Here is how Alto Ingredients (ALTO) and fuboTV Inc. (FUBO) have performed compared to their sector so far this year.
Renewable fuel and specialty alcohol producer Alto Ingredients reported strong third quarter results with profitability well ahead of consensus expectations: Key performance indicators like gross margin, adjusted EBITDA and free cash flow surged to new multi-year highs. Results benefited from a combination of seasonal strength, favorable export pricing, strong CO2 demand and benefits from the company's recent cost reduction and efficiency improvement initiatives.
After reaching an important support level, Alto Ingredients, Inc. (ALTO) could be a good stock pick from a technical perspective. ALTO recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
| Specialty Retail Industry | Consumer Discretionary Sector | Bryon T. McGregor CEO | XDUS Exchange | US0215131063 ISIN |
| US Country | 393 Employees | - Last Dividend | 14 May 2013 Last Split | - IPO Date |
Alto Ingredients, Inc., originally known as Pacific Ethanol, Inc., underwent a name change in January 2021 and is now recognized for its production, distribution, and marketing of specialty alcohols, renewable fuel, and essential ingredients across the United States. With a founding year of 2003, and headquartered in Pekin, Illinois, the company orchestrates its operations through three distinct segments: Marketing and Distribution, Pekin Campus Production, and Western Production. Its product portfolio caters to a wide range of markets, including health, home, beauty, food and beverage, industrial and agriculture, as well as the transportation fuel sector. Alto Ingredients, Inc. is committed to delivering value to its diverse customer base, ranging from integrated oil companies and gasoline marketers to the animal feed and food industries, through its alcohol production facilities and an extensive network of third-party service providers for transportation, storage, and delivery services.
Utilized in a variety of applications such as mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners, these alcohols cater to the expanding demands of the health, home, and beauty markets.
These spirits find their applications in the production of alcoholic beverages and vinegar, highlighting their significance in the food and beverage markets. Additionally, the company produces corn germ used in corn oils, further diversifying its contributions to this sector.
Alto Ingredients, Inc. supplies alcohols and other products tailored for paint applications and fertilizers, addressing the needs of the industrial and agriculture markets.
This range includes dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed intended for commercial animal feed and pet food applications, along with yeast for human consumption, thereby supporting nutritional requirements in various segments.
Produced both in-house and sourced from third parties, fuel-grade ethanol is marketed as a vital transportation fuel. The company also produces distillers corn oil, which serves as a biodiesel feedstock, emphasizing Alto Ingredients, Inc.'s role in promoting renewable energy sources.
Complementing its product portfolio, the company extends transportation, storage, and delivery services via third-party service providers, ensuring efficient and reliable distribution of its products.