The Digest adds six, drops nine from Digest Bioeconomy Index, reflecting diversification, market cap shifts

July 27, 2015 |

In Florida, The Digest announced six additions and nine drops from the Digest Equity Index, an index of publicly traded advanced bioeconomy stocks. Corbion, Deinove, Global Bioenergies, Green Plains Partners, UPM and Waste Management were added to the Index, while Algae.Tec, BP, Ceres, Eni, Green Earth Technologies, OriginClear, Shell, Total and Valero were dropped.

“Some very good companies with market caps that have dropped below $20 million will not be included in the Index for the time being,” commented Digest editor Jim Lane. “Simply put, their percentage of the overall market cap was so low that their stock movements aren’t able to ‘move the needle’ in the Index and reflect market sentiment. But we’ll continue to cover them editorially elsewhere in The Digest. At the same time, we trimmed a number of oil refiners and integrated oil companies, in recognition that their adoption rates for biofuels have slowed and their stock price overwhelmingly reflects sentiment for fossil energies.

“We added a number of companies, primarily from the EU, who have made substantial progress in recent years, in moving towards biotechnology as a value-add or as a primary value-driver, and we think these are great bellwether stocks for the advanced bioeconomy moving forward.”

Category: Fuels

Thank you for visting the Digest.