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Top Stock Watch: ENER Gains on Lower-than-Expected Losses and Increased Revenue

 

Energy Conversion Devices Inc. (NASDAQ: ENER) a leader in the design, manufacturing, and sale of photovoltaic (PV) products today reported a wider fourth-quarter loss than in the same quarter one year ago, however in an interesting twist that benefited shareholders the reported loss was less than Wall Street analysts had projected, and the company also beat analysts’ revenue predictions, posting almost a 70% sales growth.

For the quarter ended June 30, ENER reported a loss of $20.3 million, or $0.48 per share, compared with a loss of $17.6 million, or $0.42 per share, in the same quarter for the prior year. This represents a 15% increase in losses or a 14% increase in loss per share. Although these numbers are disappointing, they show a decreased loss and a possible reversal of precedence. Analysts had forecast a much larger loss of $0.60 per share for the quarter.

Revenue increased 68% from $51.4 million to $86.2 million, besting estimates from analysts of $72.3 million for the quarter. ENERs latest quarter’s profit was reduced by a net $6.7 million by various one-time charges as noted on the company’s 10-Q report.

ENER shares closed Monday at $3.98 per share, then opened at $4.16 on Tuesday morning as afterhours trading and the anticipation of better than expected earnings helped to prop up the share price. Then as news spread about company earnings beating analyst expectations the price per share soared to $4.73 at its high during the Tuesday trading session.

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About MicroStockProfit.com

MicroStockProfit.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

MicroStockProfit Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. MicroStockProfit.com is a wholly-owned subsidiary of MicroStockProfit.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.


Citigroup Can’t Seem to get Losses Under Control

 

Citigroup Inc. (NYSE: C) has seen its share price slowly decline over the past month from a high of $4.19 per share to its most recent price of $3.71. Citigroup who was once one of the high powered financial firms and a regular in Fortune Magazine’s Fortune 500, has been all but crushed by the recent economic meltdown, and taxpayer bailout. Adding to Citigroup’s problems is their consumer financial branch CitiFinancial whose recent loan delinquency rate came in a quarter of 1% higher than expected.

Citigroup’s consumer financial branch had approximately $15.4 billion in personal loans outstanding at the close of June. The 0.25% represents $38.5 million in loans that has fallen into delinquency. In an effort to slow the outflow of cash from its thinning bottom line Citigroup closed more than 330 branches and more than three quarters of a million accounts were moved to other branches. These cost cutting steps come as many of the closed branches are being converted to service centers to help deal with the rise in delinquent loans.

Technical indicators don’t spell out a better future for the beaten financial firm it is below both its 50 day and 200 day moving averages and is trending lower, showing obvious bearish signs as the Dow, Nasdaq, and S&P all sustain big loses. The good news for Citigroup is that technically speaking it has crossed below its 6% moving average envelope line for the most recent 20 day period, placing it in an excellent position for a bullish move back above the line.

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About MicroStockProfit.com

MicroStockProfit.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

MicroStockProfit Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. MicroStockProfit.com is a wholly-owned subsidiary of MicroStockProfit.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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Hot Penny Stock Alert – Clean Coal Technologies

 

Clean Coal Technologies, Inc. (OTC PK: CCTC) today announced that it has entered into a consulting contract with MMB Global Advisors (MMB). The agreement is structured so that MMB will provide strategic consulting services, which will include a reworking of CCTC’s corporate structure which will help the company become more attractive to key personnel who CCTC is interested in acquiring.

MMB will also help revamp CCTC’s industry image in an effort to attract and develop potential strategic alliances. MMB will also engage in the creation of various financial models as well as joint venture models to illustrate to potential joint venture partners how and why a partnership with CCTC could be beneficial to all parties involved. MMB will also attempt to actively court ne business and client relationships based on the marketability of CCTC’s products and technologies.

Robin Eves, CCTC CRO and member of the board of directors of the company, stated that CCTC is pleased with the partnership and is confident that MMB will help CCTC display its products and technologies.

“Our company is very pleased to have this consulting agreement with MMB, which I am confident will help CCTC’s efforts in commercializing our technology within India, China, and other targeted countries. Given the strategic importance of coal as the primary fuel source for Asia’s growing energy needs, coupled with increasing international environmental concerns, we believe CCTC’s technology provides a compelling solution, which when combined with MMB’s resources, will establish CCTC as the industry leader in the rapid growth markets of Asia” stated Eves.

