The stock of Renewable Energy Group (REGI) gained 15.08% in the pre-market to $37.54. REGI stock closed the regular trading session at $32.62, 2.34% less than the previous trading session. The gain came after the news by the company about reporting the earnings for Q4 of FY21.
Renewable Energy Group (REGI) biodiesel manufacturing organization. The company looks up to 12 biorefineries and feedstock offices. REGI has a market capitalization of $1.64 billion with 50.27 million outstanding shares. The company has its headquarter in Ames, Iowa, United States of America (USA).
REGI News
The company on 18 February 2022, notified the prudent collaboration with Bunker Holdings to additionally foster the U.S. also EU marine business sectors for practical biodiesel. This collaboration will permit the organizations to assume an explanatory part in changing the transit business to new and more durable energy sources.
The senior vice president of REGI, Bob Kenyon, stated that at REGI they see a chance for biodiesel to be a durable fuel choice for clients in the perfect energy-changing environment. He further stated that cooperating with Bunker Holding will speed up the marine business adaption of biodiesel. Moreover, Mr. Kenyon concluded that they anticipate fostering their relationship with Bunker Holding and supporting the transit business decarbonization development.
In addition, Renewable Energy Group, on 17 February 2022, declared a well-thought-out investment. The company will introduce a treatment plant in Germany. This plant will refine the least carbon force, hardest to change fats and oils for biodiesel creation. Not only but also, this venture will improve REGI capacity to create renewable fuel from a more extensive assortment of feedstocks. The CEO of REGI, CJ Warner, communicated that this investment qualifies them to exceedingly serve the developing interest for low carbon fuel choices in Europe.
What next
On 22 February 2022, REGI declared the release of its Q4 financial results for the fiscal year 2021. The results will be released before the opening of the market on 1 March 2022.
