Professional
Added to YB: 2023-11-01
Pitch date: 2023-11-01
REX [bullish]
REX American Resources Corporation
+75.68%
current return
Author Info
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Company Info
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States.
Market Cap
$764.0M
Pitch Price
$19.00
Price Target
57.02 (+71%)
Dividend
N/A
EV/EBITDA
4.51
P/E
11.40
EV/Sales
0.75
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Rex American: An Ethanol Producer Poised for Growth
REX: Ethanol producer. Never lost $ in 10yrs vs peers. IRA subsidies boost earnings potential. 3% US share, prudent mgmt, strategic plant locations. Pursuing CO2 capture for 45Q/Z credits, could add $600M+ value. Risks: IRA repeal, execution, EVs. $57 PT for 50% upside.
Read full article (6 min)