Green Plains Stock Price, News & Analysis

On March 23, 2021, Green Plains Inc. (NASDAQ:GPRE) announced the successful sale of its ethanol plant in Ord, Nebraska, to GreenAmerica Biofuels Ord LLC for $64 million, alongside a working capital agreement. Additionally, Green Plains Partners LP (NASDAQ:GPP) finalized the sale of storage and certain rail assets for $27 million, with the proceeds allocated to debt repayment. This strategic divestiture suggests a focus on optimizing business operations and improving financial health.

Green Plains Inc. (NASDAQ:GPRE) announced its participation in the virtual 4th Annual Truist Securities 2021 Utilities, Midstream & Alternative Energy Summit on March 25, 2021. The company is dedicated to utilizing fermentation, agricultural, and biological technologies to produce low carbon biofuels, renewable feedstocks, and high purity alcohols. Green Plains is also known for its innovative Ultra-High Protein ingredients aimed at sustainable protein production. Materials from the conference will be available on the company's Investors page.

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will present at the 33rd Annual ROTH Conference on March 16, 2021, at 9:30 a.m. ET. This event will be available via live webcast and replay on the Investors page of their website. Green Plains is a leading biorefining company focused on sustainable processes for renewable crops, producing low carbon biofuels, renewable feedstocks, and high purity alcohols. The company also innovates in Ultra-High Protein production for sustainable protein markets.

On March 4, 2021, Green Plains Inc. (NASDAQ:GPRE) announced a partnership with Fluid Quip Technologies, contracted to implement its Flex Plant Technology at Sao Martinho's Boa Vista sugarcane facility. This technology enables ethanol plants to operate year-round by integrating corn processing. CEO Todd Becker highlighted the partnership's significance in enhancing production flexibility and profitability while reducing carbon intensity. The collaboration reflects the investments made by BlackRock and Ospraie Management, showcasing Green Plains' innovative approach to sustainable agriculture and biofuel production.

Green Plains Inc. (NASDAQ:GPRE) announced the completion of public offerings totaling approximately $413.6 million, including 8,751,500 shares of common stock and $230 million in 2.25% convertible senior notes due 2027. The estimated net proceeds from these offerings are about $191.1 million from stock and $222.5 million from notes. The proceeds will primarily be used to repurchase 2022 convertible notes and for general corporate purposes. The 2.25% notes are redeemable after March 15, 2024, under certain conditions.

Green Plains Inc. (NASDAQ:GPRE) will engage in virtual meetings with institutional investors at the 2021 Credit Suisse Energy Summit on March 2, 2021, starting at 8:30 a.m. EST.

Investors can access conference materials on the company’s website. Green Plains is recognized for its innovation in biorefining, focusing on sustainable production of biofuels and high-purity alcohols. The company also offers Ultra-High Protein ingredients for animal and aquaculture diets, addressing the demand for sustainable protein sources.

Green Plains Inc. (NASDAQ:GPRE) has priced its underwritten public offerings, raising approximately $375.0 million. This includes $175.0 million from common stock at $23.00 per share and $200.0 million from 2.25% convertible senior notes due in 2027. The company aims to use $156.3 million of the net proceeds to repurchase 4.125% convertible notes due 2022. The offerings are expected to close on March 1, 2021, with options for underwriters to purchase additional shares and notes. Jefferies and BofA Securities act as joint book-running managers.

Green Plains Inc. (NASDAQ:GPRE) has achieved a significant milestone by producing 58% sustainable Ultra-High Protein at its Shenandoah, Iowa biorefinery, utilizing Fluid Quip’s proprietary MSC protein technology. Initial product quantities have been delivered to pet food partners for formulation studies, indicating enhanced nutritional properties. This advancement supports the company's transformation strategy aimed at financial goals for 2024. Plans are in motion to implement similar technology across additional biorefineries, with initial sales agreements established for 2021 production.

Green Plains Inc. (NASDAQ: GPRE) announced intentions to offer $150 million in common stock and $150 million in convertible senior notes due 2027, subject to market conditions. The convertible notes will allow conversion to cash, shares, or a mix of both. The company plans to utilize proceeds for repurchasing existing convertible notes due 2022 and general corporate purposes. Underwriters have a 30-day option to purchase an additional $22.5 million in shares and notes. Jefferies and BofA Securities serve as joint book-running managers.