Why Pacific Ethanol Stock Climbed 15% on Wednesday Morning
Shares of ethanol producer Pacific Ethanol (NASDAQ: PEIX) leapt out of the gate this morning and were up a strong 15% at 11:15 a.m. EDT. You can almost certainly thank the friendly analysts at H.C. Wainwright for that. This morning, Wainwright issued a new price target for Pacific Ethanol, a money-losing fuel-additives stock that the analyst had previously valued at a tiny $3 a share.