Benzinga | Sep 22, 2020 10:39AM EDT

Why Pacific Ethanol's Stock Is Trading Higher Today

Pacific Ethanol (NASDAQ:PEIX) shares are trading higher on Tuesday after BWS Financial initiated coverage on the stock with a Buy rating and a price target of $20.50 per share.

Pacific Ethanol is a producer and marketer of renewable fuels. It owns and operates several ethanol production facilities distributed across the Western and Midwestern United States. The company operates across two segments: production and marketing.

Pacific Ethanol shares were trading up 7.52% at $8.29 on Tuesday. The stock has a 52-week high of $8.47 and a 52-week low of 22 cents.