Alto Ingredients is trading 10% down at $4.55 after investors sold the stock despite a strong second-quarter earnings report. - Revenue was $245.7 million, EPS was $0.15, and net income was $11.4 million, beating estimates and reversing last year’s loss. - Management reaffirmed 2026 production growth and expects approximately $15 million from 45Z tax credits. - Coverage suggests a negative earnings reaction or profit-taking; broader materials strength does not explain the decline.