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.
Its the latest sign of Pacific Ethanols 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 companys shares rose 6 cents to $15.35 on Tuesday morning.