- Renewable Energy (REGI +3.9%) is initiated with a Buy rating and $17 target price at Roth Capital ahead of positive regulatory catalysts.
- REGI is the largest U.S. producer of biomass based diesel and is well positioned to benefit from an improving industry outlook for 2015, the firm says, also expecting meaningful value to be generated by the successful start-up of REG-Geismar and greater visibility into REG-Life Science's potential future profit contributions.
- Reinstatement of the blenders' credit wound be a material positive catalyst, Roth adds.