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REGI

Renewable Energy

$11.20

0.1 (0.90%)

18:50
08/22/17
08/22
18:50
08/22/17
18:50

Renewable Energy CEO: Commerce Dept. move 'victory' for job creation

The U.S Department of Commerce announced its preliminary decision today to impose countervailing duties on biodiesel imported into the U.S. from Argentina and Indonesia. The preliminary ruling will require importers of biodiesel from Argentina and Indonesia to pay cash deposits on biodiesel brought into the U.S. from those countries. The deposits will range from 50.29 to 64.17 percent for biodiesel imported from Argentina and from 41.06 to 68.28 percent on biodiesel from Indonesia depending on the producer/importer involved. The deposit requirement will be imposed when the findings are posted in the Federal Register sometime the week of August 28. Additionally, the Commerce Department found so-called "critical circumstances" involving the surge of imported biodiesel from Argentina after the U.S. producer coalition filed the petition. This sets the stage for retroactive duties going back to May 2017. Renewable Energy Group interim president and CEO Randy Howard issued the following statement after the announcement: "This is a victory for American manufacturing and job creation. The Commerce Department stood up for fairness for American biodiesel producers and leveling the playing field against imported biofuel that was unjustly subsidized. And with the critical circumstances finding against Argentina, the U.S. government sent a strong signal that these trade practices should not continue as this case proceeds. This should give American biodiesel producers the opportunity to make more cleaner-burning advanced biofuel here at home. As we and others have testified to the EPA and the Administration during the public comment period on the RVO's earlier this month, our domestic industry can easily increase production to match volumes similar to what we have seen from Argentina and Indonesia. We can then realize the increasing benefits biodiesel provides for American workers, our economy and our environment."

  • 22

    Aug

REGI Renewable Energy
$11.20

0.1 (0.90%)

05/05/17
ADAM
05/05/17
UPGRADE
Target $16
ADAM
Buy
Renewable Energy upgraded to Buy from Hold at Canaccord
Canaccord analyst John Quealy upgraded Renewable Energy to Buy from Hold and increased its price target to $16 from $11. After three years, the analyst now views risk/reward as compelling given the combination of a more favorable biodiesel macros, an enhanced platform, and solid management execution.
11/25/16
PIPR
11/25/16
NO CHANGE
PIPR
Piper views EPA ruling as positive for Green Plains, Renewable Energy
The Environmental Protection Agency on Wednesday released the final 2017 Renewable Volume Obligations under the Renewable Fuel Standard, Piper Jaffray analyst Brett Wong tells investors in a research note. The ruling shows support for biofuel growth across all categories, including conventional corn ethanol, Wong contends. He believes Green Plains (GPRE) and Renewable Energy (REGI) are poised to benefit on the 2017 final ruling.
11/03/16
PIPR
11/03/16
DOWNGRADE
PIPR
Neutral
Renewable Energy downgraded to Neutral from Overweight at Piper Jaffray

TODAY'S FREE FLY STORIES

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Celcuity

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BSTI

BEST Inc

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GIS

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-1.05 (-1.86%)

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PCRX

Pacira

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-0.6 (-1.65%)

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AVEVF

Aveva

19:56
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Upgrade
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ZLAB

Zai Lab

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OHI

Omega Healthcare

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-0.12 (-0.37%)

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F

Ford

$11.72

0.09 (0.77%)

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Periodicals
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FDX

FedEx

$216.00

0.92 (0.43%)

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EE

El Paso Electric

$54.85

0.05 (0.09%)

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

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  • 19

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CPRT

Copart

$32.54

-0.32 (-0.97%)

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Earnings
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  • 20

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

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Earnings
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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

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BBBY

Bed Bath & Beyond

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  • 19

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DESP

Despegar.com

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  • 20

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WAC

Walter Investment

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CBAY

CymaBay

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BBBY

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  • 19

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

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  • 25

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BPL

Buckeye Partners

$56.33

0.64 (1.15%)

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

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GEMP

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$9.65

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, ORIG

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BBBY

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FDX

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