Invesco grabs 15.8 million shares of VeraSun Energy, stabilizing ethanol stocks

In South Dakota, Invesco announced that it has acquired 15.88 million shares of VeraSun Energy (VSE), prompting the company’s share prices to rise to a closing price of $1.90. The company, which announced significant losses from hedging operations over the summer and delayed the opening of two new ethanol plants, had seen its stock price fall from $17.75 to a low of $1.55 in the past 12 months. The company will have a capacity of 1.64 billion gallons of production by year end, according to company officials.

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