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
Excluding one time items, Cypress Semi (CY) reported earnings in line with what analysts had expected at .30/share but beat analyst revenue estimates of 575 million by reporting revenues of 600 million, good for a 35% increase over the year ago quarter. On a negative note, the company sees Q4 revenues and earnings decreasing more than the standard seasonal decline.
“Looking ahead, we are very cautious, like most companies, about the macroeconomic environment and consumer … Read the rest