Pacific Ethanol +15% on production gains, buoyant outlook

|By:, SA News Editor

Pacific Ethanol (PEIX) jumped nearly 15% today and came within eight cents of hitting a new 52-week high after an operational update revealed the company produced 149.7M gallons of ethanol with sales of $908M in 2013, vs. 140M gallons and $816M in revenue during 2012.

PEIX's strategic goals for 2014 include restarting its Madera, Calif., production facility, improve operating efficiencies at its plants, continue diversifying its revenue and feedstock, and continuing to increase the value of its produced ethanol by further reducing its carbon intensity.