Pacific Ethanol added to stock indexes

Published: Tuesday, Jul. 1, 2014 - 9:27 am

Less than two years ago, Pacific Ethanol Inc. was being threatened with delisting by Nasdaq because of its low stock price. Now its stock is strong enough to be included on three stock indexes.

The Sacramento ethanol producer said Tuesday it has been added to the Russell 3000, Russell 2000 and Russell Global Indexes. The three indexes are run by Russell Investments.

It’s the latest sign of Pacific Ethanol’s comeback from a series of financial crises. In late 2012, the company was given a delisting warning by Nasdaq for consistently trading below $1 a share. That represented the third warning in three years.

The company’s shares rose 6 cents to $15.35 on Tuesday morning.

Read more articles by Dale Kasler

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