What were Alto Ingredients' Q1 2026 financial results that triggered H.C. Wainwright's price target increase?

Alto Ingredients reported a return to profitability in Q1 2026 with a net income of $4.0 million and an adjusted EBITDA of $4.7 million, which directly prompted H.C. Wainwright to raise its price target.

Why did H.C. Wainwright raise Alto Ingredients' price target and maintain a Buy rating?

H.C. Wainwright raised the price target for Alto Ingredients from $5.50 to $10 and maintained a Buy rating due to the company's return to profitability in Q1 2026, driven by improved macroeconomic conditions in the renewable fuels sector, a better product mix, and benefits from 45Z tax credits at its Pekin Campus.

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

Jun 26, 2026

H.C. Wainwright raised Alto Ingredients' price target to $10 following Q1 2026 profitability. Growth stems from renewable fuel market conditions and 45Z tax credits at the Pekin Campus.

Insider Monkey

2026-04-10

Craig-Hallum Maintains Buy Rating on Alto Ingredients (ALTO)

2026-05-14

Alto Ingredients (ALTO) Director Adds 25,000 Shares in Open-Market Buys

2026-05-15

Alto Ingredients director Nathan Gilbert E buys $114,450 in stock

2026-05-18

Alto Ingredients CLO Donates 20,000 Shares

2026-06-15

Alto Ingredients, Inc. Completes Transaction to Monetize All 2025 45Z Clean Fuel Production Tax Credits