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Enter Symbol:
 
Rentech, Inc. (RTK) [hlAlert]

Rating:
Underweight
RTK
down 2.94 %

Rentech, Inc. (RTK) rated Underweight by HSBC Securities

Posted on: Thursday,  Mar 26, 2009  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Rentech, Inc. (NASDAQ: RTK) on 03/26/2009, when the stock price was $6.60. Since
then, Rentech, Inc. has gained 3.03% as of 08/27/2015's recent price of $6.80.
If you would have followed this HSBC Securities's recommendation on RTK, you would have lost 2.94% of your investment in 2345 days.

Rentech, Inc. develops technologies and projects that transforms under-utilized energy resources into an alternative fuel and chemicals. The Rentech Process, based on Fischer-Tropsch (FT) chemistry, is a technology that converts synthesis gas (syngas), which can be manufactured from a variety of waste, biomass and fossil resources, into hydrocarbons. These hydrocarbons can be processed and upgraded into ultra-clean synthetic fuels, such as military and commercial jet fuels and ultra low sulphur diesel, as well as specialty waxes and chemicals. The Company also owns an operating natural gas-based nitrogen fertilizer manufacturing plant in Illinois. In July 2009, the Company completed the acquisition of SilvaGas Corporation and its commercial-scale biomass gasification technology.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2009 8:25 AM Sell
None
6.60
as of 12/31/2009
1 Week up  4.65 %
1 Month up  19.60 %
3 Months up  24.07 %
1 YTD down  -86.36 %

(*) Stock Price at the time of the recommendation.
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