Tag: PEIX
Why are first-gen biofuels companies having so much trouble making money?
Tweet Yesterday, Renewable Energy Group, the leading US biodiesel producer, announced unexpectedly that it now expects to report Adjusted EBITDA ranging from a loss of $2 million to a loss of $7 million. The company’s prior guidance for Adjusted EBITDA was a gain of $10 million to $15 million. The company expects to report gallons [...]
Biofuels Digest Index soars to 63.73 as ethanol stocks surge
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, soared 2.94 percent to 63.73 as ethanol stocks surged. For the day, Biofuel Energy (BIOF) rocketed up 57.00 percent to $4.71, while Pacific Ethanol (PEIX) leaped 14.29 percent to $0.40. Among other equities, Codexis (CDXS) escalated 9.02 percent to $2.66. Overall, advances led [...]
Biofuels Digest Index edges down to 70.56 despite ethanol surge
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged down 0.25 percent to 70.56 despite strong ethanol gains. For the day, Pacific Ethanol (PEIX) soared 20.00 percent to $1.02, while Amyris (AMRS) plummeted 7.65 percent to $3.02. Among other equities, Syntroleum (SYNM) jumped 10.84 percent to $0.92. Overall, advances led declines [...]
Pacific Ethanol issues 7.6M new shares to cover $8M capital raise
Tweet In California, Pacific Ethanol has issued 7.6 million shares of common stock at a price of $1.05 to the investors from 11 private equity funds who participated in an $8 million private offering in December. The deal at the time was based on a $1.5 per share strike price for five-year warrants.
Pacific Ethanol revenues, operating income up sharply in Q4 2011
Tweet In California, Pacific Ethanol reported annual revenues of $901.2 million and net income of $1.8 million, up from revenues of $328.3 million and net income of $71.0 million in 2010. Net income in 2010 included a non-cash gain from bankruptcy exit of $119.4 million. Adjusted EBITDA for 2011 was $5.3 million, an improvement from [...]
Biofuels Digest Index edges up to 74.90 as ethanol jumps
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.11 percent to 74.90 as ethanol jumped strongly again. For the day, Amyris (AMRS) recovered 7.33 percent to $6.44, while Pacific Ethanol (PEIX) soared 15.83 percent to $1.61. Among other equities, Biofuel Energy (BIOF) was up sharply, 7.59 percent to $0.85. Overall, [...]
Biofuels Digest Index advances to 74.82 as ethanol soars
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.36 percent to 74.82 as ethanol soared. For the day, BP slipped 0.59 percent to $46.99, while Pacific Ethanol (PEIX) soared 27.52 percent to $1.39. Among other equities, Biofuel Energy (BIOF) was up sharply, 19.70 percent to $0.79 . Overall, advances led [...]
Biofuels Digest Index slips to 70.41 as ethanol wanes
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.59 percent to 70.41 as ethanol slumped. For the day, BP fell 0.38 percent to $44.08, while OriginOil (OOIL.OB) jumped 6.15 percent to $1.90. Among other equities, Pacific Ethanol (PEIX) dropped 7.21 percent to $1.03. Overall, declines led advances 3 to 1 [...]
Biofuels Digest Index edges up to 68.95 as Gevo up, ethanol sputters
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 0.61 percent to 68.95 as Gevo shot up on a hot Coca-Cola deal and ethanol sputtered. For the day, Archer Daniels Midland (ADM) gained 1.93 percent to $27.96, while Gevo (GEVO) soared 12.94 percent to $6.37. Among other equities, Pacific Ethanol (PEIX) [...]
Pacific Ethanol raises $8M, buys back 7% mnore equity in lost plants
Tweet In California, Pacific Ethanol has raised $8 million in a private stock sale as it continues its mission to recoup the production plants it lost in a bankruptcy case. Half the proceeds of the sale will be spent to buy another 7% of the company that now owns Pacific Ethanol’s four production plants, bringing [...]
