|Bid||15.53 x 1300|
|Ask||16.22 x 800|
|Day's Range||15.29 - 15.63|
|52 Week Range||13.40 - 32.52|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||20.93|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.75|
Renewable Energy Group, Inc. (REGI) the nation’s leading advanced biofuel producer, today celebrated the grand opening of the company’s first diesel fueling station in Seneca, Illinois. Diesel customers from trucking fleets to local diesel vehicle owners will be able to fill up with biodiesel blended fuel to conveniently reduce harmful greenhouse gas emissions. “This diesel fueling station is another example of how REG is moving fuel forward by expanding our capabilities,” said Cynthia J. Warner, REG President & CEO.
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
(Bloomberg) -- The Trump administration on Friday advanced plans to modestly lift U.S. biofuel-blending targets, while dodging fights over how frequently to waive refineries from the quotas and how to offset those exemptions.Under the Environmental Protection Agency’s proposal, refiners and importers would be required to use 20.04 billion gallons of renewable fuel in 2020, a 0.6% increase over the existing 2019 quota of 19.92 billion gallons. As much as 15 billion gallons could be fulfilled from conventional renewable fuels, such as corn-based ethanol, while refiners would have to turn to advanced biofuels for the remaining 5.04 billion gallons. The EPA is proposing a 2.43 billion gallon quota for biomass-based diesel in 2021, identical to the 2020 target.The initiative aims to balance two competing interests -- oil and agriculture -- but left both sides unsatisfied Friday. Oil industry representatives say the Trump administration is bypassing opportunities to ratchet down requirements that displace petroleum-based gasoline. And renewable fuel advocates say the EPA is failing to account for agency decisions to waive refineries from billions of gallons worth of biofuel quotas.Biofuel proponents argue the administration has handed out the waivers too freely, undermining domestic demand for their products and the corn and soybeans used to make them. After farmers and other biofuel allies took their case directly to Donald Trump, the president directed top administration officials to evaluate the government’s handling of the exemptions.Although the administration is considering ways to offset the waived biofuel quotas and effectively redistribute them to non-exempted refineries, the EPA didn’t make any such move in the proposal.“EPA is blatantly undercutting President Trump’s commitment to ethanol,” said Geoff Cooper, president of the Renewable Fuels Association. By failing to account for expected refinery exemptions, “EPA has chosen to continue its demand destruction campaign that has been crippling to both ethanol producers and the farmers who supply our industry,” Cooper said.The agency also proposed not to retroactively hike 2016 quotas despite a federal court ruling that the EPA had wrongly pared biofuel-blending requirements by some 500 million gallons for the year. The EPA said its decision reflects concern about “burdens” that retroactive requirements would place on refiners as well as an expectation that biofuel producers are unable to manufacture “appreciably higher volumes of renewable fuel” next year, beyond what the agency is proposing.EPA PraisedScott Segal, a lobbyist at Bracewell LLP and long-time refining industry representative, said the EPA rightly avoided reopening the 2016 target, because that “could have created profound due process and statutory problems.” Renewable fuel advocates said the EPA’s plan to flatline the biomass-based diesel target for 2021 doesn’t reflect the industry’s full capacity to produce biodiesel from soybeans and waste cooking oil. “The proposal sends a chilling signal to America’s biodiesel and renewable diesel producers of EPA’s intent to limit market growth for cleaner fuels,” said Kurt Kovarik, vice president of the National Biodiesel Board. The proposal “is likely to reduce America’s use of cleaner, low-carbon biodiesel and renewable diesel for transportation over the next several years, encouraging more petroleum use.”Renewable Energy Group Inc., one of the largest U.S. biodiesel producers, fell 15 cents, or 1%, to $15.59 at 12:51 p.m. in New York. The shares earlier traded as high as $15.80.Exemptions ReviewedIndependent oil refineries and their allies on Capitol Hill have pushed back on the administration review of refinery exemptions, warning that Agriculture Secretary Sonny Perdue‘s involvement in waiver decisions could violate federal law and vowing to block the confirmation of Agriculture Department nominees over the issue.The Fueling American Jobs Coalition of refiners on Friday asserted the exemptions have not affected ethanol demand, sales or production. Meanwhile, the group said, the U.S. biofuel mandate needs “wholesale repair.”“The implementation of the Renewable Fuel Standard is deeply flawed, needlessly penalizing independent refiners, small gasoline retailers and others,” the coalition said. The oil industry pressure campaign -- and a surge in tradable credits used to show compliance with quotas -- reflect growing speculation the Trump administration will dial back the exemptions. Since June 10, the day before Trump got an earful from disgruntled farmers and biofuel producers in Iowa, Renewable Identification Numbers tracking 2019 ethanol mandates have increased 61.4%.The EPA will now take public comment on its proposed biofuel targets, keeping the agency on track to finalize next year’s quotas before a Nov. 30 deadline. It is still honing a separate, broader “reset” of the Renewable Fuel Standard.(Updates with shares and details on proposal from sixth paragraph.)To contact the reporters on this story: Jennifer A. Dlouhy in Washington at email@example.com;Mario Parker in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Elizabeth Wasserman, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Renewable Energy Group (REGI) has launched a new website, regi.com, that includes hundreds of resources about cleaner fuels like biodiesel and renewable diesel, offering a wealth of information to people wanting to learn more about emission-cutting fuels and the nation’s largest biodiesel producer. “For more than 20 years, REG has been transforming renewable resources into cleaner fuels to meet the growing global demand for low-carbon fuel solutions for transportation markets,” said Gary Haer, Vice President, Sales & Marketing at REG. This library serves as a centralized location for visitors to learn about the environmental, performance, and financial benefits of biodiesel, renewable diesel, and other fuels from an authoritative source in the industry.
