Toward the end of 2008 (and even sooner), ethanol may have seemed like a fad that came and went. Then came the dull year of 2009 that seemed as though it would…
This year is going to mark a significant change in the Russell rebalance and reconstitution at end of June. Now that oil and other energy related commodities have been cut in half…
Pacific Ethanol Inc. (PEIX) is still alive. That is more than many ethanol companies can say. The question is how long it can manage to survive. After the open this morning, Pacific…
Douglas A. McIntyre Once the darling of investors Vinod Khosla and Bill Gates, Pacific Ethanol, Inc. (NASDAQ:PEIX) is now trading at just 5% of its share price one year ago. The company has just received…
Douglas A. McIntyre Hovnanian (HOV) News on housing prices pushes homebuilder down. Drops to $1.56 from 52-week high of $13.50. Parent (KIDS) Files for Chapter 11. Sells down to $.05 from 52-week high of $6.43.…
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ. The exchange filed with the SEC to extend…
The news on the ethanol front this morning is, shall we say, mixed. First, Pacific Ethanol (NASDAQ:PEIX) announced yesterday that it would increase its non-cash impairment charge for the suspended construction of…
Pacific Ethanol (NASDAQ:PEIX) reported third quarter numbers this morning and any resemblance to VeraSun and Aventine (NYSE:AVR) is purely familial. Pacific had revenue of $184 million, compared with analysts’ estimates of $219…
Douglas A. McIntyre This morning’s earnings report from Archer-Daniels-Midland (NYSE:ADM) offers proof that if a company is going to be in the ethanol business, it had better have a fallback position. ADM blew past analysts’…
The most prominent ethanol energy company in the US, Verasun (VSE), is filing for Chapter 11. Among other things the firm has been pinched by falling oil prices, which make ethanol less…
Ethanol stocks have been getting pounded since their IPOs and the sector has lost its luster. Pacific Ethanol Inc. (NASDAQ:PEIX) was the exception for a while as it has Bill Gates as…
Douglas A. McIntyre After the market closed yesterday, Xethanol Corporation (AMEX:XNL) announced that a Federal Court had approved the settlement Xethanol had reached in a class action suit alleging that the company had misled investors.…
Douglas A. McIntyre We have been reviewing which publicly traded energy companies have lost the most value in the past year, and we are breaking these down by sector and by sub-sector. While composing this…
VeraSun Energy (NYSE:VSE) reported second quarter 2008 earnings before the market opened today. The company’s revenues soared by 499% to $1.015 billion, compared with $170 million for the same period in 2007.…
Douglas A. McIntyre Pacific Ethanol (NASDAQ:PEIX) led off its second quarter financial report with higher sales number. Unfortunately, the company also had to report earnings, or the lack of earnings. For the quarter, Pacific reported…
