Renewable energy stocks rise on Farm Bill news

from Houston Chronicle online

NEW YORK — Renewable energy stocks rose Friday after the Senate passed a revised energy bill, and solar-power companies reported new contracts.

The bill _ passed by a vote of 86 to eight _ raised sixfold the amount of renewable fuels that must be used for blending of products like gasoline, to 36 billion gallons a year by 2022. The legislation boosted ethanol stocks Friday...

Pacific Ethanol Inc. led gains in ethanol stocks, rising 65 cents, or 10.8 percent, to $6.69 in midday trading. Aventine Renewable Energy Holdings Inc. rose $1.10, or 10.7 percent, to $11.39, while BioFuel Energy Corp. rose 46 cents, or 8.1 percent, to $6.12, and Verasun Energy Corp. rose $1, or 7.1 percent, to $15.

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