Alto Ingredients, Inc. (ALTO)

In the past six months, Alto Ingredients, Inc. stock price has been impacted by several key events. In Q3 2025, the company reported a significant financial turnaround with net income of $13.9 million, leading to a positive market response. In Q2 2025, Alto Ingredients reported a significant improvement in Adjusted EBITDA despite ongoing market volatility. In Q1 2025, the company reported a net loss of $11.7 million, but showed improvements in gross loss and Adjusted EBITDA. In Q4 2024, net sales decreased compared to the previous year, and cost-saving initiatives were implemented. Disappointing Q3 2024 results caused the stock price to decrease significantly due to decreased ethanol demand and lower carbon prices. The stock has experienced volatility, with a 52-week range between $0.76 and $2.31.

Alto Ingredients' products and services experience demand seasonality. The company has reported benefiting from seasonally strong crush margins, particularly in the third quarter of 2025, suggesting that demand for its products can fluctuate with agricultural cycles and market conditions. The company also noted strong CO2 demand, particularly on the West Coast, as a factor in its Q3 2025 performance.

Alto Ingredients, Inc. is a producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, operating in the Materials and Industrials sectors, specifically in the Chemicals, Specialty Chemicals, Biofuels, and Renewable Fuels industries. It serves markets including Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels. Its major products include specialty alcohols used in various applications, essential ingredients like dried yeast and corn protein, and renewable fuels such as fuel-grade ethanol.

Alto Ingredients has a significant operational presence across the United States, operating five alcohol production facilities and a food-grade yeast plant. Three alcohol production facilities and the yeast plant are in Illinois, with two additional alcohol facilities in Oregon and Idaho. Its corporate office is in Pekin, Illinois. A wholly-owned subsidiary, Eagle Alcohol Company, is in Missouri, specializing in the break-bulk distribution of specialty alcohols. The company also has production facilities in Nebraska and sells its products in both domestic and international markets.

In the past year, Alto Ingredients has focused on enhancing its reputation through sustainability initiatives and quality certifications. The company has earned a Safe Food/Safe Feed certification and received an EcoVadis Silver Medal, placing it in the 87th percentile among its peers. In 2025, it also completed a SMETA Pillar 4 audit, demonstrating a commitment to product quality, safety, and sustainable practices.

Alto Ingredients, Inc. has a significant institutional ownership presence. As of November 21, 2025, 99 institutional owners and shareholders held a total of 16,738,774 shares, representing approximately 29% to 42.44% of the company's stock. Individual insiders hold about 10.4% of the shares. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc.