Energy Crop Firm Ceres Jumps on Gene Mapping (CERE)
Ceres Inc. (NASDAQ: CERE) develops and sells crops that are used to produce feedstocks for the US biofuel industry. The company’s customers include ethanol makers, farmers, utilities, and independent power producers. The company and its Welch partner, Aberystwyth University, have…
Miscanthus is already used in Europe to produce biofuel, but in small quantities. The full genetic map developed by Ceres will speed up the development of different varieties of miscanthus.
Ceres, which came public only in late February, is up more than 18% today at $18.03 after posting a new post-IPO high of $18.70 earlier this morning.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
