Renewable Energy Group Stock News

Renewable Energy (REGI) is rising higher on Monday following news that Chevron (CVX) is going to acquire the company for $61.50 per share.

(Bloomberg) -- Chevron Corp.’s $3.1 billion purchase of Renewable Energy Group Inc. is a statement of the oil giant’s intent to accelerate its energy transition strategy, according to Chief Executive Officer Mike Wirth.

Gainers Mullen Automotive, Inc. (NASDAQ: MULN ) jumped 74.4% to $1.20 after the company reported progress on solid-state polymer battery pack development. Renewable Energy Group, Inc. (NASDAQ: REGI ) shares jumped 38.7% to $60.75 after Chevron Corp (NYSE: CVX ) announced an agreement to acquire the company. IntriCon Corporation (NASDAQ: IIN ) gained 37.3% to $23.91 after the company agreed to be acquired by an affiliate of Altaris Capital Partners for $241 million. IntriCon also posted Q4 EPS of $0.23. NeuroSense Therapeutics Ltd. (NASDAQ: NRSN ) climbed 30.5% to $2.01 after gaining around 8% on Friday. First Horizon Corporation (NYSE: FHN ) shares climbed 30.4% to $23.80 after TD announced acquisition of the company for $25 per share in cash. Imperial Petroleum Inc. (NASDAQ: IMPP ) shares rose 26% to $2.6450 after jumping around 34% on Friday. Everbridge, Inc. (NASDAQ: EVBG ) gained 23% to $37.67. Lifeway Foods, Inc. (NASDAQ: LWAY ) surged 20% to $6.60. Azure Power Global Limited (NYSE: AZRE ) gained 19.9% to $18.76.

U.S. stocks pared some of its losses with the Nasdaq turning positive midway through trading on Monday, amid the ongoing Russia-Ukraine conflict, which has led to increased US sanctions on Russia. The Dow traded down 0.41% to 33,920.57 while the NASDAQ rose 0.73% to 13,794.09. The S&P also fell, dropping, 0.02% to 4,383.71. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Energy shares climbed by 2% on Friday. Meanwhile, top gainers in the sector included Renewable Energy Group, Inc. (NASDAQ: REGI ), up 39% and Nordic American Tankers Limited (NYSE: NAT ) up 23%. In trading on Friday, consumer staples shares fell by 1.2%. Top Headline Dentsply Sirona Inc (NASDAQ: XRAY ) reported weaker-than-expected earnings for its fourth quarter. Dentsply Sirona’s Q4 FY21 sales increased 0.6% Y/Y to $1.09 billion, missing the consensus of $1.13 billion. Adjusted EPS decreased to $0.76 from $0.87 a year ago and below the consensus of $0.79. The company said it expects adjusted EPS of $3.05 - $3.25, up 6% -13% Y/Y, compared to the consensus of $3.19.

Gainers: Mullen Automotive MULN +126%.Renewable Energy Group REGI +40%.IntriCon IIN +37%.First Horizon FHN +29%.Nordic American Tankers NAT +27%.NeuroSense…

The deal to acquire Renewable Energy Group comes as the oil-and-gas giant seeks to invest more in lower-carbon energy sources.

Renewable Energy (NASDAQ:REGI) is scheduled to announce Q4 results on Tuesday, Mar. 1, before market open.Consensus EPS estimate is $0.79 and consensus revenue estimate is $803.51M

The acquisition brings a big new player into the industry and will grow Chevron's renewable fuels business.

Shares of Renewable Energy Group Inc (NASDAQ: REGI) are up 35% on Monday after Chevron Corp (NYSE: CVX) said it will buy the biodiesel production company for $3.15 billion in cash to speed up its tran

U.S. stocks opened on a downbeat note this morning, amid the ongoing Russia-Ukraine conflict, which has led to increased US sanctions on Russia. Following the market opening Monday, the Dow traded down 1.38% to 33,587.55 while the NASDAQ fell 0.61% to 13,611.57. The S&P also fell, dropping, 1.12% to 4,335.65. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Energy shares climbed by 0.8% on Friday. Meanwhile, top gainers in the sector included Renewable Energy Group, Inc. (NASDAQ: REGI ), up 38% and Nordic American Tankers Limited (NYSE: NAT ) up 21%. In trading on Friday, financials shares fell by 2.1%. Top Headline Dentsply Sirona Inc (NASDAQ: XRAY ) reported weaker-than-expected earnings for its fourth quarter. Dentsply Sirona’s Q4 FY21 sales increased 0.6% Y/Y to $1.09 billion, missing the consensus of $1.13 billion. Adjusted EPS decreased to $0.76 from $0.87 a year ago and below the consensus of $0.79. The company said it expects adjusted EPS of $3.05 - $3.25, up 6% -13% Y/Y, compared to the consensus of $3.19.

Renewable Energy Group Inc (NASDAQ: REGI ) is trading significantly higher Monday after Chevron Corp (NYSE: CVX ) announced an agreement to acquire the company. Under terms of the deal, Chevron is set to acquire the outstanding shares of Renewable Energy Group in an all-cash transaction valued at $3.15 billion, or $61.50 per share. "REG was a founder of the renewable … Full story available on Benzinga.com

Chevron Corp. agreed to buy green diesel producer Renewable Energy Group Inc. for $3.1 billion in the biggest low-carbon deal of Chief Executive Officer Mike Wirth’s four-year tenure.

Stocks are wavering, to mostly down, in the U.S. as investors grapple with rising uncertainty in global stability and interest rates

Wall Street cheered news that Chevron Corp. is inking a deal to buy Renewable Energy Group Inc., saying that the energy giant would get a commanding lead in biofuels, a crucial piece for the transitio

Harsh economic measures on Russia aren't dampening the M&A market's recent burst of activity.