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 completed the first comprehensive genetic map of a plant called miscanthus. The new map promises to shorten the time needed to develop crops with maximum energy potential.
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.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
