Published on 20 Mar 2024 on Insider Monkey via Yahoo Finance
11 Best Ethanol Stocks To Invest In Now
In this piece, we will take a look at the 11 best ethanol stocks to invest in now. If you want to skip our overview of ethanol and its potential to reduce emissions and maintain the performance edge enjoyed by fossil fuels, then you can take a look at the 5 Best Ethanol Stocks To Invest In Now.
Ethanol is an alcohol, meaning that it's made of just three elements namely Carbon, Hydrogen, and Oxygen. This provides it with the same natural ingredients as gasoline, and it also makes it suitable for a variety of industrial use cases such as cleaning, sanitation, and making other chemicals. Ethanol's mixture with gasoline is called gasohol and is available in everyday fuel stations.
Since ethanol is an alcohol, unlike gasoline which is an alkene, it is cleaner burning. This makes it suitable for green energy use cases, a reality that stock market investors are also aware of. As part of our coverage of 12 Most Promising Green Stocks According to Analysts, we took a look at which clean energy stocks hedge funds are investing in. This revealed that out of the 12 stocks that had the greatest number of hedge fund investors out of the 910 that were part of Insider Monkey's database as of September 2023 end, two were ethanol companies. These two ethanol stocks are REX American Resources Corporation (NYSE:REX) and Green Plains Inc. (NASDAQ:GPRE) and their latest share price upside percentage as of March 2024 is 22% and 69%, respectively.