The biofuel index has been updated to reflect the delisting of Aventine (AVR). Great Plains Renewable Holdings (GPRE) has been included in the index which still contains nine companies. Additional updates may be necessary if other index constituents decline futher in market cap or file for Chapter 11 (or its equivalent).
Posts tagged ‘GPRE’
A once growing group of public companies continues to shrink. We have discontinued coverage on Aventine Renewable Enery Holdings (AVR) due to its April 8, 2009 Chapter 11 filing. It joins Panda Ethanol which was delisted after its Hereford subsidiary filed Chapter 11 on January 23, 2009.
After these filing there only remain five (5) publicly traded, pure-play corn ethanol companies with market cap greater than USD 10 million. Only Great Plains Renewable (GPRE) has a market cap greater than USD 50 million.