CLMT

NEUTRALMacro

Calumet, Inc

2026-09-18

Price

$59.00

-0.08%

This is the 2026-09-18 snapshot — the signals and analysis for CLMT as of this single trading day.

View full CLMT research hub →

Score3.2Watchlist

Signals4/8 DNA0/13 Act · 3/4 Risk

SentimentNEUTRALScore: 8

Volume2.0xvs 20d avg

Analysis

Calumet (CLMT) is exhibiting High-Conviction Price Discovery, surging 22.2% over the last month and trading at 2.1x relative volume. This aggressive Institutional Absorption—despite a recent Q2 earnings miss—is driven by the company upsizing its credit facility to $600M and securing its final $34M DOE loan draw for the Montana Renewables MaxSAF expansion. Supported by a highly accommodative RISK_ON macro regime where tight credit spreads (0.78%) forgive balance sheet leverage, the market is aggressively bidding up CLMT's future sustainable aviation fuel (SAF) dominance and near-term margin expansion from Middle East oil disruptions.

Fired Signals

ALPHA MALEGOLDEN CROSSMARKET LEADERPERFECT STACKWEAK FINISHDISTRIBUTIONCHURNING

Key Takeaways

Actionable Thesis: CLMT is exhibiting market leadership with PERFECT_STACK and GOLDEN_CROSS signals, driven by heavy institutional accumulation and the de-risking of its MaxSAF expansion via finalized DOE funding.
Key Risk: The company operates with high leverage and negative shareholders' equity, making it highly sensitive to operational missteps or adverse changes in renewable fuel credits (RVOs).
What to Watch: Monitor the $45.77 technical line-in-the-sand for structural support, alongside geopolitical developments in the Middle East impacting refining spreads.

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