Editor's note: This story was previously published in April 2019. It has since been updated and republished.The 2020 Olympic Summer Games are to be held in Tokyo, Japan. The organizers of the games are planning to power the events with 100% renewable energy, which is great news for renewable energy stocks.Not only will the facilities where the sporting events are to take place to be powered exclusively by solar and wind power, so, too, will the athletes' village, international broadcasting center and press facilities. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an unprecedented undertaking that will highlight the decarbonization of Japan, providing a view into a future fully powered without fossil fuels. The city of Tokyo plans to generate 30% of its annual power consumption needs through renewable energy sources that include solar roads -- already installed on highways in France -- across the city by 2030. The following seven renewable energy stocks to buy will benefit from the publicity generated at the 2020 Olympic Games. * 10 High-Yielding Dividend Stocks That Won't Wilt However, that's nearly two years from now. Here's why each of them makes very compelling investments today: NextEra Energy (NEE)Not only is NextEra Energy (NYSE:NEE) the world's largest utility, it's also the largest producer of wind and solar energy anywhere on the planet, making it one of the best renewable energy stocks to buy for the long haul. Source: Shutterstock Many people probably know NextEra because of its Florida Power and Light subsidiary that serves more than 5 million Floridians and is one of the largest rate-regulated electric utilities in the U.S.However, it is the subsidiary NextEra Energy Resources that is paving the way for future shareholders gains. It owns 120 wind facilities in North America that generate 13,000 megawatts of energy annually. It also generates more than 2,000 megawatts of solar power from facilities in seven states and Canada, along with natural gas-fired and nuclear power plants that deliver additional power generation.However, it is the company's views on diversity that makes it an excellent long-term investment. I'm not much of a fan of investing in utilities, but NextEra Energy's definitely got me very intrigued. Brookfield Renewable Partners (BEP)Brookfield Renewable Partners (NYSE:BEP) announced that it had increased its ownership (with partners) of TerraForm Power (NASDAQ:TERP) from 51% to 65% by purchasing an additional 61 million shares in a private placement. The investment will add $80 million annually to Brookfield Renewable's funds from operations, making it one of the really smart stocks to buy to get into solar. Source: Shutterstock TerraForm Power generates 3,634 megawatts of solar and wind power around the globe with 65% right here in the U.S., another 26% in Europe, and the remainder from facilities in Canada, Chile and Uruguay. Brookfield Renewable worldwide has 843 renewable power facilities in North America, Latin America and Europe capable of producing 16,300 megawatts of power annually.In North America alone, its renewable energy facilities generate enough electricity to power 2 million homes. * 5 Stocks to Buy for $20 or Less If you want to own more than renewable energy assets, you might consider Brookfield Asset Management (NYSE:BAM) which owns 61% of BEP and is one of the world's largest alternative asset managers. If I could only own one company's stock, Brookfield Asset Management would be at the top of my list. TransAlta (TAC) Like Brookfield Renewable, it could be more attractive to U.S. investors to choose TransAlta Corporation (NYSE:TAC) as a one of the best renewable energy stocks to buy rather than its 64%-owned renewable energy subsidiary TransAlta Renewables (TSE:RNW), which trades on the Toronto Stock Exchange. Source: russellstreet via FlickrTransAlta Renewables pays approximately CAD 150 million in dividends annually to its parent from the free cash flow generated from wind-power facilities in the U.S. and Canada that have the capacity to produce 1,248 megawatts of power and 49% of its annual cash flow along with natural gas-fired power generation that delivers 47% of its annual cash flow with hydroelectric facilities providing the rest. TransAlta Renewables is in the process of strengthening its balance sheet. Over the past two years, it has cut CAD$900 million of its debt, which should result in the company's free cash flow doubling over the next three years. The company currently pays a 1.18% monthly dividend, so by buying the parent, you're giving yourself a little more safety but a much lower dividend yield. Although there are risks to owning Canada's largest generator of wind power, if you're an aggressive investor, I'd go with RNW. Enviva (EVA)This is probably the least sexy renewable energy stocks to buy in the sector, but Enviva Partners (NYSE:EVA) is a good one nonetheless.Source: Alternative Heat via FlickrEviva is the world's largest producer of wood pellets, producing over three million metric tons each year from seven plants in the Southeastern part of the U.S. The pellets themselves are sold to utilities in the U.K. and Europe that use them in place of coal to produce a cleaner electricity source. * 7 Top-Rated Biotech Stocks to Invest In Today Thanks to wood pellet businesses in the south like