Information Provided By:
Fly News Breaks for January 2, 2020
REGI
Jan 2, 2020 | 08:28 EDT
Roth Capital analyst Craig Irwin raised his price target for Renewable Energy to $33 from $22 after adding the benefit from reinstatement of the $1/gal BTC to his forecasts. The analyst expects around $150M of BTC cash will be used for share buybacks, with $150M for strategic RHD expansion projects, and the remainder for balance sheet remediation. Irwin has a Buy rating on the shares.