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Vertex Energy (NASDAQ: VTNR) sees rating upgrade from brokers as it reports first commercial renewable diesel sale
Image Source: Sorn340 Studio Images|Shutterstock
Vertex Energy saw its share price moving higher as it completed the first series of renewable diesel commercial transactions. The produce came from the company’s Alabama refinery.
The company reported the sales of its renewable diesel on Monday, June 26, 2023. The initial sales totaled about 110,000 barrels of renewable diesel to Idemitsu Apollo Renewable Corporation.
The same day, Vertex Energy saw a 2.9% uptick in its share price to US$ 5.69 in premarket transactions. VTNR closed slightly lower at US$ 5.58 on June 26, 2023.
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