Biofuels Digest Index sinks to 62.51 as GEVO, KIOR plummet

The Biofuels Digest Index, an index of publicly traded biofuels stocks, dumped 3.90 percent to 62.51 as advanced biofuels crashed. For the day, Gevo (GEVO) plunged 27.11 percent to $1.21 after a dilutive equity offering, while KiOR (KIOR) sank 12.79 percent to $1.50. Among other equities, Renewable Energy Group (REGI) fell 4.87 percent to $10.36. Overall, declines led advances 5 to 1 for the day.