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December 07, 2007 | Jim Lane | Comments 0

Biofuels Digest Indexâ„¢ rises 3.03 percent to 52-week high of 110.31 as House energy bill cheers biofuels investors

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 3.03 percent to a 52-week high of 110.31, as all biofuels sectors soared on passage of the House Energy Bill with a 36 billion gallon ethanol mandate.

Archer-Daniels-Midland (ADM) rose w,85 percent to $37.88 to lead large cap diversified agribusiness. Pacific Ethanol (PEIX) was up 7.30 percent to $6.03 to lead the midcap ethanol stock sector, while BioSolutions Manufacturing (BSLM.OB) rose 50 percent to $0.06. Overall, winners led losers more than 7 to 1 for the day.

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    Filed Under: Biofuels Digest Index (BDI)Stock & Financial Outlook

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