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.
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The SRC acquisition … Read the rest
Stones River Companies, which Energy Focus (EFOI) recently acquired has received five new lighting contracts totaling $2.5 million. Two contracts are for the upgrade of two universities, involving the retrofit and replacement with energy efficient lighting with the other three contracts for upgrading the lighting at an elementary school, a hospital and several army facilities. The work is expected to be completed by the end of this year.
SmartHeat (HEAT) investors could use some good news. They have been burned in recent months with the stock dropping from a high of $18.60 in January to below $6 last week. The company provided some this morning, beating analyst estimates of .03/share by posting .05/share on revenues of $9.4 million. That’s a 50% revenue bump over the year ago quarter, but the EPS is flat, so even though HEAT beat, the growth stalled out. The … Read the rest
Borg Warner (BWA), which manufacturers auto parts to make cars more efficient, soared over 10% today after reporting strong earnings results as the US auto industry continues its remarkable recovery and the China auto industry remains red hot. The company smashed Wall St EPS estimates of .42/share by posting a non GAAP profit of .65/share, a whopping 642% increase over the year ago quarter. Revenues bounced back big over the year ago quarter too with … Read the rest
Power-One (PWER), which makes power conversion and management products for the renewable energy industry, has really been on a roll after breaking out of a cup with handle base on April 14th. It’s up about 40% in the past two weeks and may tack on another 20% tomorrow after beating Wall St earnings estimates after the bell today. It’s hard to believe this stock was just .33/share a year ago. The company reported its 2nd … Read the rest
Power-One (PWER) is breaking out with conviction today to a new 2 year high after it was announced earlier today that the company has been able to settle its differences with Emerson’s subsidiaries Artesyn Technologies and Astec America and agreeing to dismiss all pending lawsuits while allowing the Emerson companies to license Power-One’s digital power technologies. The technology allows customers to optimize power conversion efficiency, reduce energy costs and enhance energy management.
Technically, this is … Read the rest
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
Energy Focus (EFOI) reported results after the bell today that were so so, but the guidance may give the stock a boost going forward as its recent acquisition of Stones River Companies begins contributing to the bottom line. The company reported a loss of .17/share on revenues of 3.6 million which is about inline with what they have been reporting for the past few years. This is a company that has never been profitable, but … Read the rest
SmartHeat (HEAT) posted huge quarter over quarter growth this morning, but that’s compared to an unusually weak Dec 08 quarter and the company missed analyst estimates of .14/share by posting an adjusted EPS of .10/share. Revenues came in at $26 million. No question, it was a real good quarter from HEAT, but traders were looking for more with the stock down 12% today.
CEO James Wang commented on the industry and economic conditions: “China’s energy … Read the rest
Capstone Turbine (CPST) shares are down about 10% in after hours trading after announcing it intends to offer shares of common stock in an public offering. No word on how many shares the company will offer, but it’s expected to price before the bell tomorrow.
There is strong support in CPST at around 1.10 which happens to be the 200 day moving average. Should it close below 1.10, a move to the buck level becomes … Read the rest