Weakness Seen in Renewable Energy (REGI): Stock Tumbles 8.6%

Zacks

Renewable Energy Group, Inc. (REGI) saw a big move last session, as the company’s shares fell about 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for REGI, as the stock is now down nearly 15% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this biodiesel producer has seen has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

REGI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.

Some better-ranked stocks in the same sector include Alliance Holdings GP, L.P. (AHGP), Alon USA Partners, LP (ALDW) and Athlon Energy Inc. (ATHL). All these carry a Zacks Rank #1 (Strong Buy).

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RENEWABLE ENERGY GROUP INC (REGI): Free Stock Analysis Report

ALLIANCE HOLDINGS GP LP COMMON R (AHGP): Free Stock Analysis Report

ALON USA PARTNERS LP (ALDW): Free Stock Analysis Report

ATHLON ENERGY INC (ATHL): Free Stock Analysis Report


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