FF - FutureFuel's Operating Outlook Is Rapidly Improving
The share price of biodiesel and specialty chemicals producer FutureFuel (FF) has embarked on a rally since March that has been remarkable even compared to that of the S&P 500 over the same period (see figure). While the company's share price fell by 25% in late February as market sentiment rapidly turned bearish in response to the COVID-19 pandemic, it has since rallied by 78% on a total return basis from its March lows. Whereas the S&P 500 is still in negative territory for the year, FutureFuel's share price has increased by more