Stock Alert: ITC, PEIX, REGI
by Harris Roen Editor
Roen Financial Report
Tuesday, December 1, 2015
Today’s Alert:
ITC Holding Corps (ITC)
Pacific Ethanol Inc (PEIX)
Renewable Energy Group Inc (REGI)
Rumors of a company sale boost an electric transmission stock, and encouraging EPA decision helps two biodiesel companies.
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| Paradigm Portfolio stock ITC Holdings Corp jumps 9% on historic volume after news leaks of potential company sale. Target purchase price could be as much as $45/share, 22% above its current stock price. We consider the stock to be Undervalued. | Bloomberg Business |
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| An EPA decision to increase biomass-based diesel volume targets causes Pacific Ethanol trades up 21% on the largest volume since May. A recent insider buy and a bottoming chart pattern could mean more upside from here. This speculative stock is still down 58% for the year. | Wall Street Point |
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| Biodiesel company Renewable Energy Group gains 7% on an EPA decision to increase biomass-based diesel volume targets. This final EPA rule projects biodiesel production to grow 16% in two years. A pure-play Paradigm Portfolio stock, REGI is trading flat for the year but has almost doubled from its lows of 2012. | Business Wire |
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