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Biofuels Digest Index gains 0.46 to close at 125.08 despite continuing weakness of Aventine

February 26, 2008

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, recovered 0.46 percent Monday to close at 125.08 as diversified agribusiness strengthened while ethanol stocks continued on a general downswing.  For the day, The Andersons (ANDE) gained 3.73 percent to lead diversified agribusiness stocks.  Among ethanol stocks, Aventine Renewable Energy (AVR) fell another 6.05 percent to $6.52 after Goldman Sachs downgraded the stock to “sell”, but Pacific Ethanol (PEIX) was up 5.26 percent to $5.80. Among small caps, Environmental Power (EPG) rose 4.95 percent to close at $4.88.  For the day, declines led advances 2 to 1.

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    Written by Jim Lane · Filed Under Biofuels Digest Index (BDI), Stock & Financial Outlook 

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