American Superconductor (AMSC) reported results this morning that didn’t meet analyst expectations. While revenues doubled over the year ago quarter, gross margins increased and the company continues to narrow its losses, the company reported a loss of .15/share, missing estimates by .09 on revenues of 39.8 million (missed by one million). However, it should be noted that the losses this quarter included a one time non cash chart of .06 share, so excluding that … Read the rest
Tag Archives: Wind Energy
Trinity (TRN) Smashes EPS Estimates, Up After Hours
Trinity Industries (TRN) who has a wind tower business that generates about 10% of revenues reported strong results after the bell today, posting earnings of 1.06/share which smashed estimates of .83/share. Revenues came in below estimates at 945.5 million (about 20 million below) but shares are up after hours anyway on that EPS number.
Last Sunday, Barrons said TRN could hit $48/share on demand for wind generated electricity.
Trinity’s wind-energy backlog ballooned … Read the rest
Kaydon (KDN) Beats Street But Outlook Cautious
Kaydon (KDN), the ball bearings maker (play on wind energy) posted better than expected quarterly profits on strong sales helped by growth in the wind market but its full year outlook was cautious sending the shares down more than 12% and slicing through its 200 day moving average.
The company a profit of .64/share, besting analyst estimates by a penny but growth in the wind segment was tempered by deterioration in the legacy industrial businesses. … Read the rest
U.S. Worldwide Leader In Wind Generated Energy
United States has become the world’s largest generator of wind energy.
“Our wind energy capacity is growing faster than anyplace else,”
said Randall Swisher, the executive director of the American Wind Energy Association, the national trade organization for the wind energy industry. “So it’s no longer really alternative energy. This is very mainstream.”
During the first half of 2008, the United States generated more wind energy electricity than Germany for the first time, despite … Read the rest
AeroVironment (AVAV) Downgraded to Hold
AeroVironment (AVAV) was downgraded to Hold this morning by BB&T and the stock is selling off a bit on the news but holding at key short term support around 30 (the 20 day moving average). … Read the rest
Cramer Says Thursday Will Be A Landmark Day For Wind Power
In his mad money TV show Tuesday, Cramer says “I think Thursday will be a landmark day for wind power”. Why Thursday, because coming Thursday Texas Public Utility Commission makes an important ruling that will significantly boost wind power in the state. Also at 4 cents per kilowatt, Cramer says wind energy is the cheapest form of renewable energy.
… Read the restThis proposal/ruling will create 8 renewable energy zones in the state, which will provide much
Zoltek (ZOLT) Delisting Threat & Investigation In the Rear View
Zoltek (ZOLT) is once again in compliance with Nasdaq listing requirements after filing a delayed 2nd quarter report and amended reports from previous quarters. The delay was due to an internal investigation related to unauthorized or unreported payments to companies which resulted in the resignation of CFO Kevin Schott. … Read the rest