Badger State Ethanol, LLC (BADG)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Badger State Ethanol, LLC (BADG) with AI Score 46/100 (Weak). Badger State Ethanol, LLC, established in 2000, is a dry-mill ethanol producer based in Monroe, Wisconsin. Market cap: 0, Sector: Basic materials.
Last analyzed: Mar 17, 2026Badger State Ethanol, LLC (BADG) Materials & Commodity Exposure
Badger State Ethanol, LLC, founded in 2000, operates as a dry-mill ethanol producer, supplying ethanol and related corn products. With a market capitalization of $0.09 billion, the company serves the Upper Midwest region, differentiating itself through a diversified product portfolio including corn protein and feed products.
Investment Thesis
Badger State Ethanol, LLC presents an investment case centered on its position in the renewable fuel sector and diversified product portfolio. The company's focus on dry-mill ethanol production aligns with ongoing trends toward sustainable energy solutions. Key value drivers include efficient production processes, strategic terminal locations, and the ability to generate revenue from multiple corn-based products. Growth catalysts involve potential expansions in ethanol demand, driven by government mandates and environmental initiatives. However, investors may want to evaluate risks related to commodity price volatility, regulatory changes, and competition within the ethanol market. With a market cap of $0.09 billion and a beta of -0.07, BADG offers a unique opportunity within the specialty chemicals space.
Based on FMP financials and quantitative analysis
Key Highlights
- Badger State Ethanol, LLC produces dry-mill ethanol, a renewable fuel source.
- The company offers a diversified product portfolio including corn protein products, feed and corn oils, and distiller's grains.
- Badger State Ethanol operates petroleum terminals in Wisconsin, Illinois, and the Upper Midwest.
- The company was founded in 2000 and is based in Monroe, Wisconsin.
- The company has a market capitalization of $0.09 billion and a beta of -0.07.
Competitors & Peers
Strengths
- Established presence in the Upper Midwest.
- Diversified product portfolio.
- Strategic petroleum terminal locations.
- Experienced management team.
Weaknesses
- Dependence on commodity prices.
- Exposure to regulatory changes.
- Limited geographic reach.
- OTC market listing.
Catalysts
- Ongoing: Government support for renewable fuels through tax credits and mandates.
- Upcoming: Potential expansion of ethanol blending requirements in gasoline (2027).
- Ongoing: Increasing consumer demand for sustainable energy sources.
- Upcoming: Development of new technologies to improve ethanol production efficiency (2028).
Risks
- Potential: Fluctuations in corn prices affecting production costs.
- Ongoing: Changes in government regulations impacting ethanol demand.
- Potential: Competition from other ethanol producers and alternative fuels.
- Ongoing: Economic downturns reducing fuel consumption.
- Potential: Environmental concerns related to ethanol production.
Growth Opportunities
- Expansion of Ethanol Production Capacity: Badger State Ethanol can increase its ethanol production capacity to meet rising demand for renewable fuels. The global ethanol market is projected to reach $116.17 billion by 2029, growing at a CAGR of 3.1% from 2022. By expanding its production capabilities, Badger State Ethanol can capture a larger share of this growing market and enhance its revenue streams. This expansion could involve upgrading existing facilities or constructing new ones, with a timeline of 3-5 years.
- Diversification into Advanced Biofuels: Badger State Ethanol can diversify its product offerings by venturing into advanced biofuels, such as cellulosic ethanol. The advanced biofuels market is expected to grow significantly as technologies mature and costs decrease. This diversification would allow the company to tap into new revenue streams and reduce its reliance on traditional ethanol production. The timeline for this diversification could be 5-7 years, requiring investments in research and development.
- Strategic Partnerships and Acquisitions: Badger State Ethanol can pursue strategic partnerships and acquisitions to expand its market reach and product offerings. Collaborating with other companies in the renewable energy sector can provide access to new technologies, distribution networks, and customer bases. The timeline for these partnerships and acquisitions is ongoing, as opportunities arise. These initiatives can enhance the company's competitive position and drive long-term growth.
- Geographic Expansion: Badger State Ethanol can expand its geographic presence by establishing new petroleum terminals and distribution networks in underserved markets. The company's existing terminals in Wisconsin, Illinois, and the Upper Midwest provide a solid foundation for further expansion. By extending its reach to new regions, Badger State Ethanol can increase its sales volume and market share. The timeline for this expansion could be 2-4 years, depending on market conditions and regulatory approvals.
- Development of Sustainable Co-Products: Badger State Ethanol can focus on developing sustainable co-products from its ethanol production process. These co-products, such as corn protein and feed products, can generate additional revenue streams and reduce waste. By investing in research and development, the company can identify new and innovative uses for these co-products, enhancing its overall sustainability profile. The timeline for this development is ongoing, with continuous efforts to improve the efficiency and sustainability of its operations.
Opportunities
- Expansion of ethanol production capacity.
- Diversification into advanced biofuels.
- Strategic partnerships and acquisitions.
- Development of sustainable co-products.
Threats
- Fluctuations in corn prices.
- Changes in government mandates.
- Competition from other ethanol producers.
- Economic downturns affecting fuel demand.
Competitive Advantages
- Strategic location of petroleum terminals in the Upper Midwest.
- Diversified product portfolio including ethanol, corn protein, and feed products.
- Established relationships with regional customers.
- Experience in dry-mill ethanol production since 2000.
