A Reversal for Renewable Energy Group, Inc. (REGI) Is Not Near. The Stock Rises Again

Renewable Energy Group, Inc. (NASDAQ:REGI) Logo

Investors sentiment decreased to 0.9 in Q2 2019. Its down 0.20, from 1.1 in 2019Q1. It turned negative, as 44 investors sold Renewable Energy Group, Inc. shares while 56 reduced holdings. 27 funds opened positions while 63 raised stakes. 41.22 million shares or 0.16% more from 41.15 million shares in 2019Q1 were reported.
Amp Capital Invsts Limited stated it has 13,700 shares. Alps Advisors owns 75,541 shares. Thrivent Fincl For Lutherans holds 0% or 29,263 shares. Rhumbline Advisers owns 0% invested in Renewable Energy Group, Inc. (NASDAQ:REGI) for 157,306 shares. Jpmorgan Chase And Company holds 0.01% or 1.63 million shares. United Kingdom-based Legal General Public Limited has invested 0% in Renewable Energy Group, Inc. (NASDAQ:REGI). Moreover, Northern Trust Corp has 0% invested in Renewable Energy Group, Inc. (NASDAQ:REGI). Argi Investment Limited Liability Corporation holds 15,419 shares or 0.05% of its portfolio. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Renewable Energy Group, Inc. (NASDAQ:REGI). Aqr Cap Limited Liability Company reported 155,933 shares stake. Alliancebernstein L P reported 210,062 shares. Moreover, Schroder Invest Management Gru has 0.01% invested in Renewable Energy Group, Inc. (NASDAQ:REGI). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 2,671 shares or 0% of all its holdings. The Minnesota-based White Pine Cap Limited Com has invested 0.09% in Renewable Energy Group, Inc. (NASDAQ:REGI). Moreover, Eidelman Virant has 0.65% invested in Renewable Energy Group, Inc. (NASDAQ:REGI).

The stock of Renewable Energy Group, Inc. (NASDAQ:REGI) is a huge mover today! The stock increased 3.46% or $0.53 during the last trading session, reaching $15.86. About 923,070 shares traded or 14.93% up from the average. Renewable Energy Group, Inc. (NASDAQ:REGI) has declined 19.35% since September 13, 2018 and is downtrending. It has underperformed by 19.35% the S&P500.
The move comes after 9 months positive chart setup for the $618.08M company. It was reported on Sep, 13 by Barchart.com. We have $16.81 PT which if reached, will make NASDAQ:REGI worth $37.08M more.

Analysts await Renewable Energy Group, Inc. (NASDAQ:REGI) to report earnings on November, 5. They expect $0.06 earnings per share, down 88.68 % or $0.47 from last year’s $0.53 per share. REGI’s profit will be $2.34M for 66.08 P/E if the $0.06 EPS becomes a reality. After $-1.51 actual earnings per share reported by Renewable Energy Group, Inc. for the previous quarter, Wall Street now forecasts -103.97 % EPS growth.

Renewable Energy Group, Inc. (NASDAQ:REGI) Ratings Coverage

Among 2 analysts covering Renewable Energy Group (NASDAQ:REGI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Renewable Energy Group has $35 highest and $22 lowest target. $28.50’s average target is 79.70% above currents $15.86 stock price. Renewable Energy Group had 5 analyst reports since April 4, 2019 according to SRatingsIntel. The company was upgraded on Monday, June 24 by Roth Capital.

More notable recent Renewable Energy Group, Inc. (NASDAQ:REGI) news were published by: Seekingalpha.com which released: “Renewable Energy offloads REG Life Sciences business – Seeking Alpha” on June 06, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Renewable Energy Group Inc (REGI) – Yahoo Finance” published on May 03, 2019, Globenewswire.com published: “Renewable Energy Group Reports Third Quarter 2018 Financial Results – GlobeNewswire” on November 06, 2018. More interesting news about Renewable Energy Group, Inc. (NASDAQ:REGI) were released by: Globenewswire.com and their article: “Renewable Energy Group Statement on Final EPA Renewable Fuel Volumes – GlobeNewswire” published on November 30, 2018 as well as Globenewswire.com‘s news article titled: “Renewable Energy Group Reports Fourth Quarter and Full Year 2018 Financial Results – GlobeNewswire” with publication date: March 05, 2019.

Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the United States. The company has market cap of $618.08 million. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other divisions. It currently has negative earnings. The Biomass-Based Diesel segment acquires feedstock; manages, constructs, and operates biomass diesel production facilities; and markets, sells, and distributes biomass diesel and its co-products.

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