KiOR Update: Stock Closes up 10%

KiOR, which was profiled on this website two weeks ago, closed up nearly 10% Tuesday. The big move came after KiOR released its 1Q2012 earnings. While revenues were non-existent, which is to be expected from a start-up company, the CEO Fred Cannon stated in the conference call that the demonstration plant was completed ahead of schedule and on budget and will be begin producing fuel in the months to come. This news was responsible for the large jump in the stock price.

Read about how KiOR is turning trees into oil and what other companies are doing in the nacent and highly active alternative energy market through our Green Tech Company Spotlight.