Renewable Diesel Could Bring 50% Upside to Darling Ingredients’ Stock
Credit Suisse sees Darling Ingredients is one of the few energy companies with earnings that are expected to grow handily in the next five years.
Headquartered in Irving, TX Fiscal year ends December NYSE: DAR darlingii.com
Darling Ingredients Inc. (NYSE: DAR) is a global company that collects and transforms animal agricultural by-products and food industry waste into valuable ingredients used in animal feed, food products, collagen-based ingredients (gelatin and hydrolyzed collagen), and renewable energy. The company operates over 260 facilities in more than 15 countries and processes approximately 15% of the world's animal agricultural by-products. Darling produces about 30% of the world's collagen and is one of the largest producers of renewable energy through its 50% ownership of the Diamond Green Diesel (DGD) joint venture, which produces renewable diesel and other renewable fuels. The company operates through three reportable segments: Feed Ingredients (rendering, used cooking oil collection, and bakery feed), Food Ingredients (collagen, gelatin, and specialty food products), and Fuel Ingredients (used cooking oil and waste fat collection for biofuel feedstock, plus the DGD joint venture). Darling also collects used cooking oil from restaurants and food service establishments for conversion into biofuel feedstocks. Updated
Credit Suisse sees Darling Ingredients is one of the few energy companies with earnings that are expected to grow handily in the next five years.
Boeing's ecoDemonstrator 757 flew from Seattle to Langley, Va., earlier this week using green diesel fuel provided by Diamond Green Diesel.
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Darling Ingredients Inc. (NYSE: DAR) is a global company that collects and transforms animal agricultural by-products and food industry waste into valuable ingredients used in animal feed, food products, collagen-based ingredients (gelatin and hydrolyzed collagen), and renewable energy.
24/7 Wall St.'s 12-month price target for DAR is $69.15, rated Buy. The Wall Street consensus target is $81.58. DAR price prediction →