About BADG
Badger State Ethanol, LLC was established in 2000 and is headquartered in Monroe, Wisconsin. The company specializes in the production and supply of dry-mill ethanol, a renewable fuel source. Badger State Ethanol has expanded its product offerings to include a variety of corn-based products, such as corn protein products, feed and corn oils, distiller's dried grains (DDG), distiller's modified wet grains (DMWG), concentrated corn proteins, crude corn oils, and food grade carbon dioxide. These products cater to both the fuel and agricultural sectors. The company operates petroleum terminals in Wisconsin, Illinois, and the Upper Midwest, facilitating efficient distribution. Badger State Ethanol aims to provide sustainable and high-quality ethanol and corn-derived products to meet regional demands.
What They Do
- Produces dry-mill ethanol, a renewable fuel source.
- Supplies ethanol to petroleum terminals in Wisconsin, Illinois, and the Upper Midwest.
- Offers corn protein products for animal feed.
- Provides distiller's dried grains (DDG) and distiller's modified wet grains (DMWG).
- Produces crude corn oils.
- Offers food grade carbon dioxide.
Business Model
- Generates revenue from the sale of dry-mill ethanol.
- Sells corn protein products and animal feed.
- Markets distiller's grains and corn oils.
- Distributes products through its petroleum terminals.
Industry Context
Badger State Ethanol, LLC operates within the specialty chemicals industry, focusing on renewable fuel production. The ethanol market is influenced by government regulations, environmental policies, and consumer demand for sustainable energy sources. Competition includes other ethanol producers and alternative fuel providers. Market trends indicate a growing emphasis on biofuels, driven by efforts to reduce carbon emissions. The company's diversified product portfolio, including corn protein and feed products, provides a competitive advantage in navigating market fluctuations. Competitors include AVTXF, BNOW, CNDGF, FTZZF, and HEOL.
Key Customers
- Petroleum companies
- Animal feed producers
- Agricultural businesses
- Industrial users of carbon dioxide
Financials
Chart & Info
Badger State Ethanol, LLC (BADG) stock price: Price data unavailable
Latest News
No recent news available for BADG.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BADG.
Price Targets
Wall Street price target analysis for BADG.
MoonshotScore
What does this score mean?
The MoonshotScore rates BADG's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Erik A. Huschitt
Managing
Erik A. Huschitt is the managing leader of Badger State Ethanol, LLC, overseeing the company's operations and strategic direction. His background includes extensive experience in the ethanol production and agricultural sectors. He is responsible for managing 37 employees. His expertise lies in optimizing production processes, ensuring regulatory compliance, and fostering relationships with key stakeholders.
Track Record: Under Erik A. Huschitt's leadership, Badger State Ethanol, LLC has maintained its position as a key regional supplier of ethanol and corn-based products. He has focused on improving operational efficiency and expanding the company's product offerings. His strategic decisions have contributed to the company's stability and growth within the competitive ethanol market.
BADG OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, encompassing stocks that are not eligible for OTCQX or OTCQB tiers. These securities often include companies with limited operating history, distressed financials, or those that do not meet the minimum requirements for higher tiers. Companies on the OTC Other tier may have limited regulatory oversight and disclosure requirements compared to those listed on major exchanges like NYSE or NASDAQ.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Low trading volume and liquidity.
- Potential for price manipulation.
- Higher risk of fraud or mismanagement.
- Lack of regulatory oversight.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team's experience and track record.
- Check for any regulatory actions or legal issues.
- Monitor trading activity and price volatility.
- Consult with a qualified financial advisor.
- Operational history since 2000.
- Physical presence with petroleum terminals in multiple states.
- Production and supply of ethanol and related products.
- Management team with industry experience.
- Membership in industry associations (if any).
BADG Basic Materials Stock FAQ
What does Badger State Ethanol, LLC do?
Badger State Ethanol, LLC specializes in the production and supply of dry-mill ethanol, a renewable fuel source. The company also offers a range of corn-based products, including corn protein products, feed and corn oils, distiller's dried grains (DDG), and food grade carbon dioxide. These products cater to both the fuel and agricultural sectors, serving customers across the Upper Midwest through its strategically located petroleum terminals.
What do analysts say about BADG stock?
As of March 17, 2026, formal analyst ratings for Badger State Ethanol, LLC (BADG) are unavailable due to its OTC listing and limited coverage. Investors should focus on the company's financial performance, market position, and industry trends to assess its potential. Key metrics to consider include ethanol production volume, revenue from co-products, and operating margins. Growth considerations involve expansion opportunities and the impact of government policies on renewable fuels. Note that due to the limited information available, any investment decision carries significant risk.
What are the main risks for BADG?
Badger State Ethanol, LLC faces several key risks inherent to the ethanol production industry. Fluctuations in corn prices can significantly impact production costs and profitability. Changes in government regulations, such as ethanol blending mandates, can affect demand. Competition from other ethanol producers and alternative fuels poses a constant threat. Economic downturns can reduce overall fuel consumption, impacting sales. Additionally, environmental concerns related to ethanol production processes could lead to increased regulatory scrutiny and compliance costs.
What are the key factors to evaluate for BADG?
Badger State Ethanol, LLC (BADG) currently holds an AI score of 46/100, indicating low score. Key strength: Established presence in the Upper Midwest.. Primary risk to monitor: Potential: Fluctuations in corn prices affecting production costs.. This is not financial advice.
How frequently does BADG data refresh on this page?
BADG prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven BADG's recent stock price performance?
Recent price movement in Badger State Ethanol, LLC (BADG) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Established presence in the Upper Midwest.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider BADG overvalued or undervalued right now?
Determining whether Badger State Ethanol, LLC (BADG) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying BADG?
Before investing in Badger State Ethanol, LLC (BADG), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available due to OTC listing.
- Financial data may not be fully transparent.
- Analyst coverage is limited.