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Fly News Breaks for December 23, 2019
Dec 23, 2019 | 09:01 EDT
BWS Financial analyst Hamed Khorsand raised his price target on Renewable Energy shares to $58 from $31 as he estimates the company should receive approximately $500M in the next three months plus $900M over the remaining three years of the current extension of and the retroactive approval of the biodiesel tax credit as part of the passage of the appropriations bill. Renewable can possibly use the cash to buy back debt and stock, said Khorsand, who keeps a Buy rating on the stock.