Price Action Don’t Lie: What’s Ahead for Renewable Energy Group Inc After Today’s Huge Increase?

Price Action Don't Lie: What's Ahead for Renewable Energy Group Inc After Today's Huge Increase?

The stock of Renewable Energy Group Inc (NASDAQ:REGI) is a huge mover today! About 118,817 shares traded hands. Renewable Energy Group Inc (NASDAQ:REGI) has declined 8.20% since April 5, 2016 and is downtrending. It has underperformed by 10.15% the S&P500.
The move comes after 8 months positive chart setup for the $363.05M company. It was reported on Nov, 7 by Barchart.com. We have $16.60 PT which if reached, will make NASDAQ:REGI worth $301.33 million more.

Renewable Energy Group Inc (NASDAQ:REGI) Ratings Coverage

Out of 2 analysts covering Renewable Energy (NASDAQ:REGI), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Renewable Energy has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, August 5. As per Thursday, November 3, the company rating was downgraded by Piper Jaffray. PiperJaffray downgraded Renewable Energy Group Inc (NASDAQ:REGI) rating on Thursday, November 3. PiperJaffray has “Neutral” rating and $9 price target. As per Friday, August 7, the company rating was upgraded by Zacks.

According to Zacks Investment Research, “Renewable Energy Group Inc. is a biodiesel manufacturer and marketer. The Company is focused on converting natural fats, oils and greases into biodiesel. It sells REG-9000 biodiesel to distributors throughout the United States. Renewable Energy Group Inc. is headquartered in Ames, Iowa.”

Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 0.15, from 1.5 in 2016Q1. The ratio turned negative, as 20 funds sold all Renewable Energy Group Inc shares owned while 32 reduced positions. 26 funds bought stakes while 44 increased positions. They now own 36.36 million shares or 3.86% more from 35.01 million shares in 2016Q1.
Amer Intll last reported 0% of its portfolio in the stock. The California-based Schwab Charles Inv Management has invested 0% in Renewable Energy Group Inc (NASDAQ:REGI). Security Natl Tru Company holds 0% or 6 shares in its portfolio. Alliancebernstein L P last reported 0% of its portfolio in the stock. Morgan Stanley has 0% invested in the company for 207,141 shares. Moreover, Barclays Public Lc has 0% invested in Renewable Energy Group Inc (NASDAQ:REGI) for 108,240 shares. Geode Capital Management Ltd Liability Corp last reported 306,254 shares in the company. Deere & Co has invested 0.01% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI). Invesco Ltd has invested 0% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI). Ajo L P accumulated 0% or 110,045 shares. The California-based California State Teachers Retirement Systems has invested 0% in Renewable Energy Group Inc (NASDAQ:REGI). Flagship Ventures 2007 General Partner Ltd owns 33,570 shares or 0.28% of their US portfolio. Art Advsr has 0.05% invested in the company for 116,770 shares. California Employees Retirement Systems last reported 504,667 shares in the company. Acadian Asset Ltd owns 335,630 shares or 0.02% of their US portfolio.

More recent Renewable Energy Group Inc (NASDAQ:REGI) news were published by: Seekingalpha.com which released: “A November Surprise For Renewable Energy Group?” on October 26, 2016. Also Businesswire.com published the news titled: “Renewable Energy Group Reports Third Quarter 2016 Financial Results” on November 02, 2016. Businesswire.com‘s news article titled: “Renewable Energy Group to Report Third Quarter 2016 Financial Results on …” with publication date: October 14, 2016 was also an interesting one.

REGI Company Profile

Renewable Energy Group, Inc., incorporated on April 29, 2009, is focused on providing cleaner, lower carbon intensity services and products while also providing conventional services and products. The Firm is a producer of biomass diesel in the United States. The Company’s divisions include Biomass diesel, Services, Renewable Chemicals and Corporate and other activities. The Firm is involved in various activities related to biomass diesel production, from acquiring feedstock, managing construction and operating biomass diesel production facilities to marketing, selling and distributing biomass diesel and its co-products. The Firm operates a network of over 10 biomass diesel plants, with an aggregate nameplate production capacity of approximately 430 million gallons yearly (mmgy), and over one fermentation facility. The Firm primarily produces its biomass diesel from a range of feedstocks, including inedible corn oil, used cooking oil and inedible animal fat. It also produces biomass diesel from virgin vegetable oils, which are available.

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