Stockchase Opinions

Jim Cramer - Mad Money Pacific Ethanol PEIX-Q DON'T BUY Nov 11, 2020

Too speculative. He likes some alternative fuel stocks, so what buy a $5 spec? He prefers Plug Power.

$5.820

Stock price when the opinion was issued

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DON'T BUY
His attitude on any ethanol stocks is “run for the hills”. The stocks went up on huge hype. Ethanol is not going to be the saviour that everyone thinks it is. It is too subsidised. Not economically viable.
COMMENT
Doesn't know this company well, but ethanol will become more in demand as oil prices rise. One analyst has set a $17 target price on this stock, so it's probably fully valued.
COMMENT
Believes the ethanol business will grow in the future. Trading at about 75% of the replacement cost of their plant so it is trading at less than what it would cost them to build the plants. Thinks that the plants that forge through right now will prosper in the long run.
COMMENT

It's had an amazing move, but doesn't know why. He prefers PLUG in this space.