PRICE/VOLUME SURGE: VeraSun/Ethanol (VSE, PEIX, AVR)
We are seeing a surge in the price of VeraSun Energy, Corp. (NYSE: VSE) has just opened up 10% or higher at $7.87 after the company beat earnings expectations. The ethanol producer posted $0.16 EPS vs. $0.02 estimates and revenues were up to $1.02 Billion vs. $920M estimates. At 9:33 AM EST we have seen [...]
Price/Volume Spike Alert: Verenium Corp. (VRNM, BP)
Verenium Corp. (NASDAQ: VRNM) is spiking significantly higher in pre-market trading. The company signed a biofuel production pact with BP plc (NYSE: BP). The pact will lead to cellulosic ethanol production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months. The market cap before today’s spike [...]
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