From Yahoo Finance: 2025-04-14 09:59:00

Calumet, Inc. (CLMT) is trading at $9.91 with a trailing and forward P/E of 23.06 and 11.35 respectively. Micron (MU) achieves record HBM revenue and guides $8.8B for fiscal Q3. Despite a 50% drawdown, CLMT’s long-term bull thesis remains strong due to an imminent margin inflection in the biodiesel market.

Montana Renewables (MRL), CLMT’s crown jewel, is well-positioned with a cost-effective blend of corn oil and tallow. Warburg’s base case targets a $3.3B exit EV by early 2028, translating to a $40 CLMT share price. Hedge funds are holding 21 portfolios of CLMT, down from 9 in the previous quarter.

Read more: Calumet, Inc. (CLMT): A Bull Case Theory