Biofuels Digest Indexâ„¢ rockets up 1.62% as sector recovers

The Biofuels Digest Indexâ„¢, a basket of 21 public biofuels stocks, rose 1.62% to 99.28 following a pummeling earlier in the week. The Index remains down for the week as a whole but has recovered substantially from big losses triggered by analyst downgrades on weak ethanol pricing and rising costs.

Star performers were primarily among services companies, with Environmental Power (EPG) up 9.38% to $6.30 and Green Plains Renewable Energy up 4.57% to $10.71. Winners outpaced losers 3 to 1, with losses primarily occuring for microcap stocks, excepting MGP Ingredients down 4.6% to $11.62.

In the broader markets, the Dow was up 99.50 points to 13.878.15, the S&P 500 up 8.21 points to 1525.42 and the Nasdaq up 15.58 to 2699.03. All sectors including biofuels were assisted by news that the UAW strike against General Motors had been ended.

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