Renewable Energy Trading Alert; BioFuel Energy Corp. (NasdaqCM: BIOF) Gains over 20%
Category: Investment, Biofuel, Renewable Energy
Visit this company: www.bfenergy.com
Point Roberts, WA - October 27, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research, releases a trading alert for BioFuel Energy Corp.(NasdaqCM: BIOF). The stock is trading up at 0.2579 0.0479 (22.81%) 1:55PM EDT.
The Company recently announced that it will be releasing its third quarter 2011 earnings on Wednesday, November 9, 2011, after the market closes.
A report released on 11 October, "Biofuel Markets and Technologies" by Pike Research notes that the global biofuel market will double within the next decade to $183.3 billion from its current level of $82.7 billion, with ethanol production accounting for $78 billion of future worldwide biofuel production, while predicting that biodiesel production will reach $25.5 billion. Perhaps not surprisingly, Pike Research predicts that the US will become the world's leading biofuel producer, accounting for 71 percent of alternative fuel by 2021.
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