Shares of Pacific Ethanol, Inc. (Nasdaq:PEIX) jumped all the way up to $1.14 today as several alternative energy SmallCap stocks have attracted a number of new buyers. By mid-day, shares of Pacific Ethanol were trading at $1.09 per share, a 9 percent increase, on very heavy volume of nearly 5.5 million shares.
Pacific Ethanol is the leading West Coast marketer and producer of low-carbon renewable fuels. Pacific Ethanol also sells co-products, including wet distillers grain, or WDG, which is a highly valuable 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.
Management seeks to choose destination plants with optimal distribution criteria for ethanol and co-products and currently manages two operating plants in Oregon and Idaho as well as two idled facilities in California. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol's managed plants and from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG.
For more information please visit www.pacificethanol.net.
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