REGI Stock: From $52.55 To $57.21 (8.87% Increase) Pre-Market Explanation

By Amit Chowdhry ● May 4, 2021
  • The stock price of Renewable Energy Group Inc (NASDAQ: REGI) increased from $52.55 to $57.21 (up 8.87%) pre-market. This is why it happened.

The stock price of Renewable Energy Group Inc (NASDAQ: REGI) increased from $52.55 to $57.21 (up 8.87%) pre-market. Investors are responding positively to the company’s first-quarter results.

For the quarter, the company reported revenues of $540 million, net income of $39 million, adjusted EBITDA of $56 million, and 134 million gallons sold. 

The quarterly earnings were $0.88 per share, which was well above expectations. Consensus estimates compiled by Zacks were at $0.16 per share.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.