The stock went up about 10% on the news yesterday and an additional 6% today so far (2:41 PM EST) after being on a tremendous slide and a recent downgrade. I think opening of the plant marks an important milestone for this company. It is no longer a ethanol stock without any production. Neil Koehler, CEO also stated, “We remain on schedule to develop 220 million gallons of production capacity by the middle of 2008 and 420 million gallons by the end of 2010.”
If you still believe in the whole Ethanol story you might want take a look at Pacific Ethanol at these levels.
PEIX 1-yr chart: