Rino Intl (RINO) was a high flyer last year as revenues and earnings soared, but the stock began to sell off in January and continued to slide even as growth remained very impressive. Now we know why. As I’ve mentioned before, technicals always lead fundamentals. That is, the stock will sell off long before the fundamentals turn sour. Conversely, a stock will run well before the growth begins to appear.
All posts by Tate Dwinnell
American Superconductor Corporation (AMSC) Celebrates $445 Million Sinovel Order
American Superconductor Corporation has just announced the signing of a multi-year agreement with Sinovel worth $445 million. Per the new 30-month contract, AMSC will begin shipping core turbine electrical components early next year, when the company’s current contract with Sinovel expires.
===> Click Here For Your FREE American Superconductor Corporation Analysis
In a press release, Greg Yurek, founder and chief executive officer of AMSC, commented on the order:
We are proud to extend our strategic … Read the rest
PowerSecure (POWR) Unveils New LED Product For Utility Market
PowerSecure just announced that it is releasing a new product: an LED light for the utility market. Made to light up streets and sidewalks, the light boasts the following benefits: 2/3 less energy consumption, 5 times longer life (which reduces maintenance costs), and improved quality of light with minimal light pollution.
The company has already received its first order for the product from a large electric cooperative. The cooperative has ordered 200 of the lights… Read the rest
Nexxus Lighting (NEXS) LED Biz Growing, But Misses Estimates, Shares Plunge
Nexxus Lighting (NEXS) is an LED play to watch, but today it’s getting pummeled after missing Wall St estimates. The estimates called for a loss .10/share, but the company reported an adjusted loss of .12/share (still much better than the .21/share loss they reported last year). They were a bit shy on the revenue side as well posting $3.16 million vs the estimate of $3.25 million. It seems to be a bit of an … Read the rest
China’s Jinko Solar (JKS) IPO Begins Trading
Three months ago, Jinko Solar (JKS) withdrew plans for an IPO due to poor market conditions. The IPO market has certainly improved, but I don’t see any improvement in market conditions. That didn’t stop the company from going ahead and opening for trading today on the NYSE with shares pricing at $11 which was at the low end of the expected range. Shares aren’t doing much today, down just a bit at $10.90. Perhaps they … Read the rest
Orion Energy (OESX) Swings To Profit, But Misses Street & Guides Lower
Orion Energy Systems (OESX) swung to a quarterly profit vs the .05/share loss they reported in the year ago quarter, but missed the Street estimates on both EPS and revenues. They reported a non GAAP EPS of .01, missing by a penny on revenues of $18.88 which was shy of estimates by about $1.5 million.
===> Click Here For Your FREE Orion Energy Systems Analysis
The guidance isn’t impressive either. The company expects EPS for … Read the rest
Energy Focus (EFOI) Beats, Surging AH
Energy Focus (EFOI) reported after the bell today and posted a narrower loss of .17/share (3 cents better than expectations). Revenues surged over the year ago quarter to $8.5 million but $5.3 million of that was due to their acquisition of Stones River Companies, so take out the SRC results and you really have a company that really isn’t making any progress.
===> Click Here For Your FREE Energy Focus Analysis
The SRC acquisition … Read the rest
Tri-Tech Holding (TRIT) Matches EPS, Misses On Revs, Shares Plunge Again
Tri-Tech Holding (TRIT) has really struggled since their last earnings report when the stock gapped up with heavy volume after beating estimates. It’s been all down hill from there, much of that the result of a secondary offering. Missing revenue estimates this morning isn’t helping. The stock was off another 20% around the lows today, but is holding what appears to be decent support around the $10 level.
American Superconductor (AMSC) Beats, Guides In Line, Shares Surge
American Superconductor (AMSC) reported strong growth again last quarter and beat analyst estimates in the process, by reporting a non GAAP EPS of .18/share which was .02 better than estimates. Revenues were a bit higher than estimates as well at $87.6 million.
===> Click Here For Your FREE American Superconductor Analysis
CEO Greg Yurek commented on the year ahead:
“Entering fiscal 2010, we have approximately 90 percent of our forecasted revenues in backlog, which gives … Read the rest
EnerDel (HEV) And ITOCHU Demonstrate Automotive-to-Smart Grid Integration Project
EnerDel is working with ITOCHU and other companies on an automotive-to-smart-grid integration project, components of which were demonstrated for the public at a ceremony yesterday. The project combines electric vehicles (in this case, a Mazda2 modified to use EnerDel batteries and drivetrain components from the Think electric car), stationary grid storage, solar power and rapid re-charging infrastructure in a real-world environment. For example, the charging station, located at a Family Mart convenience store Japan , … Read the rest