Enviva, greenhouse gas emissions have been reduced (PDF), forests are growing and jobs have been created, providing a trio of benefits that are hard to beat.Enviva has long-term supply contracts that provide stable cash flows. If you're an income investor, Enviva is a very safe way to meet your annual income requirements. Renewable Energy Group (REGI)Renewable Energy Group (NASDAQ:REGI) is another simple yet attractive business turning vegetable oils and animal fats into diesel fuel. Whenever you see one of those trucks sucking out the grease traps at a restaurant, it's going to one of Renewable Energy's 13 biomass refineries to be turned into diesel fuel. The company has the capacity to produce 575 million gallons of diesel fuel annually, 70% of which is sold to major travel centers and fuel marketers.The demand for biodiesel is tremendous. California, Texas, New York and seven other states bought 1.5 billion gallons of the stuff in 2018, up from 1.15 billion in 2016. In Q4 2018, Renewable Energy sold 163.2 million gallons of biodiesel generating $519.8 million in revenue and $44.5 million in adjusted EBITDA. The company's adjusted EBITDA in the quarter was the highest in the past five years. Although its stock had a strong 2018, up 124%, and has struggled so far this year, I believe it has got room to move into the $30s on rising demand. TPI Composites (TPIC)What is one of the main ingredients needed for wind power? Wind, of course, but you also need turbine blades to generate that power. TPI Composites (NASDAQ:TPIC) is the largest independent manufacturer of composite wind blades for turbine manufacturers. It has facilities in North America, Europe and Asia and is one of those stocks to buy for an alternate position on renewables. Source: Susann Nilsson via FlickrAlthough its major business is providing wind blades for turbines, the company is working to diversify its revenue streams. Last year, it announced a joint development agreement with Navistar International (NYSE:NAV) to develop a composite tractor and frame rails for a Class 8 truck. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 The project brings the company's strategic development plans into a new area outside of its core market providing investors with promising future growth.For all of 2019, analysts on average expect TPI Composites' revenue to reach $1.5 billion for the first time in the company's history. With margins moving higher, the profits will follow. Siemens (SIEGY)This last one gives you exposure to a global industrial player in Siemens (OTCMKTS:SIEGY) which, amongst its many ventures, owns 59% of Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF), the world's largest producer of wind turbines and one of the interesting renewable stocks to buy without going all in on renewables. Source: FlickrSiemens Gamesa sells its turbines to both onshore and offshore wind farms around the world. In June, Siemens Gamesa announced that it would supply 70 units of its Onshore OptimaFlex wind turbines to three onshore wind farms in Norway. The turbines will provide approximately 294 megawatts of power and have a 25-year lifetime. In Norway alone, Siemens Gamesa's turbines provide more than 500 megawatts of power with another 390 megawatts under installation. It has a total installed base of 85 gigawatts of power generated from its wind turbines. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns appeared first on InvestorPlace.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Genomatica, a technology leader for bio-based chemicals, announced it has acquired certain assets of the REG Life Sciences division (REG LS) of Renewable Energy Group, Inc. (REGI), the largest supplier of advanced biofuels in North America. Genomatica intends to use these assets to develop a wider range of sustainable chemicals which in turn are used to make numerous everyday materials and products. The asset acquisition provides Genomatica with its third major product platform, allowing it to expand into household and industrial cleaning products, and flavors and fragrances, further growing its ingredients for the apparel, packaging and personal care markets.
Renewable Energy Group, Inc. (REGI) announced today that it completed the sale of substantially all assets of REG Life Sciences’ to Genomatica on May 29, 2019. “We are pleased to be selling our Life Sciences’ assets to Genomatica, who are well positioned to build upon the technical progress we have made, and to advance the team and the technology through to commercialization,” said REG’s CEO Cynthia J. Warner.
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Renewable Energy Group, Inc. today announced that its President and Chief Executive Office, Cynthia Warner, and its Chief Financial Officer, Chad Stone are scheduled to present at the 14th Annual BMO Farm to Market Conference at the Grand Hyatt Hotel in New York City on Wednesday, May 15, 2019, at 4:10 PM ET.
Renewable Energy Group (REG) and Broco Oil Company announced today a partnership to provide cleaner fuel options to heating oil dealers in the Northeast. The companies are working together to provide a state-of-the-art blending facility in Haverhill, MA. “We are thrilled to be partnering with a biofuels producer like REG to continue to grow our business,” said Robert Brown, owner of Broco Oil Company.