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Fly News Breaks for December 3, 2019
Dec 3, 2019 | 07:08 EDT
H.C. Wainwright analyst Amit Dayal initiated coverage of Renewable Energy Group with a Buy rating and $35 price target. The company is differentiated from other renewable fuel providers on the basis of its ability to use a variety of feedstocks to produce its fuels and employing of a fully integrated operational model, covering the entire process from purchasing feedstock to distributing fuels with its own infrastructure and resources, Dayal tells investors in a research note. As such, he believes Renewable Energy is better positioned for cash flows and profitability.