Green Plains Stock Price, News & Analysis

Green Plains Inc. (NASDAQ: GPRE) announced significant changes in its Board structure, appointing Jim Anderson as Lead Independent Director. Alongside this, the Board amended its Bylaws to enhance shareholder rights, including a majority voting standard and reduced thresholds for special meetings. These updates aim to improve governance practices and accountability. The company is committed to refreshing its Board with diverse, qualified candidates, reinforcing its strategic transformation efforts as it moves towards Green Plains 2.0, aimed at sustainability and innovation in biorefining.

Green Plains Inc. (NASDAQ: GPRE) has announced the retirement of director Gene Edwards after seven years, as part of a board refreshment initiative aimed at enhancing diversity. The company is actively seeking diverse candidates to fill the vacant position before the 2022 annual meeting. Additionally, the board has rotated key committee leadership roles, appointing Kim Wagner as chair of the Nominating and Governance Committee and Brian Peterson as chair of the Compensation Committee, while Martin Salinas, Jr. remains audit committee chair. The board size is also set to reduce to eight by the 2023 annual shareholders meeting.

Green Plains Inc. (NASDAQ: GPRE) has commenced construction of Fluid Quip Technologies’ MSC™ system at its Mount Vernon site, marking the fourth installation of this technology. Expected to be operational by 2022, the system will produce approximately 54,000 tons of Ultra-High Protein feed per year and enhance renewable corn oil output by 50%. This initiative is part of the company’s strategy to meet rising global protein demands and drive its transformation into a sustainable biorefinery platform.

Green Plains Inc. (NASDAQ:GPRE) has completed an underwritten public offering of 5,462,500 shares of common stock at $32.00 each, generating approximately $164.9 million in net proceeds. The offering included the underwriters' overallotment option of 712,500 shares. The funds are intended for growth investments to accelerate downstream development opportunities. Jefferies and BofA Securities led the offering, with additional participation from several co-managers. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Green Plains Inc. (NASDAQ:GPRE) announced the pricing of a public offering of common stock amounting to $152.0 million at $32.00 per share, up from a previously planned $150.0 million offering. The estimated net proceeds to the company are around $143.3 million after expenses. A 30-day option is granted to underwriters to purchase an additional 712,500 shares. The funds will be directed towards growth investments aimed at accelerating downstream development opportunities. The offering is set to close on August 9, 2021.

Green Plains Inc. (NASDAQ:GPRE) announced a public offering of $150 million in common stock, with an additional $22.5 million available for over-allotments. The proceeds will primarily fund growth investments aimed at enhancing downstream development opportunities. Jefferies and BofA Securities serve as joint book-running managers for the offering. This offering aligns with Green Plains’ strategy to leverage fermentation and biological technologies, reinforcing its commitment to sustainable practices in biorefining.

Green Plains has launched a transformative turnkey solution for the installation of Fluid Quip Technologies’ MSC™ system, marking a significant shift in the biofuels industry. The company has formed a joint venture with Tharaldson Ethanol, a leading biofuel producer, to enhance production capacity. Green Plains will provide up to 50% of capital and handle marketing for Ultra-High Protein and renewable corn oil. The initiative aims for 105,000 tons of protein production annually, with further partnerships planned to scale operations.

Green Plains Inc. (NASDAQ: GPRE) reported a net income of $9.7 million, or $0.20 per diluted share, for Q2 2021, compared to a loss of $8.2 million in Q2 2020. Revenues surged to $724.4 million, up 86.7% year-over-year, driven by increased ethanol and distillers grains sales. The consolidated crush margin improved to $0.37 per gallon. The company is advancing its Ultra-High Protein and renewable corn oil initiatives, establishing construction partnerships, and expanding its carbon capture strategies. Strong cash reserves of $615.4 million support ongoing transformation plans.

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will participate in a fireside chat at the Jefferies Virtual Industrials Conference on August 3, 2021, at 11:00 a.m. EDT. The company will also engage in virtual meetings with institutional investors on the same dates. Materials for the conference, including the live webcast and recording, will be available on the company’s Investors page. Green Plains Inc. focuses on biorefining, producing low-carbon biofuels, renewable feedstocks, and high-purity alcohols, and is a leading producer of Ultra-High Protein ingredients for sustainable protein needs.