Here’s Why Renewable Energy Group Is Plunging Today

Here’s Why Renewable Energy Group Is Plunging Today

Shares of Renewable Energy Group ( NASDAQ:REGI ) fell as much as 24.7% today as global markets reacted to the crude-oil price war between Saudi Arabia and Russia.. Since biomass-based diesel selling prices are largely determined by petroleum-based diesel prices, investors are preparing for a difficult, low-margin future for Renewable Energy Group.. Renewable Energy Group was riding a wave of enthusiasm following the retroactive reinstatement and extension of federal subsidies for biomass-based diesel.. Considering Renewable Energy Group was far from profitable without tax credits in 2019, investors aren't taking any chances by assuming tax credits will be enough to overcome pricing challenges in 2020.. 's Why Renewable Energy Group Is Plunging Today @themotleyfool #stocks $REGI.