produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; and co-products, such as wet and dry distillers grains, wet and dry corn
gluten feed, condensed distillers solubles, corn
gluten meal, corn
germ, corn oil
, dried yeast, and CO2, as well as markets ethanol produced by third parties. The company also offers ethanol transportation, storage, and delivery services through third-party service providers. It sells ethanol to integrated oil
companies and gasoline marketers; distillers grains and other feed co-products to dairies and feedlots; and corn oil
to poultry and biodiesel customers. The company owns and operates nine ethanol production facilities, including four plants located in the Western states of California, Oregon, and Idaho; and five plants in the Midwestern states of Illinois and Nebraska. Pacific Ethanol
was founded in 2003 and is headquartered in Sacramento, California.
I think this is the beginning of something huge. As I noted, the stock hit a high of $4672.50 in 2006.
Demand for Alcohol products in the United States and around the World is outstripping supply as can be seen in Pacific Ethanol's last earnings
The company continues to pay down its debt too.
August 11, 2020
Shares of Pacific Ethanol
(NASDAQ:PEIX) moved higher by 38.29% in after-market trading after the company reported Q2 results. Quarterly Results Earnings
per share rose 258.82% over the past year to $0.27, which beat the estimate of ($0.20). Revenue of $212,074,000 beat the estimate of $174,200,000.
This is a pure turnaround play in my opinion with a lot of room to run a lot higher.
with most indicators trending up, Bullish
The stock continues to make new 52-week highs.
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.