - September 14, 2012 (Investorideas.com renewable energy newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for BioFuel Energy Corp. (NasdaqCM : BIOF), trading at $9.24, soaring $2.83 or 44.15% as of 11:53AM EDT on over 1.8 Million shares. The stock jumped following news that hedge-fund manager David Einhorn of Greenlight Capital disclosed an increase in holdings.
The Company reported its second quarter on August 9th. For the quarter ended June 30, 2012, the net loss was $12.4 million on revenues of $122.8 million, compared with a net loss of $8.3 million on revenues of $168.5 million for the quarter ended June 30, 2011. For the quarter ended June 30, 2012, the net loss attributable to common stockholders was $10.6 million, or $2.05 per share, while for the three months ended June 30, 2011 the net loss attributable to common stockholders was $7.0 million, or $1.38 per share.
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