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Fly News Breaks for January 3, 2020
REGI
Jan 3, 2020 | 08:34 EDT
Roth Capital analyst Craig Irwin raised his price target for Renewable Energy to $33 from $22 and maintained a Buy rating. In a research note to investors, Irwin says he is adding the benefit from the reinstatement of the $1/gallon blenders tax credit to his forecast, saying he 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.
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