CropEnergies AG: Cheap, Liquid No Coverage

Cropenergies AG (ETR:CE2) (FRA:CE2) is a Germany-based producer of bioethanol for the fuel sector, as well as of protein feedstuff. Its main brands are ProtiGrain and CropPower85. The company still trades at a PE of below 10, slightly over book value, and has excellent growth prospects. Despite a market cap of $500 million, this German…

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