NEW YORK ( TheStreet) -- Shares of Rentech (AMEX: RTK) have taken a tremendous swing upward. The stock is trading at $1.95 as of 3:41 p.m. ET, 21.1% above Tuesday's closing price of $1.61. Volume is at 7.1 million, 3.4 times the daily average of 2.1 million.

Rentech has a market cap of $359.6 million and is part of the basic materials sector and chemicals industry. Shares are up 32% year to date as of the close of trading on Tuesday.

Rentech Inc. provides alternative and clean energy solutions; and manufactures and sells nitrogen fertilizer products.

TheStreet Ratings rates Rentech as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Rentech Ratings Report.

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