Pacific Ethanol doubles stock price in a week as ethanol horizons improve

In California, biofuels investors will have taken note of the major upward run of Pacific Ethanol shares this week. They have jumped more than 100 percent in two days — closing yesterday at a 52-week high of $2.27 after reaching $2.47 in mid-day trading.

The company, which has 220 Mgy in capacity, had shut production at three of its facilities but has been progressively restarting operations and this week the company was the subject of a positive report in InvestorSoup.com, after the company said that it would resume production at its 670 Mgy Burley, Idaho ethanol plant. Though the company’s ethanol plant subsidiaries filed for bankruptcy protection last year, the publicly-traded parent company avoided the bankruptcy process.

Pacific Ethanol doubles stock price in a week as ethanol horizons improve is a post from: Biofuels Digest