Monday, February 22, 2010

PEIX - Ethanol Here to Stay

Earlier today in the pre-lunch market movers the company Green Plains Renewable Energy Inc. (NASDAQ: GPRE) was included after a monster earnings report. The main reason it moved to a profit in the fourth quarter was because of higher ethanol demand and a record corn harvest.

The reports were so bullish and the outlook is so attractive for ethanol that one of our very own from the WMM Core Index has gone up. Pacific Ethanol Inc. (NASDAQ: PEIX) is trading at $2.29 up $0.38 or 20% on heavy volume in the wake of such an optimistic view on ethanol for 2010. The stock is up over 300% the past 60 days and it looks like Ethanol as an alternative energy is here to stay.

PEIX 3 Month


This stock and the Ethanol sector in general have great potential especially with the current administration.

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