Stock Track | Green Plains Surges on Hopes of Clean Energy Boost Under Potential Harris Presidency

Stock Track

2024-11-05

Shares of Green Plains Inc. (GPRE) soared 15.58% on Monday, November 4th, amid a broader rally in solar and clean energy stocks fueled by optimism over a potential election victory for Vice President Kamala Harris.

According to recent poll results, Harris has gained surprising momentum in Iowa, a state that favored former President Donald Trump in the previous two elections. This has ignited speculation that a Harris presidency could usher in more supportive policies for the renewable energy sector, including solar, wind, and biofuel initiatives.

Green Plains, a leading producer of biofuels and renewable chemicals, found itself among the biggest gainers as investors anticipated a potential boost for the company's prospects under a Harris administration. The stock closed at $13.27, marking its highest level since October 11th and representing the largest single-day percentage increase since February 7th.

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