Several analyst rating changes today. Analyst notes courtesy of Street Insider.
Upgrades
Ardour Capital upgraded Darling (DAR) from Hold to Accumulate and raised price target to $9.50. Shares up nearly 4% today but still trading below the 200 day moving average. Get a FREE Darling Intl Technical Analysis
Ardour Capital also upgraded Akeena Solar (AKNS) from Hold to Buy and has a $1.25 price target (about 50% higher than the current price) AKNS is … Read the rest
Clean Harbors just announced that it has been selected to take part in the Deepwater Horizon spill clean up attempts. Both the government and private organizations have contracted with Clean Harbors for wide range of environmental services related to the spill, including containing, removing and disposing of the oil, as well as providing specialized equipment and containment boom. The company is also recruiting and training local people to assist with cleanup, teaching them how to … Read the rest
Tetra Tech (TTEK) has received a $50 million, 3 year (with additional 2 yr) contract to provide remediation services for the US Army Corps of Engineers to help prevent the spread of environmental contamination from pollutants and hazardous materials.
TTEK is a billion/year in revenues company, so the stock is moving much on the news, but is up about 2% today.
===> Click Here For Your FREE Tetra Tech Analysis… Read the rest
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.
Fuel Tech just announced that it has received $2 million worth of orders for its air pollution control devices. One of the largest orders was from Spain, for two aqueous ammonia-based Selective Catalytic Reduction (SCR) systems for nitrogen oxide (NOx) reduction at municipal solid waste (MSW) incinerators. This order should be completed in the current quarter.
Another major order came from the US , for Computational Fluid Dynamics modeling for a biomass facility and other … Read the rest
Shares of Trex Co. (TREX) are surging nearly 12% today back to its yearly high after reporting a smaller loss than what analysts were expecting. The company reported a loss of .31/share on revenues of $66.3 while analysts expected a .39/share loss on revenues of $71 million. So a mixed report, but traders like the guidance.
The company sees sales for Q2 at $110 million vs the estimate of $99 million. That would be about … Read the rest
Converted Organics (COIN) is popping with good volume this morning after announcing that 1st quarter 2010 revenues have increased 65% over the year ago quarter. The company will announce official results in about a month. They also announced that their independent public accountant has removed the “going concern” statement.
COIN Prez Ed Gildea commented: “We are pleased with the significant progress our Company has demonstrated with our first quarter earnings and we are happy to … Read the rest
According to Street Insider, analyst Adele Mao at OLP Global said the RINO International (RINO) Q4 earnings call presented a few conflicting points that don’t make sense. Here are the comments:
“We came away with more questions than answers: 1) how much BOT contract from Shougang Jingtang was included in the reported backlog of $89.4 million, and how should revenue be recognized? 2) Why was SG&A expense unusually low at $2.8 million in 4Q09 … Read the rest
Rino International (RINO), one of the top China water and remediation plays, reported earnings after the bell today. Growth was excellent, but it didn’t quite meet Wall St estimates. The company reported an adjusted EPS of .53/share which was a big jump from the year ago quarter (.28/share), but missed by a penny and was significantly less than last quarter’s record quarter of .68/share. Revenues came in at $53 million which was a 32% … Read the rest
===> Click Here For Your FREE Converted ORganics Analysis
Converted Organics is launching a new industrial wastewater (IWW) market division to treat contaminated water before it is released back into the environment. To support these efforts, the company just announced that it has licensed Heartland Technology Partners’ LM-HT(TM) Concentrator technology, which uses waste heat and renewable energy to reduce CO2 emissions.
They have also retained Heartland Technology Partners’ former Co-owner and Vice President, Rick McEwen, … Read the rest