Zoltek (ZOLT) has been one of the best green stock performers in recent months nearly doubling in price and it’s going to pop again tomorrow as the company reported a big surge in profit. The company posted a profit of .28/share on revenues of $47 million vs the analyst estimates for .05 in EPS on revenues of $46 million. That’s a huge improvement over the year ago quarter when the company posted a loss … Read the rest
Tag Archives: zolt
Zoltek (ZOLT) Finally Beats, “Wind Energy Entering New Phase Of Rapid Growth”
In the past, it was nearly a given that Zoltek (ZOLT) would miss analyst estimates while CEO Zsolt Rumy would keep saying “just wait, growth is coming”. Investors have been waiting for a long time for a return to the glory days. Perhaps those days are on the horizon… maybe. If the action in the stock over the past few months is any indication, that may be the case.
No, this wasn’t a … Read the rest
Hedge Funds Increase Green Stocks Short Selling (TSLA, FSLR, SPWRA, AMSC, ZOLT)
Bloomberg reports that short selling in green stocks has been increasing and is nearly four times the short selling in the S&P. In November, 17% of shares in the 35 stocks that make up the Wilderhill New Energy Index are sold short, up from 16% last month and 15% in September. That compares with the 4.4% short ratio of the stocks that make up the S&P.
Among the most heavily shorted stocks are Zoltek (ZOLT) … Read the rest
Zoltek (ZOLT) Plunges AH On Revenue Miss, But CEO Remains Optimistic
Zoltek (ZOLT) has made a habit out of reporting disappointing earnings results and they did it again after the bell today. While the company posted a bit narrower loss than what analysts expected (.01) vs analyst estimate of (.02), they missed significantly on the revenue side, posting $31 million vs the estimate for $43 million. The CEO blamed the poor performance on the shift in production capacity of its biggest customer Vestas Wind, currency fluctuations … Read the rest
Analyst Rating Roundup – CREE, ZOLT, ANDE
A few analyst rating changes to tell you about today.
Bank of America (BAC) is maintaining its Buy rating on Cree Inc (CREE) and increased 2012 EPS estimates to $3.21 per share. Shares of CREE are holding the flat line today despite a healthy down day in the overall market.
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Morgan Joseph began coverage of Andersons (ANDE) with a Buy rating and $48 price target. … Read the rest
Zoltek (ZOLT) Misses Again, But Still Sees Strong 2nd Half
Zoltek Companies (ZOLT) has made it a habit to miss Wall St estimates and they did it again this quarter as the company continues to have trouble turning it around. The stock has been improving significantly technically in the past couple months leading many to believe (including myself), that the company might report decent results this time around. Nada. They reported another healthy loss of .14/share which was significantly worse than the .06/share loss analysts … Read the rest
Zoltek (ZOLT) Announces New Subsidiary Targeting Auto Industry
Zoltek (ZOLT) announced after the bell today that they will form a new subsidiary to speed the development of lightweight carbon fiber applications for the auto industry. No doubt an increasingly important industry as manufacturers look for ways to increase gas mileage to meet federal regulations in the next few years. More than a dozen existing Zoltek engineers will join two highly regarded experts to lead Zoltek Automotive. Dave Stewart, founder of Stewart Auto Research, … Read the rest
Zoltek (ZOLT) Misses Wall St Estimates, Takes A Step Back But Sees Better Results In 2nd Half
It may be awhile before Zoltek (ZOLT) returns to the glory days of 2006/2007 when the company was reporting big sales and profits growth. Revenues continue to slide just as they have over the past two years and that trend isn’t showing any signs of abating. The company missed Wall St estimates of $33 million in revenue by posting $29 million, a 25% decrease from the year ago quarter. EPS was .02 share better than … Read the rest
Zoltek (ZOLT) In Alliance With Global Blade Technology
Zoltek just announced that it has formed an alliance with Global Blade Technology of Utrecht to hasten the development of advanced wind turbine blades that take advantage of Zolteks’s carbon fibers. Global Blade Technology is a company that offers turbine blade manufacturers assistance in the following areas: design, engineering, prototype development, testing and manufacturing. They will actively promote Zoltek’s fibers to their clients.
In a press release, executives from both companies commented on the … Read the rest
Deutsche Bank: CSIQ Fairly Valued; Credit Suisse: TSL Initiated At Overweight; Masquarie Downgrades Of SPWRA, CSIQ; ZOLT to BUY
A few analyst rating changes are out this morning..
Analyst comment below courtesy of StreetInsider.com.
Deutsche Bank is out this morning maintaining its hold rating on Canadian Solar (CSIQ) but is lowering the price target from $17 to $13. The firm says, “Recent inputs from various solar PV companies and less than hoped for improvement in the demand picture for larger systems (due to financing availability) cause us to reassess our outlook for solar … Read the rest