Par Pacific Holdings (PARR) is leading the list of gainers in the refining and marketing group. PARR rose from last week’s close of $17.93 to $19.43 on September 14—an increase of more than 8%.
Fossil fuels are non-renewable, and a shortage can wreak havoc on the economy. It was the desire for alternative energy that gave rise to the ethanol industry.
In the United States, regulations mandate the use of biofuels in gasoline. Trump’s appointment of Scott Pruitt as next head of the EPA may be spurring speculation.
Pacific Ethanol’s revenue comes from two segments, Ethanol Production and Marketing. In 3Q16, ~64% of the company’s revenue came from Ethanol Production.
Ethanol is largely produced from US corn, which is also the largest producer of corn globally. Pacific Ethanol is one such producer of ethanol in the US.
The Guggenheim Solar ETF (TAN) gained 0.9% on April 21. American solar stocks account for 47% of the fund’s holdings, and Chinese solar stocks account for another 44%.
