5 Best Ethanol Stocks To Buy Now

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In this article, we discuss 5 best ethanol stocks to buy now. If you want to read about some more ethanol stocks, go directly to 10 Best Ethanol Stocks To Buy Now.

5. Green Plains Inc. (NASDAQ:GPRE)

Number of Hedge Fund Holders: 22    

Green Plains Inc. (NASDAQ:GPRE) produces, markets, and distributes ethanol in the United States and internationally. It is one of the premier ethanol stocks to invest in. On July 2, the firm posted earnings for the second quarter of 2022, reporting earnings per share of $0.73, beating market estimates by $0.58. The revenue over the period was $1.01 billion, up over 39% compared to the revenue over the same period last year and beating analyst estimates by $80 million. The firm is based in Nebraska and was founded in 2004.

The ethanol segment of Green Plains Inc. (NASDAQ:GPRE) produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil. The agribusiness segment engages in the grain procurement, handling, and storage activities. 

At the end of the second quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $172 million in Green Plains Inc. (NASDAQ:GPRE), compared to 20 in the previous quarter worth $252 million.

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