Have been watching this company for a year before the IPO last spring. The potential is extensive. Partners are big players. US Navy has orders for the product along with other alternate fuels from other companies, but this one seems to have the best potential in my view. IPO came out at 18 went into the low 20s. I entered in the high 8 with very small position. Big potential in Brazil with Bunge partnership. Due your research. Appears to have very god management team.
IBD whacks the deal too ... and interesting dichotomy as they usually are all about young companies with a "future" v. their distrust (to put it charitably) about Obama.
I've done a little reading on algae in the past, (remember those XOM commericals over the last year or so?) and the story always seems to be it didn't ramp up to real production, but perhaps one day that will change. CDXS was on my radar in 2010.