Roth Capital analyst Craig Irwin initiated coverage of XCF Global with a Neutral rating and 40c price target. XCF is approaching a "pivot point" with the Q1 restart of its 38M gallons per year New Rise Reno sustainable aviation fuel refinery, the analyst tells investors in a research note. Roth believes the company's United States Department of Agriculture loan guarantee is an "underappreciated strength." The firm would look to buy the shares on "healthy" plant economics or clarity around XCF's remaining balance sheet items.
