AeroVironment (AVAV) isn’t being treated all that well by traders in after hours trading. The company missed by a wide margin on both EPS, reporting .06 lower than analyst estimates at .21/share (a 25% haircut over the year ago quarter) and on revenues, reporting just $52.2 million in the quarter. That was $13 million lower than expectations and just an 8% bump over the year ago quarter. Needless to say the stock is getting punished … Read the rest
Tag Archives: avav
AeroVironment (AVAV) Has 100 Green Job Openings!
Yowza! In an environment where most companies are shedding 10 – 20% of their workforce, Aerovironment (AVAV) which remains one of my favorite green companies is looking to hire 100 employees for its Efficient Energy Systems division which manufacturers EV charging systems and rooftop wind turbines. This is exciting news because its Energy division only makes up 15% of revenues for the the company. It currently gets the bulk of its revenue from unmanned surveillance … Read the rest
Top 10 Green Energy Stocks: AVAV, FSLR, CREE, TWP, ESE…
I know, I know. .another top 10 list. But this one’s a bit different. It’s called a Top 10 list but I’m only including 5 (how’s that for daring and different eh?) of the top green energy stocks based purely on technicals because I can’t find 10 with great technicals! I’ll include another 5 if this market gets going again.
Drum roll please…
Coming it at the top spot is a stock I’ve been highlighting … Read the rest
AeroVironment, Inc (AVAV) Installs PosiCharge™ Fast Charge Systems For Nestle Corporation
AeroVironment announced yesterday that it has installed over 200 PosiCharge™ Fast Charge Systems for Nestle Corporation. The systems, installed at more than 14 Nestle facilities across America and Canada, are used to quickly and efficiently charge electric vehicles.
Mike Bissonette, AV Efficient Energy Systems’ senior vice president and general manager, commented on the news:
… Read the rest“Food and beverage customers have relied on PosiCharge™ fast charge systems to support their cold storage facilities, 24/7 operations, and internal
AeroVironment’s (AVAV) PosiCharge System For Electric Cars Installed At Port Of LA
AeroVironment (AVAV) is announcing today that Balqon Corp (OTC:BLQN) has purchased its PosiCharge fast charge system for its fleet of heavy duty electric trucks used at the Port of Los Angeles for moving ship containers. The PosiCharge fast charge system developed for heavy duty electric yard tractors can charge up to 4 heavy duty Balqon trucks at a time, which allows the port to increase the use of electric vehicles ultimately reducing emissions. The PosiCharge … Read the rest
Aerovironment (AVAV) Smashes Earnings Estimates, Maintains Guidance
Aerovironment (AVAV) which has been one of a few bright spots in the green sector of late, reported outstanding earnings results after the bell today. They beating analyst EPS estimates of .27/share by .14 (71% increase over year ago quarter) on revenues of 65.8 million (22% growth over year ago quarter) which was slightly ahead of estimates. The company is maintaining revenue growth guidance for 2009 of 20 – 25% growth.
While the company is … Read the rest
Alternative Energy Stocks Insider Buying/Selling: CY & ES CEOs Buy Big
Here’s a run down of recent big buying or selling by insiders in alternative energy companies:
BUYING
* Nov 19th & 20th Cypress Semiconductor (CY) CEO bought 1,126,560 for roughly $3.5 million
* Nov 14th, 17th, 18th Energysolutions (ES) CEO Steve Creamer bought 1 million shares for roughly $4 million
SELLING
* Nov 24th Aerovironment (AVAV) Chairman/President Timothy Conver sold 22,268 shares for roughly $400K. He sold a similar amount at the beginning of … Read the rest
Today’s Analyst Upgrades/Downgrades & Notes On Alternative Energy Stocks: FSLR, WFR, ESLR, ASTI, TSL, AVAV
It’s getting late but wanted to run down the upgrades/downgrades of today as well as a few notes..
Lazard Capital Markets analyst Sanjay Shrestha said this week that although macroeconomic factors continue to depress alternative energy stocks, the future looks bright. “We believe Barack Obama’s election is a long-term positive for the alternative energy group,” Shrestha said. “Until the financial markets show signs of stability, the economy will likely continue to overshadow other policy agenda … Read the rest
Aerovironment (AVAV) Breakout – A Diversified Play On Alternative Energy
There are few stocks breaking out to all time highs and even fewer, if any, green stocks trading at all time highs. I have one for you today. The company is Aerovironment (AVAV), often recognized for its rooftoop wind turbine systems with farms in place at Logan Airport in Boston as well as other commercial properties. However, that isn’t their only green initiative. They also develop a solar pump controller to facilitate access to water … Read the rest
AeroVironment (AVAV) CEO Insider Selling Plan
According to StreetInsider.com, AeroVironment (AVAV) has announced that its CEO and chairman, Timothy Conver has established a Rule 10b5-1 stock trading plan to sell a portion of his holdings which is held in the Conver Family Trust. Under the plan, the Trust may sell up to 280K shares over a period of nine months but Conver would still own over 4 million shares of his company, so it’s a not a big percentage of … Read the rest