Your Web Site
Tuesday August 12, 1:58 pm ET By Jon Kolb Aventine Renewable Energy Holdings, Inc.'s (NYSE: AVR - News) favorable topline growth prospects stems from its ongoing capacity expansions through new plants, the recent bullishness on the energy bill for ethanol production, rising ethanol prices, an ongoing share repurchase program and high crude oil prices. These factors should help maintain the momentum of future growth. However, like its peers, the low-cost ethanol player is facing escalating cost structure though on a lower scale on account of rising corn and natural gas prices. Such price volatility along with loss related to auction-rate securities impacted AVR's performance in the second quarter of 2008. Rapid ethanol supply growth continues while demand has been held back due to constraints in refineries infrastructure.... [read full story]
