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KiOR (NASDAQ:KIOR) was downgraded by investment analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, reports. They currently have a $1.50 price target on the stock, down from their previous price target of $8.50. Cowen and Company’s target price points to a potential upside of 10.29% from the stock’s previous close.

The analysts wrote, “We substantially cut 2013-15 estimates and have withdrawn our prior model for 2016 and beyond,” the report noted. “The EPA’s proposed RVOs (renewable volume obligations) for 2014 have depressed the value of cellulosic RINs, and we assume no relief in the final rule. Until Columbus achieves steady-state production and higher volume, we also assume customers will continue to receive discounts, resulting in a modest (60-65c) effective premium over the hydrocarbon value of fuels produced.”

Separately, analysts at Raymond James downgraded shares of KiOR from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. KiOR presently has a consensus rating of “Hold” and an average target price of $5.83.

In other KiOR news, major shareholder Stuart Peterson sold 167,047 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $1.69, for a total transaction of $282,309.43. Following the completion of the transaction, the insider now directly owns 251,522 shares in the company, valued at approximately $425,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of KiOR (NASDAQ:KIOR) traded down 8.72% during mid-day trading on Tuesday, hitting $1.36. 1,016,871 shares of the company’s stock traded hands. KiOR has a one year low of $1.30 and a one year high of $6.44. The stock’s 50-day moving average is $1.74 and its 200-day moving average is $2.67. The company’s market cap is $149.7 million.

KiOR (NASDAQ:KIOR) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.07. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $1.89 million. During the same quarter in the previous year, the company posted ($0.26) earnings per share. Analysts expect that KiOR will post $-1.46 EPS for the current fiscal year.

KiOR, Inc (NASDAQ:KIOR), is development- stage company.

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