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REX - The Ethanol Sector's Recovery Gains Steam But Coronavirus Headwinds Persist
REX American Resources Corporation
The share prices of U.S. ethanol producers Aemetis (AMTX), The Andersons (ANDE), Green Plains, Inc. (GPRE), Pacific Ethanol (PEIX), and REX American Resources (REX) have largely recovered from the coronavirus-induced swoons that they underwent in March and April (see figure). One producer, Pacific Ethanol, has even recorded a sizable gain over the period, although its share price had been battered by the company's poor financial position well before the pandemic severely disrupted U.S. ethanol demand.