Guggenheim initiated coverage on Alto Ingredients with a new price target
$PEIX
Major Chemicals
Basic Industries
Guggenheim initiated coverage of Alto Ingredients with a rating of Buy and set a new price target of $11.00
Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.
Corporate rebrand reflects enhanced focus on specialty alcohols and essential ingredients SACRAMENTO, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, has changed its corporate name to Alto Ingredients, Inc., effective January 12, 2021. The company’s name change will be reflected on The Nasdaq Stock Market on January 14, 2021, and the company’s stock will begin trading under a new ticker symbol, ALTO, starting February 1, 2021. CEO Mike Kandris said, “We have chosen our new corporate name and brand to represent our many high-quality products, which our customers incorporate into a range of
Company pays $24.9 million principal payment in cash Company expects to be net term debt free at the end of 2020 SACRAMENTO, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, announced an amendment to the terms of its credit agreements with CoBank, ACB (CoBank). The Company, with its borrower subsidiaries, Pacific Ethanol Pekin, LLC and Illinois Corn Processing, LLC paid $24.9 million in connection with the amendments, repaying all term debt and reducing the borrowers’ revolving lines of credit to $30 million in total. At the same time, CoBank and the borrowers agreed to reduce certain repo
SACRAMENTO, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, announced the closing of its agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash. Pacific Ethanol is retaining the ethanol plant and terminal on the remaining 25 acres and has entered into agreements with Liberty Basin, LLC for ongoing coordination of operations and delivery of grain to the ethanol plant. “The sale of real estate and grain handling assets at our Magic Valley facility marks further progress in our
Guggenheim initiated coverage of Alto Ingredients with a rating of Buy and set a new price target of $11.00
4 - Alto Ingredients, Inc. (0000778164) (Issuer)
4 - Alto Ingredients, Inc. (0000778164) (Issuer)
SACRAMENTO, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, announced the closing of its agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash. Pacific Ethanol is retaining the ethanol plant and terminal on the remaining 25 acres and has entered into agreements with Liberty Basin, LLC for ongoing coordination of operations and delivery of grain to the ethanol plant. “The sale of real estate and grain handling assets at our Magic Valley facility marks further progress in our
SC 13G/A - Alto Ingredients, Inc. (0000778164) (Subject)
SC 13G/A - Alto Ingredients, Inc. (0000778164) (Subject)
SC 13G - Alto Ingredients, Inc. (0000778164) (Subject)