Roth MKM maintained a Neutral rating and $35 price target on CNX Resources (CNX) following the company’s statement that the “final 45V tax credit implementation rules from the U.S. Treasury Department are overly restrictive across a range of feedstocks and do not appear to create sufficient economic incentives for it to expand its coal mine methane capture operations for hydrogen end use.” Following that statement, the firm believes CNX shares will have a “slight negative reaction” vs. its peers on Monday.
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Read More on CNX:
- TD Cowen ‘cautious’ on seeing 45V final rule as ‘final’
- Treasury releases final rules for clean hydrogen production tax credit
- Roth sees ‘slight positive reaction’ in CNX Resources on 45V rules
- CNX Resources downgraded to Underperform from Neutral at Mizuho
- CNX Resources price target raised to $35 from $34 at Truist
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
