UPDATE: Piper Jaffray Lowers Renewable Energy Group's PT

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to a research report published this morning, Piper Jaffray has lowered Renewable Energy Group's (NASDAQ: REGI) PT from $17 to $14.In the report, Piper Jaffray said, "We are reiterating our Overweight rating on REGI, though we are taking a more conservative approach to our forward estimates to reflect tighter margins and uncertainties related to RFS mandates. Despite our lowered estimates, we believe REGI shares remain inexpensive and expect valuations to expand as the company reports seasonally stronger 2Q & 3Q results. The RFS uncertainty should be resolved in the next 2-3 months, which should not only improve industry fundamentals but also investor sentiment."Renewable Energy Group is currently trading at $8.30.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!