This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Small-Cap Winners and Losers: Pacific Ethanol

Updated from 1:34 p.m. EDT with new stock prices

Small-cap stocks opened the week with a jump to the upside, joining the broader market's rally Monday. The Russell 2000 was down 0.4% at 737.89 and the S&P SmallCap 600 fell 0.3% to 391.01.

Leading the charge upward was Pacific Ethanol (PEIX - Get Report), which produces and sells ethanol. Shares of the Sacramento, Calif. company jumped 60.6% to $5.14. For the first quarter, Pacific Ethanol reported that revenue rose 63% year over year to $161.5 million. It also posted a loss of $36.3 million, or 90 cents a share, vs. a profit of 5 cents a share a year ago. The most recent results included a 96-cent one-time charge. Analysts polled by Thomson Reuters, who typically do not include one-time charges in their estimates, were expecting a 9-cent loss.

Brookings, S.D.-based VeraSun Energy (VSE), another ethanol company, appeared to piggyback off Pacific Ethanol, rising 18.1% to $7.31.

Meanwhile Ocean Power Technologies (OPTT), a Pennington, N.J., maker of systems that harness energy from ocean waves, announced a joint development agreement with Griffin Wave Power to create a wave power station off the coast of Western Australia. Shares added 16.3% to $11.56.

Also rising, Oklahoma City, Okla.-based energy company Quest Resource (QRCP) announced it terminated a merger agreement with Pinnacle Gas Resources (PINN). Quest shares soared 21.3% to $10.81 on the news, while Pinnacle lost 29.7% to $2.82.

Finally, Chemed (CHE - Get Report), a Cincinnati hospice-care provider, suffered a downgrade by Deutsche Securities to hold from buy, and shares slumped 3.2% to $34.00.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CHE $120.67 0.00%
PEIX $10.34 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs