Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

Ceres Gets One More Shot At Its Sweet Sorghum Trials

Executive summary:

Ceres, a producer of genetically-engineered bioenergy feedstocks, has seen its price fall by 92% since its IPO due to a lack of global demand for lignocellulosic feedstocks and consecutive poor growing seasons in Brazil. The most recent hit to its share price came after the company reported highly variable sweet sorghum trial yields in its FQ3 2013 earnings report. While investors now appear to be concerned about the company's risk of default, it has enough cash to last it through another round of consumer trials. The stock is a highly speculative play on the results of these future trials.

Ceres (NASDAQ:CERE), a producer of genetically-engineered bioenergy feedstocks, has seen its share price fall by 64% in...

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