Why Renewable Energy (REGI) Stock Is Down Today

NEW YORK (TheStreet) -- Renewable Energy (REGI) was falling 7.8% to $11.60 after lowering its expectations for the first quarter.

Renewable Energy announced is now expects a loss of between $1.5 million to $3.5 million for the quarter, while the Capital IQ Consensus Estimate calls for a gain of 14 cents a share. The company now expects an adjusted EBITDA of between $1 million to $3 million, while its previous guidance expected $5 million to $15 million.

The company cited the harsh, unseasonably cold winter, which reduced demand for diesel and biodiesel blends, and increased utility expenses as causes for the lower forecasts.

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TheStreet Ratings team rates RENEWABLE ENERGY GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate RENEWABLE ENERGY GROUP INC (REGI) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."

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