Pacific Ethanol, Inc.
It’s been a challenging stretch for the domestic ethanol industry. “One of the toughest,” according to the Wall Street Journal, “in its three-decade history.” Recent events, though, have led even some of the fuel’s harshest critics to concede there could be a bit of light at the end of the tunnel.
If indeed there is good news, the beleaguered industry and its supporters will gladly take it. Cascading more »
If you were watching ethanol company stocks over the last five years, you’re probably suffering from a serious case of whiplash. They boomed with the fuel’s fortunes in 2008, crashed like everything else in 2009, recovered impressively in 2010, and then fell in both 2011 and 2012. So far this year most are up between 20% and 40%, but few investors believe these gains will prove sustainable.
Producers more »
Two weeks ago hedge fund manager David Einhorn upped his stake in BioFuel Energy Corp (NASDAQ: BIOF) and the stock has traded higher ever since. The stock has since posted a 200% gain, and during the last week Pacific Ethanol (NASDAQ: PEIX) followed its lead with a 25% gain of its own. Neither company has announced any other positive developments nor has there been any other catalyst to lead to more »
Have you ever looked south to Brazil’s sugarcane ethanol industry, powered by Cosan Ltd. (NYSE: CZZ), and wished that the United States had a successful answer to gasoline? Did you cheer the expansion of the ethanol industry and companies like Pacific Ethanol Inc. (NASDAQ: PEIX) over the last decade? Do you believe ethanol produced from cellulosic feedstocks is a better fuel than ethanol produced from corn? If you answered more »