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PEIX - Why Pacific Ethanol Stock Just Dropped Another 7%
Pacific Ethanol Inc.
Pacific Ethanol (NASDAQ: PEIX) has been one of the most successful stocks on the Nasdaq this year. Specializing in the production of alcohol (ethanol) that can be used not just as a fuel additive, but also to create disinfectants and sanitizers, turns out to be a great business to be in in the middle of a virus-spread pandemic. Recognizing that, investors bid Pacific Ethanol shares up five-fold through Wednesday's earnings report.