Tag Archives: zoltek

Zoltek (ZOLT) Reports Big Profit Surge, Shares On The Up & Up

Zoltek (ZOLT) has been one of the best green stock performers in recent months nearly doubling in price and it’s going to pop again tomorrow as the company reported a big surge in profit.  The company posted a profit of .28/share on revenues of $47 million vs the analyst estimates for .05 in EPS on revenues of $46 million.  That’s a huge improvement over the year ago quarter when the company posted a loss … Read the rest

Zoltek (ZOLT) Finally Beats, “Wind Energy Entering New Phase Of Rapid Growth”

In the past, it was nearly a given that Zoltek (ZOLT) would miss analyst estimates while CEO Zsolt Rumy would keep saying “just wait, growth is coming”.  Investors have been waiting for a long time for a return to the glory days.  Perhaps those days are on the horizon… maybe.  If the action in the stock over the past few months is any indication, that may be the case.

No, this wasn’t a … Read the rest

Zoltek (ZOLT) Plunges AH On Revenue Miss, But CEO Remains Optimistic

Zoltek (ZOLT) has made a habit out of reporting disappointing earnings results and they did it again after the bell today.  While the company posted a bit narrower loss than what analysts expected (.01) vs analyst estimate of (.02), they missed significantly on the revenue side, posting $31 million vs the estimate for $43 million.  The CEO blamed the poor performance on the shift in production capacity of its biggest customer Vestas Wind, currency fluctuations … Read the rest

Analyst Rating Roundup – CREE, ZOLT, ANDE

A few analyst rating changes to tell you about today.

Bank of America (BAC) is maintaining its Buy rating on Cree Inc (CREE) and increased 2012 EPS estimates to $3.21 per share.  Shares of CREE are holding the flat line today despite a healthy down day in the overall market.

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Morgan Joseph began coverage of Andersons (ANDE) with a Buy rating and $48 price target.  … Read the rest

Zoltek (ZOLT) Misses Again, But Still Sees Strong 2nd Half

Zoltek Companies (ZOLT) has made it a habit to miss Wall St estimates and they did it again this quarter as the company continues to have trouble turning it around.  The stock has been improving significantly technically in the past couple months leading many to believe (including myself), that the company might report decent results this time around.  Nada.  They reported another healthy loss of .14/share which was significantly worse than the .06/share loss analysts … Read the rest

Zoltek (ZOLT) Announces New Subsidiary Targeting Auto Industry

Zoltek (ZOLT) announced after the bell today that they will form a new subsidiary to speed the development of lightweight carbon fiber applications for the auto industry.  No doubt an increasingly important industry as manufacturers look for ways to increase gas mileage to meet federal regulations in the next few years.  More than a dozen existing Zoltek engineers will join two highly regarded experts to lead Zoltek Automotive.  Dave Stewart, founder of Stewart Auto Research, … Read the rest

Zoltek (ZOLT) Misses Wall St Estimates, Takes A Step Back But Sees Better Results In 2nd Half

It may be awhile before Zoltek (ZOLT) returns to the glory days of 2006/2007 when the company was reporting big sales and profits growth.  Revenues continue to slide just as they have over the past two years and that trend isn’t showing any signs of abating.  The company missed Wall St estimates of $33 million in revenue by posting $29 million, a 25% decrease from the year ago quarter.  EPS was .02 share better than … Read the rest

Deutsche Bank: CSIQ Fairly Valued; Credit Suisse: TSL Initiated At Overweight; Masquarie Downgrades Of SPWRA, CSIQ; ZOLT to BUY

A few analyst rating changes are out this morning..

Analyst comment below courtesy of StreetInsider.com.

Deutsche Bank is out this morning maintaining its hold rating on Canadian Solar (CSIQ) but is lowering the price target from $17 to $13.  The firm says, “Recent inputs from various solar PV companies and less than hoped for improvement in the demand picture for larger systems (due to financing availability) cause us to reassess our outlook for solar … Read the rest

Zoltek (ZOLT) Misses Badly, Shares Plunge Nearly 20%

The green stock earnings continue to come in fast and furious and I’m a bit behind .. Zoltek (ZOLT), the maker of carbon components for wind turbines missed analyst estimates badly and swung to a loss in the quarter.  Analysts had expected a profit of .07/share in the quarter, but the company posted a .04/share loss which indicates significant deterioration over the year ago quarter when the company posted a .12/profit.  Revenues continue to plummet … Read the rest

Zoltek (ZOLT) Misses Badly, Stock Plunges AH; CEO: "Fundamentals Of Wind Energy Sector Strong"

Zoltek Companies (ZOLT), the maker of carbon components for wind turbines reported an awful quarter after the bell with just .02/share in earnings which badly missed analyst estimates of .13/share.  Revenues declined by 4% from the year ago quarter to 38.6 million. 

“This year our results were further affected by customer reaction to increasingly serious global economic uncertainties. Customers in the computer and automotive markets, along with one of our wind turbine customers, postponed or … Read the rest