**Calumet, Inc. (CLMT) has seen a 12% increase in its stock price, reaching $35.90, over the last two trading sessions.** This rise is supported by significant trading volume, marking a 33.2% gain over the past month. The company is focusing on producing cleaner fuels from petroleum and renewable sources, with plans to expand its MaxSAF 150 project to an annual production capacity of 120-150 million gallons of sustainable aviation fuel (SAF). Agreements for nearly 100 million gallons of SAF have already been secured.
For the upcoming quarter, Calumet is expected to report a loss of $0.61 per share, a 40.8% improvement year-over-year, alongside projected revenues of $997.25 million, up 0.3% from the previous year. In the last 30 days, earnings estimates have been revised up by 18.7%, suggesting potential for continued stock price appreciation.
