Darling Ingredients' Bull Case Gets Boost from Renewable JV and Collagen Joint Venture

Darling Ingredients (DAR) shares have risen 8.8% after Baird upgraded the company, citing a more favorable outlook for its Diamond Green Diesel joint venture and a new collagen and gelatin joint venture with Tessenderlo Group. The upgrade highlights shifting US renewable fuel regulations and Darling's majority stake in the new platform. While the shares are undervalued, investors should be cautious due to the company's low profitability and past earnings volatility.