Clear Street initiated coverage of REalloys with a Buy rating and $35 price target. REalloys can become North America's number one leading heavy rare earth metallization platform and supplier of purified heavy rare earth elements output beginning next year and become a large-scale rare earth magnet manufacturer in 2029, the analyst tells investors. The company is constructing the largest heavy rare earths processing facility outside of China, to possibly achieve 7% global market share in 2030, if successful with Phases 1 and 2, the analyst added.
