Why KiOR Inc (KIOR) Plummeted on Thursday

NEW YORK (TheStreet) -- KiOR Inc (KIOR) plunged on Thursday after cancelling its scheduled release of fourth-quarter results.

By market close, shares had taken off 9.6% to $1.13.

The Pasadena, Texas-based company gave no reason for the cancellation but said it has deferred its release and conference call until its 10-K form has been filed with the SEC on or before March 17.

Must Read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Analysts surveyed by Thomson Reuters forecast a net loss of 39 cents a share and revenue of $1.5 million for its December-ended quarter. Over fiscal 2013, analysts predict a net loss of $1.46 a share and revenue of $2.62 million.

The renewable biodiesel developer has fallen through the week, in step with losses sustained by companies in the fuel-cell sector. The sell-off was sparked by Plug Power (PLUG) on Tuesday after Citron Research released a report which said the company would be fairly valued at 50 cents.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat