Rodman & Renshaw Comments on Mission NewEnergy

Rodman & Renshaw provided color on Mission NewEnergy

in a research report published today. Rodman & Renshaw has previously given Mission NewEnergy a Market Perform rating. In the report, Rodman & Renshaw states, "The MNEL story is still going to be driven by how management executes in bringing a captive Jatropha feedstock into play. Investors should be looking for news around planting season (end of August) and Jatropha oil harvest (November). We believe management will continue to look for refining contracts to engage the available capacity." Shares of Mission NewEnergy were trading at $3.86 at the time of posting, up 4.04% from Wednesday's market close.