RBC ups Neste rating on 'unique' oil, renewables positioning

Neste Oyj

12/03/2026 15:06

** RBC upgrades Finnish refiner Neste NESTE.HE to "outperform" from "sector perform", citing "unique" positioning in both oil and renewable products

** Upgrade is driven by diesel/jet price surge and refining margin strength following Iran-related disruptions, the broker says

** Renewable diesel insulated from crude volatility; ~60% of 2026 volumes locked in on stronger diesel-linked pricing

** Refining segment benefits from high margins and low exposure to Strait of Hormuz, RBC adds

** Neste shares are up around 7% in afternoon trade

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))