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Why Pacific Ethanol Stock Just Popped 14%

Why Pacific Ethanol Stock Just Popped 14%

Investors in ethanol producer Pacific Ethanol (NASDAQ: PEIX) are having a terrific year. It's just that now it's making money doing that -- and Pacific Ethanol's stock price is up more than 10 times in value as a result. Its shares are going on another little tear this afternoon, as the stock price has risen 13.6% through 12:30 p.m. EDT in response to a price target hike from an analyst at investment bank Craig-Hallum.