Renewable Energy Group (NASDAQ:REGI) produces biodiesel and distributes it various segments of the fuel supply chain. REGI makes its biofuel by converting low cost feedstocks like inedible animal fat, used cooking oil, and inedible corn oil into usable fuels. This compares to other renewable energy producers which rely on more virgin vegetable oils. In addition, REGI expects that the continued growth in demand for biofuels will push demand forward.
For the full year 2010, the company's total revenues were $216M. For the same period, the company suffered a net loss of $22M. This compares to $109M in revenue and a net loss of $69M in 2009. 
The company's initial public offering of stock on the NASDAQ occurred on January 18, 2012. The company offered 7.2M shares each for $10. This was below the $13-$15 initial price range. The deal raised a total of $72M. The lead mangers of the deal were UBS and Piper Jaffray Companies (PJC).
Renewable Energy Group receives government tax incentives because it is a biodiesel fuel producer. These tax breaks play a role in helping REGI to gain profitability sooner. However, if these incentives are removed due to changes in the tax code or a shifting in the national energy policy, they could have a significant impact on REGI. Further, shifting preferences could also make another renewable energy disproportionately cheap compared to REGI's biodiesel.