Alternative Energy Trade Option: Pacific Ethanol Inc. (PEIX)
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    Pacific Ethanol Inc. (PEIX) Earnings Run Begins Again Amidst Soaring Crude Prices

    Pacific Ethanol Inc. (PEIX) Earnings Run Begins Again Amidst Soaring Crude Prices

    Shares of Pacific Ethanol Inc. (NASDAQ: PEIX) jumped as much 30% to reach an intraday high of $1.42 Friday, extending gains into a second day on above-average volume of about 28.22 million shares.  Pacific Ethanol, along with many alternative energy related stocks, saw an interesting spike last week as crude oil rallied to reach $108.50 a barrel.

    Shares in the ethanol marketer and producer have gained 27.5% in the last five days and 13.9% in the last month. Year-to-date, the stock is down 72.2%.

    Based in Sacramento, CA, Pacific Ethanol markets and produces  low-carbon renewable fuels in the Western United States. It 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.

    The Company is set to announce its fourth-quarter and year-end 2011 financial results on Monday, February 27, after the market close.

    During the third quarter, Pacific Ethanol achieved an all-time high net sales of $271.6 million, compared to $46.0 million for the third quarter of 2010. The company sold total gallons of 122.6 million for the quarter, a sequential increase of 22% from the second quarter of 2011 and an increase of 71% over the 71.5 million gallons sold in the third quarter of 2010.

    The Company primarily attributed the increase in net sales to the fact that it did not consolidate the results of the Pacific Ethanol plants in the third quarter of 2010. The increase in total gallons sold was primarily due to continued strength in the company’s marketing business and a 54% increase in average sales price per gallon. The Company’s third quarter 2011 results also include the impact of the Stockton plant’s operations whereas it was idled during the third quarter of 2010.

    For 2010, Pacific Ethanol generated net sales of $328.3 million , as compared with $316.6 million for 2009. Total gallons sold were 271.6 million in 2010, an increase of 98.9 million gallons over the 172.7 million gallons sold in the prior year.

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