H.C. Wainwright Raises Price Target on Alto Ingredients (ALTO) Following Return to Profitability

Alto Ingredients, Inc. (NASDAQ:ALTO) ranks among the best sin stocks to buy for recession protection. On May 7, H.C. Wainwright analyst Amit Dayal boosted Alto Ingredients, Inc. (NASDAQ:ALTO) price target to $10 from $5.50, maintaining a Buy rating on the company’s stock. The firm claims that improvements in macroeconomic conditions for the renewable fuels sector in recent quarters have led to “an environment for steady operational profitability for the business that was lacking previously.”

Moreover, a day earlier, the company posted Q1 2026 results with net income of $4.0 million, compared with a net loss of $12.0 million in the same quarter of the previous year. The recovery was most apparent in adjusted EBITDA, which hit a positive $4.7 million from negative $4.4 million in the first quarter of 2025.

With a $11.3 million increase in gross profit, the Pekin Campus led the recovery, going from a $3.1 million deficit to an $8.2 million gain. The site, consisting of dry mill, wet mill, and yeast plant activities, profited from a better product mix and the incorporation of 45Z tax credit benefits.

​Alto Ingredients, Inc. (NASDAQ:ALTO) produces and distributes specialty alcohols, renewable fuels like ethanol, and essential ingredients derived mainly from corn.

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