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Another renewable energy company where insiders are snapping up shares in is KiOR ( KIOR), a development stage company, focuses on operating as a renewable fuels company. Through its proprietary biomass-to-renewable fuel technology platform, it converts non-food biomass into hydrocarbon-based oil. This stock has done absolutely nothing so far in 2011, with shares up by just 0.3%.

KiOR has a market cap of $1.52 billion and an enterprise value of $1.51 billion. This stock isn't cheap, trading at a forward price-to-earnings of 30. This company has a decent cash position on its balance sheet, with $21.95 million in cash and $9.23 million in total debt, which comes out to $12.72 million in net cash.

A beneficial owner just bought 115,828 shares, or $1.7 million worth of stock, at $14.95 to $15.05 per share. This same insider also bought millions worth of KIOR stock in late June.

From a technical standpoint, this stock recently hit a high of $15.50 a share but has since pulled back towards its current price of $15 a share. The stock is still holding a pattern of higher lows, which is bullish as long as that pattern isn't broken.

The way I would play KIOR is to wait for a major breakout above $15.50 a share. If you see the stock take out that level to the upside on strong volume, then look to load up on this stock. Since KIOR is a recent IPO, a breakout above $15.50 will attract momentum investors who love to buy stocks that are printing new highs.

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