It’s been a mighty rough go for any stock related to wind energy and China Ming Yang (MY) is no exception as the stock continues to drift lower and lower. It’s latest earnings report isn’t providing any help. The company, while profitable, missed analyst estimates by a wide margin reporting an EPS of .10/share (vs estimate for .20) on revenue of $217 million (vs estimate of $240 million. The more than two year streak of … Read the rest
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China Ming Yang (MY) Capitalizing On China’s Wind Energy Growth, Smashes Estimates
China Ming Yang Wind Power Group (MY) reported strong Q4 2010 earnings results this morning, smashing estimates in the process. The company reported an EPS of .28/share on revenues of $260 million. That was well ahead of the analysts consensus estimate for .15/share on revenues of $221 million. The quarter was a huge improvement over the year ago quarter with a more than 5 fold jump in revenues. It also marks the 4th straight quarter … Read the rest