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VLO - What President Trump's Biofuels Plan Means For Ethanol Investors
Valero Energy Corporation
The share prices of U.S. independent biofuel producers have followed up on one of their worst 4-month stretches in recent years by rallying mightily over the last two weeks. The shares of ethanol producers Green Plains, Inc. (GPRE), Pacific Ethanol (PEIX), REX American Resources (REX) and biomass-based diesel producer Renewable Energy Group (REGI) have handily outperformed the S&P 500 since August 28 by as much as 44 percentage points (see figure).
Data by YCharts
The cause of this rebound was President Donald Trump's August 29 announcement made