NEW YORK (TheStreet) -- Pacific Ethanol (PEIX) - Get Report stock is up 27.79% to $5.38 on heavy trading volume on Thursday after the company reported strong 2015 fourth quarter results. 

After the market close on Wednesday, the renewable fuels producer reported earnings of 2 cents per share, while analysts were expecting a loss of 10 cents per share.

Revenue of $376.8 million beat Wall Street's forecasts for $370.9 million. 

"In the first quarter of 2016, we are moderating production levels to match supply and demand," CEO Neil Koehler said in a statement. "While the demand for ethanol continues to grow, current industry ethanol inventories remain high."

So far today, 2.80 million shares of Pacific Ethanol have traded, versus the company's 30-day average of about 652,000 shares. 

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: PEIX

Image placeholder title

PEIX

data by

YCharts