Varun Anand
Renewable Energy Group
REGI-Q
BUY
Jul 21, 2021
Got caught in the downdraft. Likes it. Compelling value. Tremendous amount of demand in biofuel. Expanding renewable diesel plant, a higher margin commodity. Long term, 2-3 years, positioned extremely well, if you can put up with the volatility. Compelling valuation. If it gets to $120 again, take profits.
Biofuels, based in vegetable oils for example, will benefit from Biden's green energy plan. REGI is the biggesT producer of bio-diesel and could benefit.
Potential for another bidder? Doesn't think so. It's at a healthy valuation. There are other companies you can play in the bio-fuel and renewable diesel space, such as DAR for a large cap or LCFS as a niche Canadian name.
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