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Hot Stock – Green Plains Renewable Energy

Feb 22, 2010 Earnings, Stock to watch, Stocks

Shares of ethanol producer, Green Plains Renewable Energy (GPRE) was among the biggest percentage gainer among NASDAQ stocks today. The stock rallied $2.85 to $16.99, a whopping 20.16% gain, with the movement in the stock coming on the back of the company’s latest earnings results.

The company this morning, announced that for it’s most recent fourth quarter period, it recorded a profit of $23.1 million, which translates into $0.91 per share, on revenue of $436.7 million. This compares to revenue of $183.2 million and a loss of $1.8 million or ($0.08) per share in the fourth quarter of 2008.

The company credited higher ethanol demand for the stellar earnings. The higher demand for the company’s products, also helped to improve margins.

For the full year, the company earned $19.8 million, or $0.79 cents per share, on revenue of $1.3 billion.
Green Plains Renewable Energy started 2009 at $2 after a steep decline through 2008, but has been one of the strongest performers among the entire universe of US stocks in the last 12-14 months, climbing over 750% in just over a year.

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This entry was posted on Monday, February 22nd, 2010 at 6:04 pm and is filed under Earnings, Stock to watch, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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