On Tuesday, Following U.S. Stocks were among the “Top Losers”:Pacific Ethanol, Inc. (NASDAQ:PEIX), Arch Coal Inc. (NYSE:ACI), Inovalon Holdings, Inc. (NASDAQ:INOV), Gevo, Inc. (NASDAQ:GEVO)
- Pacific Ethanol, Inc. (NASDAQ:PEIX)’s with shares dwindled -7.56%, closed at $10.40.
- Arch Coal Inc. (NYSE:ACI), with shares declined -7.48%, settled at $0.99.
- Inovalon Holdings, Inc. (NASDAQ:INOV), with shares dipped -7.43%, and closed at $27.55.
- Gevo, Inc. (NASDAQ:GEVO), dropped -7.36%, and closed at $0.26.
Latest NEWS regarding these Stocks are depicted underneath:
Pacific Ethanol, Inc. (NASDAQ:PEIX)
Pacific Ethanol, Inc. (PEIX), the leading producer and marketer of low-carbon renewable fuels in the Western United States, stated its financial results for the three- and twelve-months ended December 31, 2014.
Financial Results for the Three Months Ended December 31, 2014:
Net sales were $256.2 million for the fourth quarter of 2014, contrast to $215.3 million for the fourth quarter of 2013. The rise in net sales was attributable to an raise in total gallons sold, slightly offset by a reduction in the Corporation’s average sales price per gallon.
Gross profit was $18.4 million for the fourth quarter of 2014, contrast to $21.6 million for the fourth quarter of 2013. The decline in gross profit was due to particularly strong production margins in the fourth quarter of 2013.
Selling, general and administrative (“SG&A”) expenses were $4.7 million for the fourth quarter of 2014, contrast to $4.4 million for the fourth quarter of 2013. The raise in SG&A expenses reflect an raise in professional fees related to the pending Aventine merger of about $1.0 million, partially offset by a reduction in year-end compensation expense of about $0.8 million.
Operating revenue for the fourth quarter of 2014 was $13.6 million, contrast to $17.2 million for the same period in 2013.
Fair value adjustments resulted in revenue of $2.2 million for the fourth quarter of 2014, contrast to an expense of $2.5 million for the same period in 2013.
Interest expense, net was $1.1 million for the fourth quarter of 2014, contrast to $3.7 million for the fourth quarter of 2013. This reduction is due to the Corporation’s significantly reduced debt balances in 2014.
Provision for revenue taxes was $1.5 million for the fourth quarter of 2014. In the fourth quarter, the Corporation finalized its estimate of net operating losses accessible to be utilized in 2014, which resulted in a reduced provision for revenue taxes for the quarter.
Revenue accessible to ordinary stockholders for the fourth quarter of 2014 was $12.2 million, or $0.50 per diluted share, contrast to $8.3 million, or $0.54 per diluted share, for the fourth quarter of 2013.
Adjusted Net Earnings, which excludes fair value adjustments and warrant inducements and extinguishments of debt, was $10.0 million, or $0.41 per diluted share for the fourth quarter of 2014, contrast to Adjusted Net Earnings of $12.0 million, or $0.79 per diluted share for the same period in 2013.
Adjusted EBITDA was $16.3 million for the fourth quarter of 2014, contrast to Adjusted EBITDA of $18.3 million for the fourth quarter of 2013.
Pacific Ethanol, Inc. (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.
Arch Coal Inc. (NYSE:ACI)
Formerly on February 26, Arch Coal Inc. (ACI), declared that James A. Sabala, 60, has been elected to its board of directors, effective right away. Sabala will serve on the board’s audit and finance committees.
Sabala presently serves as the senior vice president and chief financial officer of Hecla Mining Corporation, a precious metal mining corporation headquartered in Coeur d’Alene, Idaho. Preceding to joining Hecla in 2008, Sabala served as executive vice present and chief financial officer for Coeur d’ Alene Mines Corporation and vice president and chief financial officer for Stillwater Mining Corporation. Sabala also held various other positions with Coeur d’Alene Mines counting controller, treasurer and vice president of finance. Early in his career, Sabala worked as a certified public accountant for Price Waterhouse and Corporation.
