Biofuels Digest Indexâ„¢ flat at 121.93 as Pacific Ethanol soars on DOE grant award

The Biofuels Digest Indexâ„¢ (BDI) remained flat yesterday, rising 0.02 percent to 121.93 as slight increases at Archer Daniels Midland (ADM) and a bullish roar on Pacific Ethanol (PEIX) offset a biofuels investor retreat.

For the day, declines led advances 5 to 2, with Archer Daniels Midland (ADM) up 0.12 percent to $42.99, and Pacific Ethanol (PEIX) leaping 11.49 percent to $6.21 on news that it had received a $24 million grant from the Department of Energy for its cellulosic ethanol developments.

Among small caps, Green Plains Renewable Energy GPRE) was up 5.74 percent to $12.16, but biofuels stocks and the broader market failed to rally on the half-point interest rate cut by the Federal Reserve.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Biofuels Digest Index is flat at 60.18; large caps up, biodiesel falls

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, remained flat at 60.18 down 0.02 percent from Wednesday's close.  For the day, Archer Daniels Midland (ADM) lifted 0.59 percent...

Biofuels Digest Index soars 7.42 percent to 50.94 as market see-saw continues

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 7.42 percent to 50.94 as markets see-sawed another day and ethanol stocks generally advanced.  Archer Daniels Midland (A...

Biofuels Digest Indexâ„¢ gains 0.04 percent to reach new 52-week high of 112.55 despite Pacific Ethanol plant cancellation

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 0.04 percent yesterday in flat trading to close at 112.55. The close represented a 52-week high for the Index. Losers and ...

Biofuels Digest Index soars 5.48 percent to 56.59 as large-caps, ethanol pure-plays advance

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, bounced up 5.48 percent to 56.59 on big gains by large caps and ethanol pure-plays.  Archer Daniels Midland (ADM) soared 8.89 p...

Biofuels Digest Index soars 5.99 percent to 3-month high of 56.06

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, soared 5.99 percent to 56.06, as large caps advanced again. The Index reached its highest point since January, as Archer Daniel...

Biofuels Digest Indexâ„¢ falls 3.04 percent to 116.91 as January meltdown continues

The Biofuels Digest Index™, a basket of public biofuels stocks, fell 3.04 percent to 116.91 on concerns over the economy and the effect of rising commodity prices on ethanol margins.  Every s...