Notable negative changes in Renewable Energy Group Inc (NASDAQ: REGI) fundamentals have recently occurred: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2022 decreased significantly.
Renewable Energy Group Inc (NASDAQ: REGI). Important negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
REGI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Renewable Energy has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Renewable Energy has a poor Appreciation Score of 29 and a poor Power Rating of 25, triggering the Lowest Value Trend Rating.
Recent Price Action
On 6/21/21, Renewable Energy Group Inc (NASDAQ: REGI) stock enjoyed a large increase of 2.0%, closing at $64.29. Trading volume in this advance was normal. The stock has declined -3.8% during the last week and has been weak relative to the market over the last nine months.