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Fly News Breaks for June 24, 2019
REGI
Jun 24, 2019 | 08:22 EDT
Roth Capital analyst Craig Irwin upgraded Renewable Energy to Buy from Neutral after hosting the company for investor meetings at the firm's London Conference. Following the meetings, he believes there are solid odds for the probable reinstatement of the $1/gallon biodiesel tax credit, said Irwin, who estimates that such a reinstatement would support $500M incremental cash on the company's balance sheet. He has a $22 price target on Renewable Energy shares.
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