UBS ups Neste on higher diesel prices, biofuel support

Neste Oyj

24/04/2026 13:10

** UBS upgrades Finnish fuel maker Neste NESTE.HE to "buy" from "neutral", saying higher diesel prices, stronger biofuel regulatory are not fully priced in after the recent pullback of  shares

** "After rising to nearly EUR 30 ($35.15) in March, they are down to around EUR 25 despite the Renewable Products continuing to surprise to the upside," UBS says in a note

** The broker sees regulatory developments as supportive in both Europe and the U.S., adding that European margins had already improved sharply in recent months and weeks and that U.S. margins have also expanded

** Out of 23 analysts covering Neste, 11 rate the stock "strong buy" or "buy", eight rate it "hold" and four rate it "sell" or "strong sell" - LSEG

** The stock gains 2.4% in afternoon trade

($1 = 0.8535 euros)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))