The green stock earnings continue to come in fast and furious and I’m a bit behind .. Zoltek (ZOLT), the maker of carbon components for wind turbines missed analyst estimates badly and swung to a loss in the quarter. Analysts had expected a profit of .07/share in the quarter, but the company posted a .04/share loss which indicates significant deterioration over the year ago quarter when the company posted a .12/profit. Revenues continue to plummet … Read the rest
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Zoltek (ZOLT) Misses Badly, Stock Plunges AH; CEO: "Fundamentals Of Wind Energy Sector Strong"
Zoltek Companies (ZOLT), the maker of carbon components for wind turbines reported an awful quarter after the bell with just .02/share in earnings which badly missed analyst estimates of .13/share. Revenues declined by 4% from the year ago quarter to 38.6 million.
“This year our results were further affected by customer reaction to increasingly serious global economic uncertainties. Customers in the computer and automotive markets, along with one of our wind turbine customers, postponed or … Read the rest
Court Rules In Zoltek’s (ZOLT) Favor In Carbon Fiber Patent Litigation
Zoltek Corporation just announced that the U. S. Court of Federal Claims has ruled in their favor in their carbon fiber patent litigation against Lockheed Martin, and will allow the company to pursue its patent claims against Lockheed Martin in Atlanta’s Federal District Court.
Zsolt Rumy, Zoltek’s Chairman and CEO, had this to say about the case:
… Read the rest“We are pleased that the Court of Federal Claims ruled in our favor and cleared the way for
Zoltek (ZOLT) Releases Statement On Natural Gas Supply Disruption In Europe
Zoltek has released a statement regarding the natural gas supply disruption in Europe and how it is expected to affect their operations. Currently, Zoltek does not anticipate any disruption in its business operations in Hungary. The company guards against supply shortages by maintaining inventories of both precursors and finished goods. Should the shortage continue, Zoltek can utilize precursor from its plant in Mexico.
Here’s what Zoltec’s Chairman and CEO, Zsolt Rumy, has to say about … Read the rest
Zoltek (ZOLT) Reports Earnings: "Fundamentals of Wind Energy Extremely Solid"
Zoltek (ZOLT), provider of carbon materials that go into the manufacturing of wind turbines reported results this morning that beat analyst estimates by .02/share when excluding a one time legal fee charge. The company reported earnings of .22/share (10% below the year ago quarter) on revenues of 51 million, which was good for a 17% increase over the year ago quarter.
CEO Zsolt Rumy stated, “The fundamentals of alternative energy generally — and wind energy … Read the rest
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