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REGI

Renewable Energy

$25.50

5.78 (29.31%)

13:39
12/17/19
12/17
13:39
12/17/19
13:39

BWS says Renewable Energy could see 'best outcome possible' from budget

BWS Financial analyst Hamed Khorsand said the Congressional budget has been amended to include the biodiesel tax credit, which, if approved, would set up Renewable Energy for "the best outcome possible" from the federal budget negotiations. Under the proposed amendment, the credit would be retroactively approved until the end of 2022 at the rate of $1 per gallon of 100% biodiesel produced, noted Khorsand, who estimates Renewable could get approximately $500M for the gallons produced in 2018 and 2019 and will have a clear pathway to generating BTC dollars over the next three years if the current amendment is approved. He keeps a Buy rating on Renewable Energy shares, noting that his existing $31 price target was estimated without taking into consideration BTC in his valuation.

  • 23

    Mar

REGI Renewable Energy
$25.50

5.78 (29.31%)

05/03/19
ROTH
05/03/19
DOWNGRADE
ROTH
Neutral
Renewable Energy downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Craig Irwin downgraded Renewable Energy to Neutral from Buy following the company's "weak" Q1 earnings report, saying it appears the company is facing increased buy side competition for feedstocks driving tighter spreads between soybean oil and more economic oils like UCO and inedible corn oil. These margin headwinds will likely intensify in 2019, he says. Cash generation should remain impressive on BTC reinstatement, but contends this is already well understood, and Irwin says he will look for evidence of a compelling margin environment before becoming constructive.
06/24/19
ROTH
06/24/19
UPGRADE
Target $22
ROTH
Buy
Renewable Energy upgraded to Buy from Neutral at Roth Capital
Roth Capital analyst Craig Irwin upgraded Renewable Energy to Buy from Neutral after hosting the company for investor meetings at the firm's London Conference. Following the meetings, he believes there are solid odds for the probable reinstatement of the $1/gallon biodiesel tax credit, said Irwin, who estimates that such a reinstatement would support $500M incremental cash on the company's balance sheet. He has a $22 price target on Renewable Energy shares.
09/06/19
BWSF
09/06/19
NO CHANGE
BWSF
Strong Buy
Renewable Energy would benefit from biofuel mandate raise, says BWS Financial
Renewable Energy Group (REGI) shares have been weak this year on fears the company would not generate any free cash flow without passage of the biodiesel tax credit, BWS Financial analyst Hamed Khorsand tells investors in a research note. However, Reuters reported that President Trump's administration is considering raising the biofuel mandate for 2020 by 1B gallons, of which 500M gallons would be for biodiesel, to ease some of the grievances raised by farmers, the analyst points out. Such an increase would have an "immediate positive effect" on prices and allow Renewable Energy to recoup some of the losses from earlier in the year, says Khorsand. The analyst, who continues to believe the biodiesel tax credits is dead, views the potential biofuel mandate raise as the "best catalyst" to Renewable Energy growing free cash flow beyond his expectations. He keeps a Buy rating on the shares with a $31 price target.
12/03/19
HCWC
12/03/19
INITIATION
Target $35
HCWC
Buy
Renewable Energy initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Amit Dayal initiated coverage of Renewable Energy Group with a Buy rating and $35 price target. The company is differentiated from other renewable fuel providers on the basis of its ability to use a variety of feedstocks to produce its fuels and employing of a fully integrated operational model, covering the entire process from purchasing feedstock to distributing fuels with its own infrastructure and resources, Dayal tells investors in a research note. As such, he believes Renewable Energy is better positioned for cash flows and profitability.

