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PEIX - Pacific Ethanol, Inc. (PEIX)
Pacific Ethanol, Inc. (PEIX) is rallying tonight by 20% after releasing earnings. PEIX stock is currently trading at $0.47 in afterhours.
Pacific Ethanol, Inc. Reports First Quarter 2011 Financial Results
Net Sales for the First Quarter of 2011 Grew 143% Over the Same Period of 2010
Total Gallons Sold for the First Quarter of 2011 Increased 44% Over the Same Period of 2010
Adjusted EBITDA for the First Quarter of 2011 Improved to $1.5 Million From a Loss of $6.4 Million in the Same Period of 2010
SACRAMENTO, Calif., May 11, 2011 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (Nasdaq:PEIX - News), the leading marketer and producer of low-carbon renewable fuels in the Western United States, reported its financial results for the quarter ended March 31, 2011.
Neil Koehler, the company's president and CEO, stated: "In the first quarter of 2011, we built on the strong foundation established in 2010 as we narrowed our loss from $11.7 million in the first quarter of 2010 to near breakeven this quarter, despite a challenging margin environment. We increased total gallons sold for the seventh consecutive quarter, demonstrating a compound annual growth rate of 66 percent. In addition, our 60 million gallon Stockton facility contributed to our growth in total gallons sold and gross profit. We look forward to building on this momentum into the months ahead."
http://finance.yahoo.com/news/Pacific-Ethanol-Inc-Reports-pz-202989...
Tags: 2011, earnings, ethanol, may, pacific, peix, stock
Views: 2645
Replies to This Discussion
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Permalink Reply by jack85 on -
Hi, TIm what do you think is the resistance for this stock ? Is now a good entry point. Thanks
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Permalink Reply by Stocks To Buy on -
I'm not a big fan of PEIX but that doesn't mean it can't go higher. Resistance is around $0.48 and $0.55
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Top MemberPermalink Reply by James Bond on -
moving up after-hours. i have seen stocks like this one move up with huge gains especially when people were expecting bad earnings and the earnings turn out to be positive like on PEIX. (volume already over 400K after-hours). this stock can be a huge gainer tomorrow. (it will be interesting to see).
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Top MemberPermalink Reply by James Bond on -
moving up after-hours with strong volume to .47!!
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Top MemberPermalink Reply by James Bond on -
Pacific Ethanol, Inc. (NASDAQ: PEIX) reported excellent earnings!! Reported Q1 EPS of $0.00, versus ($0.20) reported last year. Revenue for the quarter came in at $173.15 million, versus $71.29 million reported last year.
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Top MemberPermalink Reply by James Bond on -
Balance Sheet Improvements: Shareholder Equity Rose this Quarter
Cash: virtually unchanged.
Accounts Receivable: Jumped up
Total assets: Jumped Up
Total debt: declined
Shareholder equity : Jumped up!
Excellent Quarter!!!!
Hats off to management....turnaround for PEIX is spectacular!
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Top MemberPermalink Reply by James Bond on -
This stock was at mid .70's before the slow bleed down to .38 .39 cents. Record revenue. Break even quarter during a quarter where corn prices were extremely high. Corn prices correcting for the second quarter. Possible plant opening. Possible buyout. Gasoline now with .15 percent ethanol mixture. The writing is on the wall if corn costs keep declining and ethanol prices remain stable. They are gonna have a nice profit for the second quarter which could propel this stock over 1.00 Why would you sell this in the mid .40's when there is huge upside potential of possibly doubling your investment from here if you got in at these prices. This stock in the next few weeks should at least creep back to the mid .70's where it was at before it's decline to this level. As we see with the earnings things are good
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Permalink Reply by Jan G. on
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Hi all,
what are thoughts about BIOF. They released the earnings also yesterday, but it wasn´t that smashing call as PEIX did. what do you think?
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Top MemberPermalink Reply by James Bond on -
I don't like BIOF. PEIX is the better play and the management has done a great job cutting the costs and turning this company around!!
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Top MemberPermalink Reply by James Bond on -
PEIX JUST HIT A NEW HIGH @ .49 WITH STRONG VOLUME THIS MORNING (100K)!!
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