24/7 Wall St.
08-06-2008, 10:30 AM
24/7 Wall St. Daily News
We noticed Verenium Corp. (NASDAQ: VRNM) over at our "price/volume spike" this morning and realized what the cause was. The company's stock is gapping up significantly after announcing that it has secured a biofuel production pact with BP plc (NYSE: BP). The pact will lead to cellulosic ethanol development and commercial production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months.http://feeds.feedburner.com/~f/typepad/RyNm?i=Qb78JK</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Qb78JK) http://feeds.feedburner.com/~f/typepad/RyNm?i=UaSVaK</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=UaSVaK) http://feeds.feedburner.com/~f/typepad/RyNm?i=T3fvsk</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=T3fvsk)
complete story here... (http://www.247wallst.com/2008/08/verenium-scores.html)
We noticed Verenium Corp. (NASDAQ: VRNM) over at our "price/volume spike" this morning and realized what the cause was. The company's stock is gapping up significantly after announcing that it has secured a biofuel production pact with BP plc (NYSE: BP). The pact will lead to cellulosic ethanol development and commercial production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months.http://feeds.feedburner.com/~f/typepad/RyNm?i=Qb78JK</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Qb78JK) http://feeds.feedburner.com/~f/typepad/RyNm?i=UaSVaK</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=UaSVaK) http://feeds.feedburner.com/~f/typepad/RyNm?i=T3fvsk</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=T3fvsk)
complete story here... (http://www.247wallst.com/2008/08/verenium-scores.html)