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Ocean Power Technologies, Inc. (OPTT), ExlService Holdings, Inc. (EXLS), and Sonic Solutions (SNIC) are three featured stocks as the marketed ended the week higher.
Featured Story Stocks
Ocean Power Technologies, Inc. [[OPTT]] – Shares of the alternative energy company moved higher after it won a $66.5 million award from the Australian Federal Government. The award is one of four renewable energy projects ...
It’s official. I’ve been highlighting the possibility of a head and shoulders top confirmation on the Dow and S&P for several weeks and now we have confirmation of those formations as both broke through the neck lines this week. While we’re oversold and could see a minor bounce, the momentum and trend is clearly down [...]
We tend to try and avoid these stocks, but today’s hot stock comes from the hot Alternative Energy Stocks sector where most of the stocks are highfliers.[More...]
high?fli?er:
3. a stock, often speculative, whose price moves up or down widely.
We tend to try and avoid these stocks, but today’s hot stock comes from the hot Alternative Energy Stocks sector where most of the stocks are highfliers.
Ocean Power Technologies, Inc (OPTT) is a leading renewable energy company specializing in cost-effective, advanced, and environmentally sound [...]
Mr. Gaskins keeps the bar firmly high for 2007 IPOs. With market conditions seemingly better the companies coming to market just keep rolling on. But will investors find great opportunity with these offering? Gaskins presents his analysis if recent offerings and those just around the bend.
Companies listen in this report are as follows; noting their grade and IPO Hardball rank.
CardioMEMS (SENS) a wireless sensors for cardiovascular systems company: C+, 8
Cinemark Holdings (CNK) who operates 392 movie theaters: C+, 7
EDENOR (END) a large electricity distribution company in Argentina: C+, 7
EndoCeutics (ENCX) who develops hormones for cancer & endocrine disorders: C, 5
OceanFreight (OCNF) a startup shipper seeking to acquire ships: C+, 6
Ocean Power Tech (OPTT) an energy company developing technology to pull electricity from ocean waves: C, 6
Orexigen (OREX) who is developing central nervous system disorder treatments: C, 7 Pharmasset (VRUS) creating hepatitis, HIV oral therapeutic treatments: C, 6
Vaughan Foods (FOOD) a regional food processor and packager: C, 5
Also covering in this cast is a recap of last week's prospects (PCS) (DEEP) (SCR)
This week Mr. Gaskins provides analysis of Comverge (COMV) a company that increases grid reliability for the utility industry.
Description of Business:
Load management, demand response systems for utilities to increase available electric capacity through reduced energy consumption during periods of peak energy demand . Markets itself as a 'clean energy alternative' but that is somewhat of a misnomer, because COMV is in the business of providing grid management & demand response systems . As a result of investments in Virtual Peaking Capacity (VPC) programs (see below), revenue from COMV's Alternative Energy Resources Group has represented an increasing percentage of total revenue, growing from 7% of total revenue for the year ended December 31, 2004 to 52% of total revenue for the year ended December 31, 2006.
Strategic alliance with Air Products and Chemicals, who has (APD) as a stockholder. The alliance for developing business models to jointly recruit large commercial and industrial customers of Air Products as participants in COMV's Virtual Peaking Capacity (VPC) programs;
For the week of April 16, 2007 Mr Gaskins will be covering the following:
MetroPCS Communications (PCS)
Simcere Pharmaceutical (SCR)
Superior Offshore International (DEEP)
For the week of April 23, 2007 Mr Gaskins will be covering the following:
CardioMEMS (SENS0
Cinemark Holdings (CNK)
EDENOR (END)
Ocean Power Tech (OPTT)
OceanFreight (OCNF)
Orexigen (OREX)
