REX AMERICAN RESOURCES Corp
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REX American Resources (NYSE:REX) stock has crossed above its 200-day moving average, a technical breakout, with shares trading as high as $44.30 compared to the $34.75 average. Weiss Ratings upgraded REX to "buy," and the stock carries an average MarketBeat analyst rating of "Buy." The company also reported strong quarterly earnings, exceeding analyst EPS estimates.
Rex American Resources reported fiscal-year net sales of $650.5 million, a 1% increase year-over-year, and basic net income per share of $2.50. The company's profitability was supported by favorable crush spreads and 45Z tax credits, leading to a significant increase in net income attributable to shareholders. Rex American Resources is also planning substantial capital expenditure for expansion and carbon sequestration initiatives, with environmental permits still pending.
REX American Resources reported a significant increase in net income for fiscal year 2025, reaching $83.0 million, up from $58.2 million in 2024, primarily due to improved crush spreads and 45Z production tax credits. The company is making substantial investments of $220–$230 million in carbon sequestration and capacity expansion at its One Earth Energy plant, aiming to qualify for federal 45Q and extended 45Z tax credits. However, these projects face considerable regulatory and execution risks, including evolving permitting frameworks and legal challenges, which could impact their successful and timely completion.