Despite the promising news, CCTC shares fell $0.002 from $0.06 to $0.058 during Mondays trading. CCTC shares had traded as high as $1.20 YTD but have fallen hard as the economy floundered and companies halted spending on improving their environmental footprint and improving efficiency in favor of cost cutting and growing cash reserves.

  • Want more? Check out the message board buzz these stocks
  • See what newsletters are recommending this stock here
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About MicroStockProfit.com

MicroStockProfit.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

MicroStockProfit Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. MicroStockProfit.com is a wholly-owned subsidiary of MicroStockProfit.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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Marketwatch: What’s in Store for this Renewable Energy Small-Cap?

 

Pacific Ethanol gets a much needed boost from recent earnings reports, but the PPS surge may have run out of fuel without Uncle Sam chipping in for gas money 

Pacific Ethanol Inc. (NASDAQ: PEIX) Tuesday released its second-quarter earnings; the company’s second-quarter net income amounted to $107.8 million, or $1.43 per share, compared to a $28.2 million loss for the same period last year. 

The company’s second-quarter sales improved 9% to $76.8 million, from $70.1 million a year ago, and similarly to net income, the 2Q loss of $2.7 million, fared much better than the $7.8 million loss for the same three-month period one year prior. The huge reversal of business fortune came as a result of Pacific Ethanol’s holding company and four plant subsidiaries coming out of bankruptcy and eliminated $295 million in debt. 

The earnings report helped to spur huge gains in share price Tuesday morning rallying it up to $0.79 per share, yet in a showing of uncertainty the rally spurred a major selloff eventually dragging the share price back down to $0.66 per share down 8.82%. 

The selloff signifies the potential troubled future in store for Pacific Ethanol. Its revenues are meager at best, and while the potential for this industry to revolutionize the way we consume combustible fuels is extremely realistic, without serious government subsidies it will likely flounder for many years.

Pacific Ethanol seems to have recognized this fact and recently announced that the company received confirmation from the California Energy Commission accepting the participation by Pacific Ethanol Madera, LLC and Pacific Ethanol Stockton, LLC into the California Ethanol Producer Incentive Program (CEPIP). The CEPIP is designed to provide payments to eligible operating California ethanol producers under specific unfavorable economic conditions and requires reimbursement by participants to the state of any outstanding CEPIP payment balances under specifically identified favorable economic conditions. 

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.


One Hot Banking Pink Sheet to Keep on Your Radar

 

Washington Mutual Inc. (PINK: WAMUQ) is a consumer and small business banking company. The company also provides savings and loan facilities. The company has two banking subsidiaries companies. These companies are Washington Mutual Bank fsb and Washington Mutual Bank. Washington Mutual Inc. divided its business in four segments. These segments are the Card Services Group, the Retail Banking Group, the Commercial Group and the Commercial Group. These groups serve various markets raging from nationwide credit card lending business to commercial real estate lending business.

Washington Mutual won court approval for the scope of the investigation into its bankruptcy. This change in the scope was sought by shareholders. The company examiner is expected to study the company’s settlement with JPMorgan Chase & Co. (NYSE: JPM) and the Federal Deposit Insurance Corp. As a part of the settlement, the company agreed not to sue JPMorgan and the FDIC. This settlement will also be used as the basis of distribution of $6 billion among the creditors.

The penny stock of Washington Mutual has 52-week price range of $0.09 and $0.70. The stock’s 50-day moving average is at $0.17 and 200-day moving average stands at $0.19. Washington Mutual’s Price/Sales ratio is 0.09 and its Price/Book ratio is 0.01. The company’s market cap is $343.27 million. The company’s Enterprise Value is $77.25 billion and its EV/ Revenue ratio is 22.08.

Washington Mutual’s profit margin is (175.68%) and operating margin is (140.76%). The company has ($9.59 billion) in net income available to common shareholders. The company has $7.23 in cash per share. Washington Mutual currently has 1.70 billion shares outstanding. The company’s 0.01% of shares are held by insiders whereas 0.30% are held by institutions. The company is generating (24.44%) return on its equity. Washington Mutual rate of return on its assets is (1.98%). The company’s revenue for the last quarter stands at $3.50 billion.

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.


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