StockPreacher.com Initiates Independent Research Coverage for Pacific Ethanol Inc.

DALLAS, Dec. 2, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Pacific Ethanol Inc. (Nasdaq: PEIX). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The full report is available at: http://www.stockpreacher.com/n/PEIX

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Pacific Ethanol Inc. (PEIX) produces and sells ethanol and its co-products, including wet distillers grain, and provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. It has customer relationships throughout the Western United States and supplier relationships throughout the Western and Midwestern United States. PEIX's customers are integrated oil companies and gasoline marketers.

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In the report, the analyst notes:

"Total volume of ethanol sold decreased by 28.4 million gallons, or 44%, to 36.6 million gallons for the three months ended September 30, 2009, as compared to 65.0 million gallons for the same period in 2008. The decrease in sales volume is primarily due to a significant reduction in production at PEIX's four ethanol facilities. Although it has one additional facility as compared to the same period in 2008, only one of its four facilities was producing ethanol during the three months ended September 30, 2009. It ceased production at its other three facilities at different times in early 2009.

"PEIX announced in late November that it is preparing to resume production of ethanol at its 60 million gallon per year Magic Valley facility located in Burley, Idaho. In February 2009, the Company suspended production at the Magic Valley facility due to extended unfavorable market conditions. In May 2009, the Company's subsidiaries which own its four ethanol production facilities, including the Magic Valley plant, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to restructure their indebtedness."

To read the entire report visit: http://www.stockpreacher.com/n/PEIX

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