Renewable Energy Stock Alert: Ceres (CERE) Follows on Yesterday's Run
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Point Roberts, WA - June 13, 2013 (Investorideas.com renewable energy newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors, including renewable energy stocks, issues a trading alert on energy crop stock, Ceres, Inc. (NasdaqGM:CERE). Ceres is trading at $4.50, up 0.60 or 15.38% as of 2:19PM EDT on over 8 Million shares. The stock had a morning high of $5.60.
The stock had a massive run, gaining over 75% yesterday, following an “outperform” rating restated by Raymond James in their research notes on Tuesday. This shows Wall Street analysts still have some power to recognize as investors chase the $7.00 target.
Ceres, Inc. is an agricultural biotechnology company that markets seeds for energy crops used in the production of renewable transportation fuels, electricity and bio-based products. The company combines advanced plant breeding and biotechnology to develop products that can address the limitations of first-generation bioenergy feedstocks, increase biomass productivity, reduce crop inputs and improve cultivation on marginal land. Its development activities include sweet sorghum, high-biomass sorghum, switchgrass and miscanthus. Ceres markets its products under its Blade brand.
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