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Small-Cap Winners & Losers: Pacific Ethanol

Pacific Ethanol soars on a surge in quarterly revenue and better-than-expected adjusted earnings.

Small-cap stocks opened the week with a jump to the upside, joining the broader market's rally Monday. The Russell 2000 was up 0.8% at 746.83 and the S&P SmallCap 600 climbed 0.8% to 395.20.

Leading the charge upward was

Pacific Ethanol

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, which produces and sells ethanol. Shares of the Sacramento, Calif. company jumped 48% to $4.75. 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


, another ethanol company, appeared to piggyback off Pacific Ethanol, rising 18% to $7.29.


Ocean Power Technologies

(OPTT) - Get Ocean Power Technologies, Inc. Report

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, 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 18% to $11.71.

Also rising, Oklahoma City, Okla.-based energy company

Quest Resource


announced it terminated a merger agreement with

Pinnacle Gas Resources


. Quest shares soared 18% to $10.53 on the news, while Pinnacle lost 28% to $2.88.



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, a Cincinnati hospice-care provider, suffered a downgrade by Deutsche Securities to hold from buy, and shares slumped 3.1% to $34.05.