Rex American Nears Completion of Ethanol Production Expansion at One Earth Facility
REX has more than doubled off its 52-week low of $19.44.
Summary
REX American Resources is nearing completion of an expansion at its One Earth ethanol production facility. This operational update indicates increased capacity for the company's core business, which could drive future revenue growth. This follows recent strong FY25 earnings, which were significantly boosted by clean fuel tax credits, and proposals to increase authorized common stock.
At the time of this announcement, REX was trading at $49.18 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $19.44 to $53.36. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.