A few analyst rating changes for today..
Hat tip to Street Insider for the analyst commentary.
Canaccord Genuity maintains Buy rating on Casella Waste Systems (CWST) and has a price target of $6 which is more than 50% higher than current levels. “We maintain our BUY on CWST with higher confidence that the company can improve recycling volumes within its recycling segment this fiscal year.” Shares of CWST aren’t moving on the positive comments, down … Read the rest
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
I’m back from vacationing in Troncones, Mexico and looking forward to bringing you the latest in alternative and renewable energy stocks in the coming year! Thanks for all the comments from visitors in the 6 months since this site was launched. . my goal is to continue to push forward and make GreenStocksCentral.com the #1 source for breaking news and tracking of green stocks with an increasing number of analysis coming in 2009.
With that … Read the rest
Castella Waste Systems, Inc reported 2nd quarter financial results today. Revenues increased by $7 million compared to the 2nd quarter of last year, rising 4.7 percent to come in at $157.5 million. Net income was down slightly compared to the 2nd quarter results last year, with earnings of $2.1 million or .08/share versus last year’s second quarter results of $2.8 million or .11/share.
John W. Casella, Chairman and CEO, issued the following comments on … Read the rest
Casella Waste Systems (CWST) announced that operations are ahead of schedule at its Clinton County gas to energy plant, which is expected to produce 4.8MW of energy from landfill methane gas for the next 30 years. That would be enough to power over 5000 homes each and every year. In total, the company and its partners are producing about 25MW/hour of clean energy at five landfills
“With our resource transformation business strategy, we are … Read the rest
Casella Waste (CWST) announced after the bell today it will periodically sell up to 250 million in Class A shares, preferred stock, warrants and debt securities in order to repay debts and for general corporate use. The news should be enough to send the stock further into the abyss tomorrow with a possible challenge of the 2002 lows on the horizon.
The stock is down less than 1% after hours.… Read the rest
There’s a good article from Businessweek, highlighting Casella Waste (CWST) and the recycling boom that’s fueled by environmental concerns and the commodity boom. A bale of aluminum is currently fetching $900/bale so an increasing number of companies are looking to cash in.
“The possibilities have venture capitalists and buyout firms scrambling to invest in a melange of quirky startups that might have provoked belly laughs from these same financiers five years ago. The broad category … Read the rest