Rentech soars after Reuters exclusive interview reveals jet fuel plan

Rentech Incs shares got a 50 percent boost in afternoon trading on Aug. 18 after the fast-growing biofuel company’s CEO told Reuters in an interview that it will have commercial-scale synthetic jet fuel production by 2013. Rentechs shares were up 31 percent in early trading on Nasdaq to $1.70 following an announcement of a deal to supply up to 1.5 million gallons per year of synthetic diesel to eight airlines. After Reuters headlines hit the wire, Rentech jumped another 50 percent to the day’s high of $2.54 in mid-afternoon trading. The shares finally ended at $2.40, an 86 percent rise from the previous day’s close. The interview was unmatched by Dow Jones, Bloomberg or AP. Brokerage Raymond James upgraded the stock the next day.