Green Plains Renewable Energy gains, swings to a profit in Q1
Shares of Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) are advancing in pre-market trading after the ethanol producer said this morning that it swung to a profit in the first quarter from its fiscal 2007 fourth quarter, helped by low-cost production of ethanol, net gains from commodity derivatives and a gain from the elimination of deferred income tax assets.
Shares jumped 19%, or $1.79, to $11.11 ahead of the opening bell. For detailed price information and recent news stories about Green Plains Renewable Energy, click GPRE.
