whytestocks
4 years ago
Breaking News: $REGI Renewable Energy Group to Report Third Quarter 2020 Financial Results on Thursday, November 5, 2020
- Conference Call to Follow at 4:30 p.m. ET/3:30 p.m. CT – Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that it will release financial results for the third quarter 2020 after the market close on Thursday, November 5, 2020. An investor conference cal...
Read the whole news REGI - Renewable Energy Group to Report Third Quarter 2020 Financial Results on Thursday, November 5, 2020
whytestocks
4 years ago
Breaking News: $REGI Renewable Energy Group Hires Bob Kenyon as Vice President, Sales & Marketing Following the Announcement of Gary Haer's Retirement
Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that Bob Kenyon will be joining the company as Vice President, Sales & Marketing effective September 30, 2020. Kenyon will be succeeding Gary Haer following his decision to retire. This press release features multimedia...
In case you are interested REGI - Renewable Energy Group Hires Bob Kenyon as Vice President, Sales & Marketing Following the Announcement of Gary Haer's Retirement
OTCpicks1
5 years ago
$REGI Renewable Energy reports Q2 loss
Renewable Energy (REGI -18.4%) witnessed challenging margin environment in Q2 as a result of uncertainty around both the BTC and small refinery exemptions.
The company swung into losses with net loss $57.6M, compared to net income of $28.3M and adjusted EBITDA loss of $42.3M, compared to Adjusted EBITDA of $44.3M last year.
Revenues were down 3.2% Y/Y to $560.6M impacted by 18.1% lower average selling price for biodiesel, partially offset by 14.8% increase in gallons sold to 197,377
Lower biodiesel prices resulted from customers' preference to take on smaller share of the benefit of a potential BTC reinstatement, and lower ULSD prices.
Overall average selling price per gallon was down 13.2% to $2.70.
Produced 126.8M gallons of biomass-based diesel, 2% increase.
Ramberts
5 years ago
Oh yeah, and for the record, even though I think ANDE will survive, I don't think REGI should buy them at all. It's not a good fit, ethanol is not as clean a fuel as biodisel, their business models do not fit well at all. Both companies would be better off separate, but FF is a wonderful fit, and I think they would increase REGI's margins drastically...not only with new transferification-like products, but patents, and professional personnel.
ANDE would be like entering an entirely new market, FF is like buying a company that is already their bread and butter, but also expanding their product base on the same technical process.
Ramberts
5 years ago
Just put a limit order in for $15.6 to buy the rest of my position back that I sold before earnings release. Hope it fill tomorrow. Wish I could've gotten it in the 13's...but it just kept dropping, but it seems to have settled nicely, great time to get back in IMO. Oil price uptick will help this stock, but I think Grassley has a lot of pull on Trump and will push him to get the biodiesel credit extended plus retroactive credits for 2018, more important. Trump, IMO needs to do this to win Iowa, farmers there are pissed off about trade wars, extend that credit, and they will be pleased. REGI is the only pure play company that can survive if the tax credit doesn't succeed in the renewable arena, other than agricultural conglomerate giants like ADM and a few smaller players like ANDE and FF(owned FF, they need to try to expand beyond one plant at some point, renewable chemicals as well as diesel portfolios are intriguing.) REGI should really buy FF so they can have their renewable chemical patent portfolios and their extraordinarily consistent plant that has been profitable even during the dark years where almost every single renewable fuel producer went out of business.
I can't get over how consistent FF has been, 1 large plant, profitable for every year, everyone else going out of business, FF, is not only profitable, but paying dividends for all those years too. It's a pretty remarkable story, POET, Solazyme, Amyris, Syntroleum and many other big players all ceased renewable operations or went bankrupt, but lil ol' Future Fuels during times of record low margins and govt support, not only stayed in business, but remained profitable and STILL were able to pay dividends. Perfect portfolio to integrate into REGI, hope they are looking at that opportunity.
The rabbit in REGI's hat is renewable diesel vs transerification margins, plus their intellectual property in areas that may turn green within 5-10 years, like Phase Change Materials and Algae refining. Both of these areas, REGI has intellectual property, and almost all companies are gone from this arena because they started when oil was too low (or dropped too much while they were making progress, nice dividend for a very small cap, not really micro, but really small, they need to try to expand or better yet, REGI buys them out) and R&D was too high.
I like 15.6 a lot, I like 13 better, but it was dropping like a tank than, and wanted to see if it was going lower. Looks to have stabilized. Next earnings reports should be better due to higher oil costs and better revenues and margins. When more renewable diesel signs on, the margins will continue to grow IMO, company is working on it right now, seems to be their top priority to increase renewable diesel capacity.
Ramberts
5 years ago
I was a holder of SYNM and did not do well. When I heard REGI was buying...I went in large. I think REGI has a great management team and I know where they are going for the future, renewable diesel (higher margin, easier blending, better cold weather properties than biodiesel). I sold 50% of shares yesterday for a decent profit. The market wants the tax credit, in the future REGI will not need it IMO because they are going towards higher margin renewable diesel. I am not expecting the May 2 earnings to be great.
I am going to try to buy back in before this bill gets voted on, maybe even May 3rd at a larger position than before...
http://biomassmagazine.com/articles/16060/finkenauer-introduces-house-bill-to-extend-biodiesel-tax-credit
I expect a nice rise in price if it is voted in.
The Air Force, Navy, Army wants renewable fuel...with more refineries, I think around 2025-2030 they will get it, and the only company that will be in a position to sell it is REGI. Dynamic Fuels was not to scale when they were selling...they had to transport renewable diesel to other facilities for additional refining, not ideal. I think by 2025-2030, they will have it down pat all in house.