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

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BKR

Baker Hughes

$23.56

0.06 (0.26%)

13:04
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Baker Hughes reports U.S. rig count up 15 to 796 rigs »

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MDR

McDermott

$0.73

0.0119 (1.66%)

13:02
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13:02
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13:02
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McDermott announces start of commercial operation of Freeport LNG Train 2 »

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AMGN

Amgen

$240.69

0.17 (0.07%)

13:02
01/17/20
01/17
13:02
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13:02
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Amgen analyst commentary  »

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  • 30

    Jan

BKR

Baker Hughes

$23.57

0.07 (0.30%)

13:01
01/17/20
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13:01
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13:01
Hot Stocks
Breaking Hot Stocks news story on Baker Hughes »

Baker Hughes reports U.S.…

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  • 22

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SNCA

Seneca Biopharma

$3.09

1.84 (147.20%)

12:59
01/17/20
01/17
12:59
01/17/20
12:59
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Seneca Biopharma surges after saying talks starting with 'interested parties' »

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AUPH

Aurinia Pharmaceuticals

$20.02

0.19 (0.96%)

12:45
01/17/20
01/17
12:45
01/17/20
12:45
Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

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12:45
01/17/20
01/17
12:45
01/17/20
12:45
General news
Breaking General news story  »

Week of 1/17 Baker-Hughes…

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01/17
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Breaking General news story  »

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DLAKY

Lufthansa

$0.00

(0.00%)

12:41
01/17/20
01/17
12:41
01/17/20
12:41
Periodicals
Lufthansa extends Tehran flight halt until March 28, Reuters reports »

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TM

Toyota

$139.71

-0.32 (-0.23%)

12:36
01/17/20
01/17
12:36
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12:36
Hot Stocks
Toyota provides outline of production alignment through 2022 »

To "improve the…

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TM

Toyota

$139.71

-0.32 (-0.23%)

12:33
01/17/20
01/17
12:33
01/17/20
12:33
Hot Stocks
Toyota Indiana completes $1.3B modernization, adds 550 new jobs »

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12:30
01/17/20
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General news
Treasury Dealer Agenda: the dealer meeting will be held on January 30, 31 »

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01/17
12:30
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Breaking General news story  »

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AXTA

Axalta Coating

$30.30

0.225 (0.75%)

12:25
01/17/20
01/17
12:25
01/17/20
12:25
Options
Axalta Coating call volume above normal and directionally bullish »

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  • 30

    Jan

12:25
01/17/20
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Conference/Events
Federal Reserve Board of Governors Vice Chairman speaks at a meeting »

Randal Quarles, Vice…

MSFT

Microsoft

$165.58

-0.66 (-0.40%)

, WORK

Slack Technologies

$22.68

-0.28 (-1.22%)

12:23
01/17/20
01/17
12:23
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12:23
Periodicals
Microsoft to launch global ad campaign for Teams, CNBC reports »

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MSFT

Microsoft

$165.58

-0.66 (-0.40%)

WORK

Slack Technologies

$22.68

-0.28 (-1.22%)

IPG

Interpublic Group

$23.96

0.22 (0.93%)

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  • 29

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  • 25

    Feb

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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DIS

Disney

$144.95

-0.15 (-0.10%)

12:07
01/17/20
01/17
12:07
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12:07
Periodicals
Disney dropping 'Fox' name from 21st Century Fox assets, Variety reports »

Disney is dropping the…

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  • 04

    Feb

TWOU

2U

$22.88

1.09 (5.00%)

12:06
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01/17
12:06
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12:06
Periodicals
2U mulls potential sale after activist pressure, Bloomberg reports »

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AAPL

Apple

$315.89

0.56 (0.18%)

12:04
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01/17
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12:04
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Apple announces overall deal with Julia Louis-Dreyfus for TV+ »

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  • 28

    Jan

WMT

Walmart

$115.04

-0.85 (-0.73%)

12:00
01/17/20
01/17
12:00
01/17/20
12:00
Hot Stocks
Walmart U.S. names Scott McCall incoming Chief Merchandising Officer »

Scott McCall is the…

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  • 21

    Jan

UGAZ

VelocityShares 3x Long Natural Gas ETN

$56.81

-5.14 (-8.30%)

12:00
01/17/20
01/17
12:00
01/17/20
12:00
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -8.2% »

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