Roth Capital analyst Craig Irwin raised the firm’s price target on XCF Global (SAFX) to $1.20 from 40c and keeps a Neutral rating on the shares. The firm cited “tangible progress” for the price target bump and noted all items for the New Rise restart were recently confirmed as tracking consistent with its model. Roth Capital told investors in a research note that the collaboration and licensing agreement for SAF tech with Axens is a strong endorsement for XCF Global.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAFX:
- XCF Global Signs New Renewable Fuel Tolling Agreement
- XCF Global provides update on New Rise Reno plant conversion
- XCF Global enters commercial collaboration agreement with Axens North America
- XCF Global Highlights Domestic Sustainable Aviation Fuel Strategy
- XCF Global initiated with a Neutral at Roth Capital