Did you know that there are indications that the Neolithic people used ethanol as a beverage 9,000 years ago? Ethanol was first used as fuel in 1840 as lamp fuel. With the price of oil above $90 a barrel, fuel alternatives such as ethanol are receiving closer examination.
The top ten ethanol related stocks ranked by P/E ratio, with market caps over $350 million, are listed below:
Freightcar America Inc. (RAIL)manufactures railcars used for hauling ethanol and grains. The stock has a P/E of 5.4, and a yield of 0.70%. Valero Energy Corp. (VLO) began supplementing its gasolines with ethanol in 2006. The stock has a P/E of 6.6, and a yield of 0.70. Aventine Renewable (AVR) produces and sells ethanol. The stock has a P/E of 8.6. Tesoro Corp. (TSO) sells ethanol-blended gasoline. The stock has a P/E of 8.9, and a yield of 0.70%. Archer Daniels Midland (ADM) is involved in corn and oilseeds processing. The stock has a P/E of 10.7, and a yield of 1.20%. Toyota Motor Corp. (TM) developing ethanol-fueled vehicles. The stock has a P/E of 11. Dow Chemical Co. (DOW) involved in partnership to use ethanol derived from sugar cane to produce ethylene. The stock has a P/E of 11.9, and a yield of 4.20%. US BioEnergy (USBE) is a grain distiller, and seller of ethanol. The stock has a P/E of 12. The Andersons (ANDE) is involved in the management of ethanol production facilities and grain and ethanol trading. The stock has a P/E of 12.6, and a yield of 0.70%. DuPont (DD) developed a measurement and reporting system to increase ethanol production. The stock has a P/E of 13, and a yield of 3.60.
A list of all the stocks related to ethanol in some way, in an Excel format, which can be added to and changed, can be found at WallStreetNewsNetwork.com.
Disclosure: The author does not own any of the above.