Did The Underlying Business Drive Renewable Energy Group s (NASDAQ:REGI) Lovely 599% Share Price Gain?
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Renewable Energy Group, Inc. (NASDAQ:REGI) shareholders are probably generally happy, the stock hasn t had particularly good run recently, with the share price falling 23% in the last quarter. But that does not change the realty that the stock s performance has been terrific, over five years. In that time, the share price has soared some 599% higher! So it might be that some shareholders are taking profits after good performance. Only time will tell if there is still too much optimism currently reflected in the share price.
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We Wouldn t Rely On Renewable Energy Group s (NASDAQ:REGI) Statutory Earnings As A Guide
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December 14, 2020 Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However, sometimes companies receive a one-off boost (or reduction) to their profit, and it s not always clear whether statutory profits are a good guide, going forward. This article will consider whether
Renewable Energy Group s (NASDAQ:REGI) statutory profits are a good guide to its underlying earnings. While Renewable Energy Group was able to generate revenue of US$2.61b in the last twelve months, we think its profit result of US$596.3m was more important. The good news is that the company managed to grow its revenue over the last three years, and also move from loss-making to profitable.