Buoyed by developments in the U.S. House of Representatives working on an energy bill that calls for more alternative fuel use, stocks in ethanol producers are rising.
This AP story, appearing on the financial web site Forbes.com, says the U.S. Senate has already approved an alternative-fuel rich version last week:
Friedman Billings Ramsey analyst Kevin Book expects the full bill to be released Thursday, with a vote coming in early July. He expects the bill will contain $15 billion to $20 billion in tax credits for alternative and renewable energy.
Here are the results from some key stocks in the sector:
Aventine Renewable Energy Holdings (nyse: AVR – news – people ) Inc. gained 94 cents, or 6.5 percent, at $15.45.
VeraSun Energy Corp. (nyse: VSE – news – people ) rose 5 cents to $13.30
Pacific Ethanol (nasdaq: PEIX – news – people ) Inc. lost 2 cents at $12.61.
US BioEnergy Corp., up 39 cents to $11.18.
Andersons Inc. (nasdaq: ANDE – news – people ) moved up 46 cents to $44.85.