FF - The Big Reason For Renewable Energy Group's Recent Rally
The share price of U.S. biomass-based diesel producer Renewable Energy Group (REGI) has increased by almost 50% over the last three weeks (see figure). This rally has provided some much-needed relief to the company's investors following a difficult summer. Renewable Energy Group's share price had fallen by more than 50% over the previous three months, at one point even briefly moving below $10, following a substantial Q1 earnings miss and management's guidance for a "challenging" Q2 margin outlook.
Data by YCharts
Renewable Energy Group has faced twin hurdles in 2019 in