Biofuel/renewable chemical makers Gevo (GEVO +4.4%) and Solazyme (SZYM +3.4%) rally after...

|By:, SA News Editor

Biofuel/renewable chemical makers Gevo (GEVO +4.4%) and Solazyme (SZYM +3.4%) rally after Canaccord starts coverage with Buy ratings (I, II). Canaccord sees Gevo ramping production of its chemicals over the next 12 months, and thinks a resolution of BP and DuPont's lawsuit would be a positive. Solazyme, meanwhile, is praised for its ability to produce "tailored oils" addressing huge market opportunities.