Biofuel Feedstock Supplier Darling Surges on Improved Outlook

Darling Ingredients Inc. rose the most in 14 months as a rebound in waste fat prices — a key biofuel ingredient — stokes optimism for improved profits later this year.

Increasing demand for the low-carbon feedstock is helping lift prices from depressed levels seen over the past several months, signaling stronger earnings for Darling in the second half of the year, said Chief Executive Officer Randall Stuewe. Shares of the company rose as much as 9.1% for the biggest intraday advance since May 2023.