SNXG Announces Product Expansion Plans For 2015
Good Afternoon!
SNXG isn’t just my top biofuel energy pick for March, it’s quite possibly the biggest pick I’ll send your way in the energy space period.
Wall Street is now busy searching for alternative opportunities and you can’t pick a better one than the biofuel market, particularly the sector for biodiesel. Last year the biodiesel market was worth $12.6 billion and future projections tip the sector to reach $23.9 billion by 2020.
SNXG is making very solid moves in the space and has just announced plans to expand its product line in 2015. On top of that the play is a bargain at 25 cents.
Start your look into SNXG as soon as possible.
SNXG’s Must-See Technicals
SNXG is trading mighty close to its 12-month high of 37 cents. The current price of 25 cents is just 48% off the pace and this play has delivered one-day movements bigger than that in the past.
The 50 DMA is a solid 95 cents and SNXG is trading below that too! There’s considerable accumulation potential from current levels.
SNXG recently confirmed plans to expand its product lines in 2015. This news is a strong catalyst given the projected growth of the biodiesel market to $23.9 billion
SNXG has undergone solid consolidation over the last few weeks. The upward pressure is starting to create cracks and trickles of gain potential are flowing. The play closed up 10% in the last session.
SNXG has extremely high bounce potential and is trading with a RSI of 28.
About SNXG
SNXG (Sunx Energy, Inc.) is an alternative energy company, engages in the production and distribution of renewable biodiesel fuel.
SNXG also offers biodiesel production equipment and technology. Sunxs biodiesel is used in compression-ignition engines.
Biodiesel Market Set To Reach $23.9 Billion By 2020
According to a new report by Allied Market Research titled, “Global Second Generation Biofuels—Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020,” the global second-generation biofuels (advanced biofuels) market would reach $23.9 billion by 2020, registering a compound annual growth rate (CAGR) of 49.4% during 2014 - 2020.
In conjunction with benefits delivered by second-generation biofuels, financial incentives and supportive regulations in the U.S. and Europe are instrumental in driving the commercial production and adoption of advanced biofuels; the renewable fuel standards (RFS) in the U.S. is among one of such initiative.
Warmest Regards,