Great analysis, RJ. As you pointed out, this very interesting chart for PEIX shows a spike from $10 to $44 running through May, 2006. The plant opening was in October, 2006, and since then, the stock has been trading mostly in the range of $15-18. The great run ended five months before PEIX opened its ethanol plant.
In the case of AENS, some important milestones could be reached very soon, including the permitting of the first three
plants, groundbreaking, the choice of location of plants four and five, a marketing deal, and a financing agreement to provide the funds to build everything. As the company achieves its goals, the price won't remain in the $1-2 range for long.