Why Pacific Ethanol Stock Climbed 15% on Wednesday Morning [The Motley Fool]
PACIFIC ETHANOL (PEIX)
Last pacific ethanol earnings: 3/26 04:05 pm
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US:NASDAQ Investor Relations:
pacificethanol.net/investors
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Source: The Motley Fool
What happenedShares of ethanol producerPacific Ethanol(NASDAQ:PEIXSo whatThis morning, Wainwright issued a new price target for Pacific Ethanol, a money-losing fuel-additives stock that the analyst had previously valued at a tiny $ a share. But in a report covered byTheFly.comCredit COVID-9 for the change. Last quarter, as demand for ethanol to use in disinfectants and hand sanitizers exploded, Pacific Ethanolreported its first quarterly profit in / yearsImage source: Getty Images.Now whatThe new and improved business model transforms Pacific Ethanol from a company destined to produce losses ad infinitum, into one with a good chance of posting profitable growthfor years to come,According to the latest Global Market Intelligencethat makes Pacific Ethanol a bargain
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