I also like their patent portfolio, specifically Phase Change Materials, which they are still working on.
https://www.linkedin.com/in/raminabhari/
This guy is one of the smartest scientists in the oil and gas industry that goes along with a solid management team that is conservative financially, yet willing to invest in R&D so one of the smartest scientists in the oil and gas industry can make his magic.
I think eventually...REGI is going Algae due to Ramin Abhari, but they won't make the SYNM mistake, they will do it when the margins are right and when production within the refineries are truly ready. Could be a decade or two away...but that is the true gold mine IMO.
Ramberts
6 years ago
Hey all, we sure made a lot of money on this thing, anyone following over here? The room for growth is still enormous. With Geismar expansion and continued scale to economy with biodiesel, this thing has some serious potential. The PE ratio after this enormous run is still microscopic. Renewable diesel has better margins than their biodiesel, and I think they are going to make a serious expansion beyond Geismar in the next 5 years.
Some of my friends ask me why it still looks so undervalued. Part of it is oil prices have been low for so long and most alt energy went belly up when this happened. REGI has management that operated much smarter than these firms and invested in struggling firms' refineries that spent too much on investments when oil was ridiculously high. When oil tanked, REGI started buying and enhancing refineries at pennies at the dollar. REGI bought SYNM, that is their golden ticket. The stuff has better performance than fossil fuel based diesel built for cold weather, companies want to pay extra for it than regular diesel because of its characteristics, tax incentives, high performance and better margins than biodiesel.
Another reason is investors hate alt energy stocks except for Tesla. They all went broke. REGI isn't going to spend money on a project without thorough evaluation, truly a great company to be in right now!
eFinanceMarkets
7 years ago
Renewable Energy +12% on lighter than expected loss, Canaccord upgrade
Renewable Energy (REGI +11.8%) enjoys strong gains after posting a smaller than expected Q1 loss and a 40% Y/Y revenue increase beats by $0.09.
REGI says it anticipates seasonally higher demand in the coming months, and its biorefinery fleet is is running at high utilization levels.
Canaccord upgrades shares to Buy from Hold with a $16 price target, hiked from $11, after three years of shares being relatively range-bound due to the weak oil and commodity macro environment coupled with platform repositioning and repowering efforts.
The firm says it now views the risk/reward as much more compelling, given a combination of a more favorable biodiesel macro because of fair trade focus on imports and a modest fat/oil price complex, an enhanced platform (methyl ester, renewable hydrocarbon and geography) and solid management execution supportive of a more highly valued enterprise.
captainccs
9 years ago
That [a lot of institutional followers but few retail investors] is good for us retail investors... Right?
Not necessarily. It tends to indicate that the investment is a safe one having been vetted by professionals but it has a downside. Share price is driven by the law of supply and demand and the largest demand comes from institutions. If they already have their fill, where is demand to come from?
With low institutional ownership, when they catch on, if they catch on, the price rises sharply on accumulation. With large institutional ownership, if they tire of the stock, the price plummets on distribution.
tradero
10 years ago
Renewable Energy Group completes Dynamic Fuels acquisition
http://www.yourrenewablenews.com/renewable+energy+group+completes+dynamic+fuels+acquisition_102059.html
Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has completed its acquisition of the remaining 50% ownership interest in Dynamic Fuels, LLC, previously owned by Tyson Foods, Inc. (NYSE: TSN).
“Closing these transactions enables our entry into the renewable diesel market in a significant way”
As a result of last Tuesday’s closing of its purchase of substantially all of the assets of Syntroleum Corporation and the closing of this transaction with Tyson, REG now takes full ownership of Dynamic Fuels’ 75-million gallon nameplate capacity renewable diesel biorefinery in Geismar, Louisiana.
Tyson and Syntroleum formed Dynamic Fuels in 2007 as a 50/50 joint venture. Completed in 2010, the facility is the first large-scale renewable diesel biorefinery built in the U.S. and will now be known as REG Geismar, LLC.
“Closing these transactions enables our entry into the renewable diesel market in a significant way,” said Daniel J. Oh, Renewable Energy Group, Inc. President and Chief Executive Officer. “We are excited about the opportunity to offer new products to our customers, while building on our core competencies in research, engineering, production, and distribution of advanced biofuels. We look forward to bringing the Geismar biorefinery online and work to do so has begun.”
REG paid Tyson approximately $16.5 million in cash at closing and retired approximately $13.5 million of Dynamic Fuels’ indebtedness to Tyson. REG has also agreed to make up to $35 million in future payments to Tyson tied to product volumes at the Geismar biorefinery over a period of up to eleven and a half years. REG intends to use proceeds from its recent $143,750,000 convertible senior notes offering to either replace the letter of credit that Tyson Foods obtained to support the biorefinery’s $100 million in Gulf Opportunity Zone Bonds, issued through the Louisiana Public Facilities Authority, or to redeem these bonds.
Lucky Moneysauce
10 years ago
Down 12.5% after hours.
Renewable Energy (REGI) -12.5% AH after saying it expects to report a Q1 earnings loss of $1.5M-$3.5M vs. analyst consensus estimate for a gain of $0.14/share, adjusted EBITDA of $1M-$3M vs. the company's prior guidance of $5M-$15M, and gallons sold at the lower end of earlier guidance of 45M-55M gallons
REGI cites Q1's unseasonably cold winter, which reduced overall demand for diesel and biodiesel blends, and increased REGI's utilities expenses, particularly natural gas prices.
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