Renewable Fuels
Global Bioenergies SA Launches EUR 20 Million Capital Increase
Global Bioenergies SA announced that it is launching a EUR 20 million capital increase. The Company will issue 806,452 shares at a price of EUR 24.80 per share. The subscription period will run from June 27, 2013 to July 9, 2013. The is an extension clause allowing the Company to issue 15% more shares, which is a maximum of 120,967 new shares. The issue will take place by means of a public offer in France, as well as an institutional offer in France and abroad.
Solazyme Inc Agrees To Dissolve Joint Venture With Roquette Freres, S.A
Solazyme Inc announced that it has agreed with Roquette Frères, S.A. to dissolve joint venture, Solazyme Roquette Nutritionals, LLC, in accordance with their Joint Venture and Operating Agreement dated November 3, 2010, by and between Roquette and Solazyme. The parties expect the formal dissolution to occur in the coming weeks. The decision to terminate the joint venture was driven by divergent views on an acceptable commercial strategy and timeline for the manufacturing and marketing of joint venture products. As a result, Solazyme intends to accelerate commercialization of suite of microalgal food ingredients.
ITM Power Plc Announces Incorporation Of ITM Power ApS In Denmark
ITM Power Plc announced the incorporation of ITM Power ApS, a wholly owned Danish subsidiary company. ITM Power's partner has been active in Denmark for a number of years developing project opportunities. ITM Power will join the partner to tender for existing opportunities and opportunities under development. In 2012, renewable sources of energy provided 45% of the electricity generated in Denmark, including wind energy at 30% of generation and biomass at almost 15%.
Raya Group Ltd Announces Closing Of Share Purchase Plan
Raya Group Ltd announced the closing of it Share Purchase Plan (SPP) earlier this week. Following the closure of the SPP, valid applications were received from shareholders for a total of 34,800,000 shares to raise a total amount of $348,000. A total of 28,600,000 shares were allotted on June 05, 2013. The balance of 6,200,000 shares will be allotted on or about June 21, 2013, following the Company’s Extra-Ordinary General Meeting. Raya’s SPP has received institutional backing by Melbourne Capital Limited (Melbourne Capital). Under a Mandate Agreement signed between Raya and Melbourne Capital, Melbourne Capital have agreed to place, on a endeavors basis, up to $1.5 million of any shortfall amount under Raya’s current SPP. This placement will be completed shortly, with the shares allotted following the Company’s Extra-Ordinary General Meeting.
Evolution Fuels Inc Announces New Chief Executive Officer
Evolution Fuels Inc announced that, effective as of April 30, 2013, Tan Yuen Hing has be appointed to serve as the Chief Executive Officer of the Company. Mr. Tan serves as a member of the Board of Directors of the Company. Also effective on April 30, 2013, Bok Wong resigned as the Company's Chief Executive Officer and as a member of its Board of Directors.
Natural Fuel Ltd To Acquire Charterhill Group Pty Ltd
Natural Fuel Ltd announced that it has executed a Term Sheet with Charterhill Group Pty Ltd to acquire 100% of the Charterhill Group business for an acquisition value of between $18 million to $22 million.
Solarvest BioEnergy Inc Closes Non-Brokered Private Placement
Solarvest BioEnergy Inc announced that it has closed a non-brokered private placement, pursuant to which an investor purchased from the Company 1,000,000 common shares at a price of $0.24 per share for gross proceeds of $240,000. This placement was subscribed by a director and officer who is also a Control Person of the Company and the placement is exempt from shareholder approval accordance with MI 61-101 (Protection of Minority Security Holders in Special Transactions). Proceeds from this private placement will be used as general working capital. The shares will be subject to resale restrictions for a period of four months from closing under applicable securities legislation.
Solazyme Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Solazyme Inc announced that it continue to expect overall revenue growth of approximately 25% in fiscal 2013. The Company reported revenue of $44.11 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $54.20 million for fiscal 2013.
CropEnergies AG Issues FY 2013/2014 Guidance In Line with Analysts' Estimates
CropEnergies AG announced that it expects the 2013/2014 fiscal year operating profit to range between EUR 50 million and EUR 60 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013/2014 operating profit of EUR 51.23 million.
CropEnergies AG Proposes FY 2012/2013 Dividend
CropEnergies AG announced that it will propose on the Annual General Meeting on July 30, 2013 that the dividend be increased to EUR 0.20 (previous year: 0.18) per share and that a further EUR 0.06, i.e. a total of EUR 0.26 (0.18) per share, be paid out on account of the positive earnings situation in the 2012/13 fiscal year.
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Sector Summary
| Energy |  -0.22% |
| Basic Materials | -0.99% |
| Industrials | -0.70% |
| Cyclical Goods & Services | -0.08% |
| Non-Cyclical Goods & Services | -0.41% |
| Financials | -0.38% |
| Healthcare | -0.57% |
| Technology | -0.26% |
| Telecoms | -0.12% |
| Utilities | -0.79% |
| DOW | 14,915.19 | -59.77 |
-0.40% |
| S&P 500 | 1,611.60 | -3.36 |
-0.21% |
| NASDAQ | 3,427.04 | -7.45 |
-0.22% |
| TR US Index | 146.20 | -0.45 |
-0.31% |
+246.24Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
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Provider: Renaissance Capital
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$69.00
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Provider: Renaissance Capital
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$81.00
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Provider: GlobalData
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$250.00
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Provider: Wall Street Transcript ,The
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$50.00
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