Stock of The Day: Renewable Energy Group Inc Increases Again; Strong Momentum for Buyers

Stock of The Day: Renewable Energy Group Inc Increases Again; Strong Momentum for Buyers

The stock of Renewable Energy Group Inc (NASDAQ:REGI) is a huge mover today! About 95,695 shares traded hands. Renewable Energy Group Inc (NASDAQ:REGI) has risen 12.95% since March 3, 2016 and is uptrending. It has outperformed by 4.60% the S&P500.
The move comes after 8 months positive chart setup for the $358.00 million company. It was reported on Oct, 6 by Barchart.com. We have $20.20 PT which if reached, will make NASDAQ:REGI worth $433.18M more.

Analysts await Renewable Energy Group Inc (NASDAQ:REGI) to report earnings on November, 1. They expect $0.62 EPS, up 240.91% or $1.06 from last year’s $-0.44 per share. REGI’s profit will be $24.28 million for 3.69 P/E if the $0.62 EPS becomes a reality. After $0.16 actual EPS reported by Renewable Energy Group Inc for the previous quarter, Wall Street now forecasts 287.50% EPS growth.

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 is 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.
Blackrock Fund Advsrs has invested 0% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI). Kcg Inc holds 22,918 shares or 0% of its portfolio. Gp has invested 0% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI). Metropolitan Life Ny, a New York-based fund reported 34,254 shares. Citadel Advsrs Limited Liability Co, a Illinois-based fund reported 260,805 shares. Vanguard Group accumulated 0% or 1.72M shares. Princeton Alpha Mgmt Ltd Partnership holds 0.03% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI) for 19,164 shares. Thrivent Fincl For Lutherans accumulated 90,400 shares or 0% of the stock. Point72 Asset Mgmt Ltd Partnership owns 979,800 shares or 0.06% of their US portfolio. Ladenburg Thalmann Financial Serv Inc has 2,570 shares for 0% of their US portfolio. Flagship Ventures 2007 General Partner Limited Liability Corporation holds 0.28% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI) for 33,570 shares. North Star Invest Mngmt Corp last reported 600 shares in the company. Blackrock Advsr Ltd holds 0% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI) for 18,754 shares. Connor Clark & Lunn Inv Mgmt Limited has invested 0% of its portfolio in Renewable Energy Group Inc (NASDAQ:REGI). California State Teachers Retirement Sys holds 0% or 90,789 shares in its portfolio.

Another recent and important Renewable Energy Group Inc (NASDAQ:REGI) news was published by Finance.Yahoo.com which published an article titled: “Renewable Energy Group posts 2Q profit” on August 04, 2016.

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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