BUZZ-Rentech Inc: Smaller-than expected Q1 loss, revenue beats

Mon May 11, 2015 9:58am EDT
 
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** Fertilizer producer's shares up 2.8 pct at $1.10

** Reports smaller-than-expected loss due to robust demand, cost controls and lower natural gas prices

** Revenue jumps 28.3 pct to $105.6 mln, above market estimate of $82.3 mln

** Company says Canadian wood pellet plants began production

** Rentech said in March it did not expect the pellet plants to generate positive EBITDA or cash flow in 2015

** Up to Friday's close, Rentech's stock had nearly halved over the last 12 months

** Of 3 brokers covering the stock, 2 have a "strong buy" rating and 1 a "buy"; Median price target is $2.15