Biofuels Producer Green Plains Plans Revamp as Shares Plunge

Bloomberg

08 Feb

(Bloomberg) -- Green Plains Inc. said it is reorganizing to slash costs as Chief Executive Officer Todd Becker struggles to expand the biofuels company into a seller of high-value products made from corn. Shares fell as much as 20%, the most since March 2020.

The CEO on Friday blamed a weak domestic ethanol market as it posted a much wider-than-expected loss.

The company is undertaking a revamp, including a smaller workforce, over the next few months that seeks to save up to $50 million annually. Green Plains’ board is continuing its strategic review to consider options, including a possible sale.

Shares have plummeted more than 60% in the past 12 months. Becker has been attempting to transform the company from primarily a traditional ethanol producer into a cutting-edge agribusiness making high-value ingredients from corn for the food, industrial and advanced renewable fuel industries.

The company’s poor performance prompted activist investor Ancora Holdings Group to call for a sale of the company, leading Green Plains to start a formal review last year.

©2025 Bloomberg L.P.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2509729081"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2509729081\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2509729081?lang=en_US&edition=fundamental","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/6POROPZHDNTQGXXEKVF4TAUDU4.jpg?smart=true&auth=764dbf1fa2ae1d1f61c8a28269051a785e99452c62645d85a898661f7b4a4c39&width=500&height=333","is_english":true,"pubTime":"2025-02-08 00:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2509729081","market":"sg","top_or_hot":-1,"title":"Biofuels Producer Green Plains Plans Revamp as Shares Plunge","media":"Bloomberg","content":"<html><body><article><p>(Bloomberg) -- Green Plains Inc. said it is reorganizing to slash costs as Chief Executive Officer Todd Becker struggles to expand the biofuels company into a seller of high-value products made from corn. Shares fell as much as 20%, the most since March 2020. </p><p>The CEO on Friday blamed a weak domestic ethanol market as it posted a much wider-than-expected loss. </p><p>The company is undertaking a revamp, including a smaller workforce, over the next few months that seeks to save up to $50 million annually. Green Plains’ board is continuing its strategic review to consider options, including a possible sale. </p><p>Shares have plummeted more than 60% in the past 12 months. Becker has been attempting to transform the company from primarily a traditional ethanol producer into a cutting-edge agribusiness making high-value ingredients from corn for the food, industrial and advanced renewable fuel industries. </p><p>The company’s poor performance prompted activist investor Ancora Holdings Group to call for a sale of the company, leading Green Plains to start a formal review last year.</p><p>©2025 Bloomberg L.P.</p></article></body></html>","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biofuels Producer Green Plains Plans Revamp as Shares Plunge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiofuels Producer Green Plains Plans Revamp as Shares Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-08 00:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/investing/commodities/2025/02/07/biofuels-producer-green-plains-plans-revamp-as-shares-plunge/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Green Plains Inc. said it is reorganizing to slash costs as Chief Executive Officer Todd Becker struggles to expand the biofuels company into a seller of high-value products made from ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/investing/commodities/2025/02/07/biofuels-producer-green-plains-plans-revamp-as-shares-plunge/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823414478.USD","symbol_name":"法巴经典能源转换基金","start_time":0,"source_url":"https://www.bnnbloomberg.ca/investing/commodities/2025/02/07/biofuels-producer-green-plains-plans-revamp-as-shares-plunge/","article_id":"2509729081","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/6POROPZHDNTQGXXEKVF4TAUDU4.jpg?smart=true&auth=764dbf1fa2ae1d1f61c8a28269051a785e99452c62645d85a898661f7b4a4c39&width=500&height=333"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509729081","pubTimestamp":1738946181,"columns":[],"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"Green Plains Inc. said it is reorganizing to slash costs as CEO struggles to expand the biofuels company into a seller of high-value products made from corn.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","GPRE":"绿色平原能源","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4138":"石油与天然气的炼制和营销"},"translate_title":"随着股价暴跌，生物燃料生产商Green Plains计划进行重组","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GPRE":1},"content_text":"(Bloomberg) -- Green Plains Inc. said it is reorganizing to slash costs as Chief Executive Officer Todd Becker struggles to expand the biofuels company into a seller of high-value products made from corn. Shares fell as much as 20%, the most since March 2020. The CEO on Friday blamed a weak domestic ethanol market as it posted a much wider-than-expected loss. The company is undertaking a revamp, including a smaller workforce, over the next few months that seeks to save up to $50 million annually. Green Plains’ board is continuing its strategic review to consider options, including a possible sale. Shares have plummeted more than 60% in the past 12 months. Becker has been attempting to transform the company from primarily a traditional ethanol producer into a cutting-edge agribusiness making high-value ingredients from corn for the food, industrial and advanced renewable fuel industries. The company’s poor performance prompted activist investor Ancora Holdings Group to call for a sale of the company, leading Green Plains to start a formal review last year.©2025 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}