Auriga has reversed its call after last week’s selling, upgrading SunPower (SPWRA) from Sell to Hold. “Shares of SPWRA are now trading below our price target of $15 and are essentially 1.0x book value of $14.26.” The firm expects the company’s presentation following its earnings report tomorrow to be optimistically bullish. While demand for solar continues to improve, the still believe that margins will erode due to increasing competition and maintain the $15 price target. … Read the rest
Category Archives: Water
Energy Recovery (ERII) Beats With A Profit, But Guidance Weak
Energy Recovery (ERII), which is a desalination play, reported results after the bell today that beat analyst estimates. The company reported a non GAAP profit of .01/share on revenues of $12.6 million while analysts expected a .01/share loss on revenues of $11.8 million.
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CEO G.G. Pique commented on the quarter: “Our first quarter results were better than the guidance we provided due to better than expected … Read the rest
Canaccord Adams Presents Its Best Green Stocks Ideas For Earth Day (NLC, RBCN, NCS)
Canaccord Adams provides a few of its best green stock ideas to celebrate Earth Day. Great investments in companies that are leading the green energy revolution. Hat tip to Street Insider for the Canaccord comments.
Their water scarcity pick is Nalco (NLC) and they maintain their Buy rating. “NLC capitalizes on climate change and water scarcity. We find Nalco fundamentally undervalued given powerful long-term secular global growth drivers including climate change and water scarcity. With … Read the rest
ABB (ABB) Awarded $28 Million Order For Algerian Water Project
ABB just announced that it has been awarded a $28 million order for providing power and automation solutions for an Algerian water project in the Saharan city of Tamanrasset. The project will bring 50,000 cubic meters of water to Tamanrasset from an aquifer approximately 750 km away.
ABB will design, engineer, supply and commission the electrical, control and instrumentation systems. The company will also provide a 220 kilovolt substation and important equipment like transformers, switchgear … Read the rest
Piper Initiates Coverage On Tri-Tech Holding (TRIT) With Overweight
Piper Jaffray is initiating coverage on Tri-Tech Holding (TRIT) this morning with an Overweight rating and a price target of $20 which is about 50% higher than where it is now. “Recent project wins and favorable government policies around municipal wastewater treatment provide very good visibility in 2010 and the company’s recent capital raise provides the financial strength to grow the top-line aggressively through 2011.”
Shares of TRIT are up about 5% in premarket trading. … Read the rest
3 Green Stocks Poised To Double: US Geothermal (HTM), BioteQ Environmental (TSX:BQE) & Mystery Wind
By Jeff Siegel of GreenChipStocks.com
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A Sleeping Giant
From time to time, you may find me referring to geothermal energy as the sleeping giant; it is an extremely powerful form of renewable energy that often gets overlooked. Let’s face it, solar and wind are a lot more visible than geothermal wells in the Nevada desert.
But geothermal does have one bragging right — a very important bragging right … Read the rest
Euro Tech Holdings (CLWT) Subsidiary Gets $1.6 Million Wastewater Contract
About a week ago Euro Tech Holdings (CLWT) announced that its Shanghai Euro Tech Environmental subsidiary was awarded a $3.2 million wastewater contract from a petrochemical industrial park. The stock gapped up in the morning, but eventually gave the gains back. This morning CLWT is moving a bit once again on news its PACT Environmental subsidiary (of which it owns 53%) has won a $1.6 million wastewater contract with a US company in the poultry … Read the rest
Eurotech Holdings (CLWT) Awarded $3.2 Million Wastewater Contract
Eurotech Holdings (CLWT) is surging today on news its subsidiary Shanghai Euro Tech Environmental was awarded a $3.2 million wastewater contract from petrochemical industrial park. CLWT will design, install and commission a 5K cubic meter/day water treatment system. The CEO didn’t comment on the deal, but did say the company is beginning to recover from the global financial crisis and sees more contracts in 2010. This particular contract represents 50 – 60% of one quarter … Read the rest
Analyst Has Concerns About Rino Intl (RINO) Management, Accounting
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 Intl (RINO) Reports Strong Results, But Misses Estimates
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