Renewable
energy small-cap Methes Energies Monday was featured in an article by portfolio
manager James Ratz, also a contributor to Wall Street Cheat Sheet. The article
surmises Methes’ potential as a global leader in the renewable energy industry
based on the company’s innovative technology and expectations that energy
prices will continue to rise.
To
read the full article visit
http://wallstcheatsheet.com/stocks/methes-energies-surging-as-renewable-energy-industry-continues-to-grow.html
Ratz
points to a rally in Methes’ stock following word that the company has achieved
its highest monthly level of shipments for 2013. During the month of October
Methes shipped 18 rail cars, more than two times the previous high of eight
rail cars shipped in April.
“The
record shipment in October can be attributed to the availability of a $1.5
million Working Capital Facility that was established in early August. This
funding will allow the company’s Sombra, Ontario manufacturing plant to
continue increasing output for the foreseeable future. Based on the current
projections, Methes Energies should be able to produce as much biodiesel in the
fourth-quarter 2013 as it did for all of 2012,” writes Ratz.
He
also discusses Methes’ recent corporate update, in which the company says it
plans to double its manufacturing facility, as well outlined the company’s 136
percent increase in revenues and considerable jump in gross profit for the
third quarter.
“As
the global appetite for biodiesel continues to increase, small companies like
Methes Energies International will have an opportunity to generate significant
revenue over the coming years. Currently, the United States, Brazil, and China
are the three biggest producers of biofuels. What makes Methes Energies an
interesting investment is that it’s poised for rapid expansion in on other
parts of the world as well such as Europe, South America, Africa, and Asia.
These parts of the world still have incredible room for growth over the coming
decade which should help the company catch up to some of the biggest biodiesel
corporations in the world,” concludes Ratz.
For
more information, visit www.methes.com
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