Alto Ingredients Pops in June as Biofuel Credits Rally
Alto Ingredients shares rose 4.61% Friday to $5.45, outpacing the S&P 500 and Nasdaq. The move followed record-high U.S. ethanol blending credits and a first-quarter profit of $4 million, reversing a year-ago loss. Investors are watching clean-fuel tax credits and a planned Pekin plant outage in June. Trading volume reached about 3.1 million shares.