From the Wires
Fiscal Cliff Legislation Extends Alternative Fuels Tax Credits Through 2013
Five Star Equities Provides Stock Research on Archer Daniels Midland and Pacific Ethanol
By: Marketwired .
Jan. 7, 2013 08:20 AM
NEW YORK, NY -- (Marketwire) -- 01/07/13 -- The Alternative Energy Industry received a major boost this week as a last-minute deal by law makers to avoid the "fiscal cliff" surprisingly included the extension of tax credits for renewable energy and alternative fuels. The PowerShares WilderHill Clean Energy ETF (PBW) has gained nearly 10 percent in the past week. Five Star Equities examines the outlook for companies in the Alternative Energy Industry and provides equity research on Archer Daniels Midland Company (NYSE: ADM) and Pacific Ethanol Inc. (NASDAQ: PEIX).
Congress has extended a $1 per gallon tax credit, which expired at the end of 2011, through the end of 2013. The National Biodiesel Board believes the tax credit will increase biodiesel production by approximately 300 million gallons in 2013. The approved deal also extends a $1.01/gal credit for cellulosic fuel, which are made from non-food organic materials, by one year. In September, the U.S. Environmental Protection Agency raised the amount of biodiesel refiners are required to blend to 1.28 billion gallons in 2013.
Five Star Equities releases regular market updates on the Alternative Energy Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
ADM delivers clean-burning ethanol to refiners through an expansive network of trucks, railcars, barges and terminals. The company makes ethanol from corn through an efficient process that also produces large amounts of animal feed. The company's bioproducts business decreased $179 million to a loss of $26 million for the quarter ended Sept. 30, 2012.
Pacific Ethanol, the leading marketer and producer of low-carbon renewable fuels in the Western United States, has entered into agreements to increase its ownership interest in the plants and improve their debt position. The company has recently announced plans to purchase an additional 13% ownership interest in New PE Holdco, LLC for $1.3 million, increasing the company's equity ownership to 80%.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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