Amyris Inc ‘(NASDAQ: AMRS)
Amyris is having yet another incredible trading session in the market today. This is adding to the strong gains that we’ve seen from the stock over the past month. If you’re just noticing the trend, you might be wondering just what is going on. The answer is relatively simple. In fact, there are a couple of good reasons for the excitement surrounding the stock. Today, we’ll talk about those reasons, what we’re seeing in the market today, and what we can expect to see from AMRS moving forward.
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There Are Two Reasons AMRS Investors Are So Excited
At the end of the day, there are two big reasons that Amyris investors are excited. Those reasons have to do with new contracts and a product release. Here’s what we’re looking at:
- Contracts – Lately, new contracts seem to be falling out of the sky for AMRS, and that’s leading to quite a bit of excitement surrounding the stock. Most recently, the company has signed agreements with Biogen (BIIB) and the United States Department of Energy. In the case of the contract with Biogen, the company will be looking into the use of advanced microbe engineering technology to evaluate and develop multiple host microorganisms as alternatives to mammalian cell lines for the production of therapeutic recombinant proteins. Along with the United States Department of Energy, the company will be working to manufacture cellulose-derived farnesene for use in biofuels. Both of these contracts have the potential to yield incredible revenue for the company.
- New Product Release – The second reason that AMRS investors are so excited at the moment is a product release. Recently, the company was working with Biossance to create a product known as The Illuminator. Just a couple of weeks ago, the product was released. Already, A-list celebrity makeup artist Katey Denno has said that she is impressed with the performance of the product. If this product flies off of the shelves, Amyris stands to make a large amount of money from it.
What We’re Seeing From The Stock Today
As mentioned above, in today’s trading session, we’re seeing a continuation of the bullish activity that we’ve seen on the stock over the past month. Investor excitement with regard to the future of the company continues to fuel this movement. Currently (2:29), the stock is trading at $0.46 per share after a gain of $0.02 per share (4.46%) thus far today.
What We Can Expect To See Moving Forward
Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from AMRS. At the end of the day, the company is working on several contracts, each of which have the potential to yield incredible amounts of revenue for the company down the road. On top of that, the new product, The Illuminator, seems like a very promising endeavor. I believe that this product will likely generate a strong amount of revenue ahead. All in all, when we talk about AMRS, we’re talking about a company that is really in its infancy. At this point, the company is finding footing, signing contracts, and working it’s way toward strong profits down the line. Moving forward, I’m expecting to see gains!
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What Do You Think?
Where do you think AMRS is headed moving forward? Join the discussion at TalkTRENDZ!
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