Market Overview

UPDATE: Piper Jaffray Reiterates Renewable Energy Group at Overweight on 4Q Beat

Related REGI
Biodiesel Manufacturing And What Matters In Financial Models
4 Bio-Resource Stocks Canaccord Genuity Is Watching
Renewable Energy Group's (REGI) CEO Dan Oh on Q1 2015 Results - Earnings Call Transcript (Seeking Alpha)

In a report published Tuesday, Piper Jaffray reiterated its Overweight rating on Renewable Energy Group (NASDAQ: REGI) and $9 price target.

Piper Jaffray reported that, “Following 4Q12 results that beat our expectations, we are modestly increasing our estimates to incorporate what appears to be improving supply and demand in the biodiesel market based on improving RINs values. We are modeling a gradual improvement in RINs values through the year, approaching $1 in the 4Q, where a more significant improvement would provide upside to our model. We believe the uncertainties around the 2014 RVO may weigh on the stock and possibly put downward pressure on RINs values. We believe REGI will continue to improve its margin profile bringing on flexible feedstock technology at new facilities and we reiterate our Overweight rating and $9 price target.”

Renewable Energy Group's shares close as 7.60 on Monday.

Latest Ratings for REGI

May 2015Canaccord GenuityMaintainsHold
Jan 2014Piper JaffrayDowngradesBuyNeutral
Nov 2013Canaccord GenuityDowngradesBuyHold

View More Analyst Ratings for REGI
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Reiteration Analyst Ratings


Related Articles (REGI)

Around the Web, We're Loving...