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
Some better-ranked stocks in the same sector include Alliance Holdings GP, L.P.
), Alon USA Partners, LP
) and Athlon Energy Inc.
). 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 reportALLIANCE HLDGS (AHGP): Free Stock Analysis ReportALON USA PTNRS (ALDW): Free Stock Analysis ReportATHLON ENERGY (ATHL): Free Stock Analysis ReportRENEWABLE ENERG (REGI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research