Sounding like it's going to focus on shareholder value instead of green energy, Rentech (RTK...

|By:, SA News Editor

Sounding like it's going to focus on shareholder value instead of green energy, Rentech (RTK +5%) announces plans to cease operations and mothball its R&D PDU in Commerce City, CO. The company will take a one-time charge of $16M and see expenses fall $11M this year. "The investments we are considering have either immediate or near-term profitability." (PR)