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S&P Global (SPGI) Launches U.S. Renewable Diesel Values
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Shares of S&P Global Inc. (SPGI - Free Report) have gained 24.2% over the past year, significantly outperforming the 3.1% rally the industry it belongs to and 18.3% growth of the Zacks S&P 500 composite. The company’s Platts division recently announced the launch of renewable diesel values for the United States.
Notably, Platts operates as an independent provider of information and benchmark prices for the commodity and energy markets. It specializes in offering essential price data, analytics and industry insight. Its revenues rose 5% to $222 million in the third quarter of 2020.
Named Platts U.S. West Coast RD, the assessments are aimed at bringing transparency to the renewable energy market, which is expected to see exponential growth in the future. This is because interest in renewable fuels is growing across transportation markets due to transition to lower carbon fuels.
Notably, cost-based methodology will be computed by S&P Global Platts Analytics on the basis of existing Platts assessments and other fixed costs as physical market trading for renewable diesel does not support spot price assessments.
"Renewable diesel has never been more relevant to the US market given the ongoing transition to lower carbon intensity fuels,” said Ian Dudden, global pricing director, metals and agriculture, S&P Global Platts.
Zacks Rank and Stocks to Consider
S&P Global currently carries a Zacks Rank #3 (Hold).
Long-term earnings (three to five years) growth rate for Republic Services, Gartner and Insperity is estimated at 9.4%, 13.5% and 15%, respectively.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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S&P Global (SPGI) Launches U.S. Renewable Diesel Values
Shares of S&P Global Inc. (SPGI - Free Report) have gained 24.2% over the past year, significantly outperforming the 3.1% rally the industry it belongs to and 18.3% growth of the Zacks S&P 500 composite. The company’s Platts division recently announced the launch of renewable diesel values for the United States.
Notably, Platts operates as an independent provider of information and benchmark prices for the commodity and energy markets. It specializes in offering essential price data, analytics and industry insight. Its revenues rose 5% to $222 million in the third quarter of 2020.
Named Platts U.S. West Coast RD, the assessments are aimed at bringing transparency to the renewable energy market, which is expected to see exponential growth in the future. This is because interest in renewable fuels is growing across transportation markets due to transition to lower carbon fuels.
Notably, cost-based methodology will be computed by S&P Global Platts Analytics on the basis of existing Platts assessments and other fixed costs as physical market trading for renewable diesel does not support spot price assessments.
"Renewable diesel has never been more relevant to the US market given the ongoing transition to lower carbon intensity fuels,” said Ian Dudden, global pricing director, metals and agriculture, S&P Global Platts.
Zacks Rank and Stocks to Consider
S&P Global currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Republic Services (RSG - Free Report) , Gartner (IT - Free Report) and Insperity (NSP - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Long-term earnings (three to five years) growth rate for Republic Services, Gartner and Insperity is estimated at 9.4%, 13.5% and 15%, respectively.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>