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Futurefuel ( (FF) ) has issued an update.
FutureFuel Corp. announced it has received Excise Tax Registration approval from the IRS, a crucial step to qualify for the Internal Revenue Code 45Z clean fuel production tax credit, effective from January 2025. This approval highlights FutureFuel’s strategic positioning in the renewable fuel market, with substantial capacity to produce 60 million gallons of biodiesel annually, potentially benefiting from upcoming IRS guidance on the tax credit.
More about Futurefuel
FutureFuel Corp. is a leading manufacturer of diversified chemical products, including specialty chemicals and biofuels. The company’s chemicals division produces both custom and performance chemicals, such as proprietary intermediates and various specialty chemicals. FutureFuel’s biofuels segment primarily focuses on producing and selling biodiesel.
YTD Price Performance: 0.0%
Average Trading Volume: 289,576
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $228M
For a thorough assessment of FF stock, go to TipRanks’ Stock Analysis page.
