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Below are the latest news stories about Alto Ingredients Inc that investors may wish to consider to help them evaluate PEIX as an investment opportunity.
Pacific Ethanol (PEIX) changed its name to Alto Ingredients, effective Jan.12, 2021; name change will reflect on the Nasdaq on Jan.14, 2021 and stock will begin trading under the new symbol 'ALTO' commencing Feb.1, 2021."We are capitalizing on our unique capability to manufacture high-grade alcohols for the food, beverage, health,...
Shares of Pacific Ethanol (NASDAQ: PEIX) have shot up 857% so far in 2020. Ethanol is a renewable fuel that can be blended with gasoline to meet requirements under the Environmental Protection Agency's Renewable Fuel Standard or RFS. Excess production as well as high inventory levels pressured ethanol prices.
Pacific Ethanol (NASDAQ: PEIX) stock soared in early trading today, rising as much as 11% before finally retreating as the day wore on. Pacific Ethanol is a small company with a lot of debt -- $455 million in market capitalization, but owing $185 million to its creditors, according to data from S&P Global Market Intelligence. This morning, though, Pacific Ethanol announced that it's making progress whittling down that debt load.
Company pays $24.9 million principal payment in cash Company expects to be net term debt free at the end of 2020SACRAMENTO, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, announced an amendment to the terms of its credit agreements with CoBank, ACB (CoBank).The Company, with its borrower subsidiaries, Pacific Ethanol Pekin, LLC and Illinois Corn Processing, LLC paid $24.9 million in connection with the amendments, repaying all term debt and reducing the borrowers’ revolving lines of credit to $30 million in total. At the same time, CoBank and the borrowers agreed to reduce certain reporting requirements and eliminate the requirement of the Chief Restructuring Officer position. With the ...
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Pacific Ethanol Inc (NASDAQ:PEIX). Is PEIX a good stock to […]
SACRAMENTO, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential…
Global Ethanol Market (2020 to 2025) - Featuring Mitsubishi Chemical, ADM & Pacific Ethanol Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Ethanol Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering. The global ethanol market is estimated to increase at a CAGR of 1.77% from a market size of USD 38.826 billion in 2019 to achieve a market size of USD43.136 billion by the end of 2025. Ethanol, also known as ethyl alcohol or grain alcohol is a clear, colorless liquid used in varied real-life applications. Potential applications include personal care and
I'm dealing with flash floods and internet outages this morning in North Carolina but like any good trader that isn't stopping me. I've been looking for some opportunities in a market that continues to hold up.
It’s been said that gridlock is a feature, not a bug, of the US Constitution, and we may be about to find that out. The election results have left some questions to be resolved, but a few things are coming clear: Democrat Joe Biden is the winner of the Presidential race, but down ballot, the Republicans appear to have made important gains. We’re looking at the prospect of divided government – a Biden Administration with a Republican Senate and a Democratic House with a stronger minority. According to JPMorgan strategist Marko Kolanovic, this may be the best possible outcome.“A GOP senate majority should ensure that Trump’s pro-business policies stay intact, and if Biden is confirmed we should be able to expect an easing of the trade war, which should boost global trade and corporate ear...
Net income of $14.9 million and Adjusted EBITDA of $34.1 millionAdjusted EBITDA for the second half of 2020 expected to be in the range of $50 to $70…