- Pacific Ethanol (NASDAQ:PEIX) +9.9% premarket after posting better than expected Q4 earnings and a 47% Y/Y revenue increase.
- PEIX says it aims to improve its results by cutting production, further lowering production costs and expanding sales of higher-value ethanol, among other steps.
- "We are confident that the fundamentals of ethanol as a valuable source of octane and carbon reductions will support continued growth in demand and improved production margins," the company says.
- Last week, the company paid $17M in cash to retire remaining debt on its four west coast plants.