Sabala accomplished Stanford University’s Executive Education Financial Administration program, a joint Stanford and London School of Business’ International Investment Administration program and earned a Bachelor of Science degree in business and accounting from the University of Idaho. In addition, Mr. Sabala serves on the Advisory Board to the University of Idaho College of Business.
U.S.-based Arch Coal, Inc. is one of the world’s top coal producers for the global steel and power generation industries, serving customers on five continents. Its network of mining complexes is the most diversified in the United States, spanning every major coal basin in the nation.
Inovalon Holdings, Inc. (NASDAQ:INOV)
Formerly on March 2, Inovalon Holdings, Inc. (INOV), a leading technology corporation providing advanced cloud-based analytics and data-driven intervention platforms to the healthcare industry, declared that it has reached a new multi-year contract with Gateway Health SM, a nationally ranked managed care organization headquartered in Pittsburgh, Pennsylvania, to provide a data-driven analytics solution platform to improve clinical and quality outcomes, financial performance, and regulatory compliance for its Medicare Advantage and managed Medicaid membership populations in Pennsylvania, Ohio, Kentucky, and North Carolina.
Inovalon’s cloud-based data-driven intervention platforms enable a deep understanding of the member’s health status, counting physician documentation of disease and co-morbidity diagnoses, while identifying and closing gaps in quality, care and data integrity. Moreover, Inovalon’s advanced analytics enable reporting and forecasting for the efficient identification, determination, and substantiation of disease and comorbidity data. Additionally, Inovalon will deliver business intelligence reporting that offers granular insight into state-relative comparative data to inform business decisions. These solutions comprise seamlessly integrated electronic health record (EHR) interoperability capabilities that address current challenges facing the healthcare industry.
Gateway first collaborated with Inovalon in September 2014 as part of the Dual Eligible Data Collection Initiative, a research project to better understand the factors underlying performance of dual eligible members served by Medicare Advantage plans, enumerated in an earlier study by Inovalon and subsequently presented to U.S. Congress in October of 2014.
Gateway Health is a nationally ranked managed care organization, offering a variety of health plans for Medical Assistance (Medicaid) and Medicare eligible individuals.
Inovalon is a leading technology corporation that combines advanced cloud-based data analytics and data-driven intervention platforms to achieve meaningful influence in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Inovalon’s unique achievement of value is delivered through the effective progression of Turning Data into Insight, and Insight into Action(R).
Gevo, Inc. (NASDAQ:GEVO)
Gevo, Inc. (GEVO), declared that the National Aeronautics and Space Administration (NASA) has purchased Gevo’s renewable Alcohol-to-Jet fuel (ATJ) for aviation use at the NASA Glenn Research Center in Cleveland, OH. Gevo’s ATJ is manufactured at its demonstration biorefinery located in Silsbee, TX, using renewable isobutanol produced at its Luverne, MN, isobutanol plant. The biorefinery, where Gevo also produces bio-paraxylene and bio-isooctane, is operated in conjunction with South Hampton Resources.
Since its founding, NASA has been dedicated to the advancement of aeronautics and space technologies. Over the past several years, NASA has been studying the effects of alternate biofuels on engine performance, emissions and aircraft-generated contrails at altitudes typically flown by commercial airliners. Results from recent tests showed that a blend of renewable jet fuel and standard jet fuel significantly reduced emissions, as contrast to using standard jet fuel alone, while not affecting flight operations.
Gevo is a leading renewable technology, chemical products, and next generation biofuels corporation. Gevo has developed proprietary technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, in addition to related products from renewable feedstocks.
Gevo, Inc. (Gevo) is a renewable chemicals and biofuels corporation. The Compnay is focused on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The Corporation operates through two segments: the Gevo, Inc. and the Gevo Development/Agri-Energy.
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