ALTO News & Events

Alto Ingredients files $150M mixed securities shelf

Reports Q1 revenue $224.7M, consensus $215.67M. The company noted that profitability was driven by strong export sales, higher crush margins, and incremental earnings from Section 45Z tax credits. "In a seasonally weak period for Alto and the industry, we delivered profitability on an adjusted EBITDA and net income basis through the contributions of strong export sales, higher crush margins and incremental earnings from Section 45Z tax credits. Even without the contribution of the tax credits we were profitable," said CEO Bryon McGregor.

Latest data shows the largest indicative borrow rate increases among liquid option names include: VisionWave Holdings Inc (VWAV) 74.93% +7.23, Merlin Inc (MRLN) 76.60% +2.56, Quince Therapeutics (QNCX) 102.41% +1.54, Alto Ingredients (ALTO) 2.41% +1.38, Rumble (RUM) 9.50% +1.31, WeRide Inc (ADR) (WRD) 1.84% +1.09, Teucrium Sugar Fund (CANE) 1.22% +0.97, Leverage Shares 2X Long NBIS Daily ETF (NBIG) 5.06% +0.69, iShares MSCI India (INDA) 6.05% +0.54, and Defiance Daily Target 2X Long RGTI ETF (RGTX) 28.47% +0.49.