Brean Murray Carret & Co. Assumes Coverage on Rentech, Inc. (RTK) at Buy; Low-Hanging Fruit in Fertilizere Space

January 23, 2012 7:21 AM EST
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Price: $0.20 --0%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 32 | New: 9
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Brean Murray Carret & Co. assumes coverage on Rentech, Inc. (NYSE: RTK) with a Buy. PT $3.00.

Brean analyst says, "In our opinion, RTK has a unique strategy for the development of their clean fuels technology. Instead of pursuing independently large-scale commercial projects, RTK is now planning to demostrate their clean fuels technology along with strategic partners, minimizing their capital requirements. In addition, RTK's clean fuel development rests upon a solid foundation of their stake in a proven and growing efforts of Rentech Nitrogen Partners (RNF). We believe that the strong cash flows of RNF will serve to help advance and ultimately commercialize RTK's excectionally promising synthetic fuels program."

For an analyst ratings summary and ratings history on Rentech, Inc. click here. For more ratings news on Rentech, Inc. click here.

Shares of Rentech, Inc. closed at $1.56 yesterday.

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