Xethanol Corporation, a renewable energy and clean technology company, produces ethanol and related products from corn in the United States. The company also produces distiller’s wet grains, a by-product of the corn-to-ethanol process. Xethanol Corporation was founded in 2000 and is headquartered in Atlanta, Georgia. Target Price: 0.57 XNL is in the hot alternative energy space. The company uses biomass instead of corn to create ethanol. Unlilke other ethanol companies they aren't dependent on corn prices. As of their latest report (May 7), XNL had cash, cash equivalents and marketable securities of $9.5 million. XNL generated revenue of $3.0 million last quarter, a 24.3% increase over the same period last year. XNL is trading at a market cap of around $11 million and they recently added a special advisor to explore growth alternatives for Xethanol's business. XNL's chart is very attractive for this week. We believe most of the sellers are done and smart money will notice the great situation set up for XNL shares this week. XNL reversed last Friday, finishing up $0.02 to $0.39 or over 5%. We believe there will be a confirmation shortly and XNL could see a strong 3 - 5 day move.
$0.4 (07/12/08)
