Renewable Energy Stock Alert: Ethanol Stock Pacific Ethanol (NASDAQ:PEIX) on the Run
Category: Investment, Renewable Energy
News about Pacific Ethanol, Inc.
New York, NY - April 20, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy sector research for independent investors, issues a trading alert for Pacific Ethanol, Inc. (Nasdaq: PEIX) trading at $1.0199, up 0.1691 (19.88%) as of 2:39PM EDT on over 6.3Million shares. The stock has traded as high as $1.09 in today’s session and has a 52-week high of $3.71.
Pacific Ethanol, Inc. (NASDAQ: PEIX) is the leading marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol also sells co-products, including wet distillers grain (WDG), a nutritional animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has a 34% ownership interest in New PE Holdco LLC, the owner of four ethanol production facilities. Pacific Ethanol operates and manages the four ethanol production facilities, which have a combined annual production capacity of 200 million gallons. The facilities in operation are located in Boardman, Oregon, Burley, Idaho and Stockton, California, and one idled facility is located in Madera, California. The facilities are near their respective fuel and feed customers, offering significant timing, transportation cost and logistical advantages. Pacific Ethanol’s subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol’s managed plantsand from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG. www.pacificethanol.net
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