Weakness Seen in Renewable Energy (REGI): Stock Tumbles 8.6% - Tale of the Tape

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Renewable Energy Group, Inc. ( REGI ) saw a big move last session, as the company's shares fell about 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for REGI, as the stock is now down nearly 15% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as this biodiesel producer has seen has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

REGI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.

Some better-ranked stocks in the same sector include Alliance Holdings GP, L.P. ( AHGP ), Alon USA Partners, LP ( ALDW ) and Athlon Energy Inc. ( ATHL ). All these carry a Zacks Rank #1 (Strong Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ALLIANCE HLDGS (AHGP): Free Stock Analysis Report

ALON USA PTNRS (ALDW): Free Stock Analysis Report

ATHLON ENERGY (ATHL): Free Stock Analysis Report

RENEWABLE ENERG (REGI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AHGP , ALDW , ATHL , REGI

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