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An announcement from Highwater Ethanol ( (HEOL) ) is now available.
Highwater Ethanol reported a net income of approximately $6.115 million for the fiscal year ending October 31, 2024, a decrease from previous years due to narrowing margins and lower commodity prices. The company continues to focus on operational efficiencies, adding a new fermenter to enhance production, and remains committed to increasing market share for its renewable ethanol products. Despite challenges, including variable ethanol netbacks and corn prices, Highwater anticipates reaching one billion gallons of total ethanol production by December 2025 and is exploring opportunities in higher ethanol blends and renewable biofuels.
More about Highwater Ethanol
Highwater Ethanol, LLC operates in the bio-energy sector, focusing on ethanol production. The company is dedicated to operating a profitable bio-energy facility while contributing to regional economic growth, and it maintains a commitment to both present operations and future opportunities. Highwater Ethanol emphasizes low-cost, efficient, and high-quality production, and it is actively reviewing new technologies and opportunities within its core business.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $74.88M
For an in-depth examination of HEOL stock, go to TipRanks’ Stock Analysis page.