Tri-Tech Holdings (TRIT) continues to move up off 52 week lows after announcing yesterday that it has won a $20 million contract for the expansion phase of the Ordos City water treatment plant which is a follow up to the initial contract awarded to TRIT last year. Tri-Tech is working on the project through a joint venture with Beijing Anguo and is responsible for design, procurement, installation, training and maintenance. The plant is behind … Read the rest
Category Archives: Water
Tri-Tech Holding (TRIT) Smashes Estimates, Sees Big Growth In China Water Treatment Over Next Five Years
Tri-Tech Holding (TRIT) smashed analyst estimates after the bell tonight reporting an EPS of .21/share (vs the estimate for just .13/share) on revenues of $17.5 million (vs the estimate for $9.3 million). That represents quarter over quarter EPS and revenue growth of 40% and 314% respectively. A real nice quarter out of TRIT tonight despite lower margins due to a decline in higher margin software sales and the lower margin Ordos project.
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Confirmed: Fraud At Rino International (RINO)
While trading in shares of Rino International (RINO) remains halted during an accounting investigation, some facts are beginning to trickle out confirming that there is indeed fraudulent activity going on at Rino International (RINO).
The independent auditors have said that CEO Zou Dejun told them two of the six contracts in question by Muddy Waters are invalid, but that the others are legitimate and can be verified. The firm says that the financial impact can … Read the rest
Duoyuan Global Water (DGW) Beats, But Accounting Concerns Remain
Duoyuan Global Water (DGW) could use some good news. The stock was hammered in September on accounting concerns and has had trouble recovering. This morning there is a bright spot as the company reported earnings that were ahead of analyst estimates both on the EPS and revenue side. The company reported an EPS of .55/share vs the analyst estimate for .48 on revenues of $51.5 million vs the analyst estimate for $49 million. Those numbers … Read the rest
Tri-Tech Holdings (TRIT) Posts Big Growth, But Shy Of EPS Estimate & Weak Guidance
Tri-Tech Holdings (TRIT), a China water pollution play, posted big quarter over quarter growth this morning, but the EPS was a hair shy of the analyst estimate and revenue guidance for 2010 was below expectations as well. The company reported an EPS of .28/share (vs the estimate for .29/share) on revenues of $16.9 million (vs the estimate of $13.6 million). That’s good for a 40% quarter over quarter jump in EPS and a 245% jump … Read the rest
Rino Intl (RINO) Continues Plunge After Muddy Waters Research Calls Company A Scam
Rino Intl (RINO) began to really fall off a cliff late in the day yesterday and gapped down this morning to a new 52 week low on heavy volume. The sell off comes as a result of a scathing 30 page research report from a small firm called Muddy Waters Research. Usually, research from small firms go relatively unnoticed, but in this case the firm calls Rino Intl (RINO) a scam, spooking investors and sending … Read the rest
Auriga Visits Duoyuan Global Water (DGW) & Comes Away With Concerns
Auriga issued a research note this morning on Duoyuan Global Water (DGW) which was hammered recently after accounting irregularities were discovered at Duoyuan Printing (DYP). What’s the connection? The Chairmen of DYP happens to be the CEO of DGW, so the thought was that there are accounting concerns at DGW as well. Auriga had a chance to visit with DGW management recently and tour the manufacturing facilities. They walked away with several concerns unrelated to … Read the rest
Tri-Tech Holdings (TRIT) Wins $32 Million Water Treatment Plant Contract
Tri-Tech Holdings (TRIT) continues its breakout move this morning and it has a catalyst. The company has won a $30 million contract for a drinking water treatment plant in Inner Mongolia. Expect many more of these kinds of contracts in China in the coming years. TRIT is one of the best ways to play the clean drinking water issues in China. This particular plant is expected to be one of China’s largest drinking water treatment … Read the rest
Analyst Ratings Review: TSL, STP, LDK, YGE, DGW, SQM
There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.
Upgrades/Bullish
Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry. The stock moved a bit yesterday on the bullish calls, but really took off today, up another … Read the rest
Molycorp (MCP) Launches Rare Earth Based Water Purification Technology
Molycorp (MCP) is known as the emerging US based rare earth metals miner and the stock has soared in anticipation of successful mining of these important metals in the coming years. However, the company has some other revenue streams in the works. The company on Friday announced that its rare earth metals based water purification technology was available for commercial use.
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Mark Smith, Chief Executive … Read the rest