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Pacific Ethanol +10% after Q4 earnings beat, optimistic outlook

Mar. 10, 2016 8:29 AM ETAlto Ingredients, Inc. (ALTO) StockALTOBy: Carl Surran, SA News Editor1 Comment
  • 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.

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