Will the Renewable Energy Group (REGI) continue to grow?

It’s definitely been a great time to invest lately Renewable Energy Group, Inc. REGI. The stock price rose 12.4% last month while also remaining above the 20-day SMA. This combination of strong price performance and favorable technical conditions may suggest that the company’s stock may be on the right track.

We certainly think this could be the case, especially given REGI’s recent earnings estimate change. From this perspective, the company’s future looks quite bright; as REGI has earned a Zacks Rank of #1 (Strong Buy), which means its recent winning streak could last a little longer and that it is not a high point for the company receiving attention. You can see complete list of today’s Zacks #1 ranked stocks here.

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