FuelCell Energy Inc. (FCEL) stock leaps on great Q3 figures
Posted on: September 7th, 2011Written by:
FuelCell Energy Inc. (Nasdaq: FCEL) sprang in price 20.4% Wednesday to $1.24, on exciting third-quarter sales figures. Volume for the stock more than doubled its daily average at 4.5 million shares ahead of noon ET.
A news release out Sept. 6 told the investing world that the Danbury, Ct.-based FuelCell reported total revenues for the third quarter of 2011 of $31.2 million compared to $18.9 million in the same period last year, an increase of 65 percent. Product sales and revenues in the third quarter were $29.4 million compared to $16.2 million in the prior year quarter, due to increased demand for Direct FuelCell(R) (DFC(R)) power plants.
Product sales and revenues for the third quarter of 2011 included $21.2 million of power plants and fuel cell kits, $5.5 million primarily from installation services and revenue from the 100 kilowatt (kW) joint development agreement with POSCO Power, and $2.7 million from service agreements.
The Company generated a gross profit for the third quarter of 2011 from products and services of $0.2 million, an important milestone on the path to profitability and the first quarterly gross profit since commercializing its DFC technology.
The same release quoted FuelCell CEO Chip Bottone, “The team at FuelCell Energy achieved an important milestone this quarter by generating a gross margin for the first time since we began the commercialization process of Direct FuelCells.
“We are executing our revenue growth plan and benefitting from operating leverage that is driving down costs. We have record product and service backlog of $230.6 million and we are producing at a record rate as our Operations Group, led by Tony Rauseo, Chief Operating Officer has substantially increased our production run rate to a level of 56 megawatts annually compared to 22 megawatts of production for fiscal year 2010,” Bottone concluded.
Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. The Company’s power plants have generated over 850 million kWh of power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas.
GreenShift Corp. (GERS) strikes deal, stock jumps
Posted on: August 16th, 2011Written by:
GreenShift Corp. (OTCBB: GERS) doubled in price to two-100ths of a cent Monday morning, on word of a new licensing and installation agreement. Volume for the stock was six million shares. By late afternoon trading Tuesday, Greenshift stock had given back 50% of the gains.
A news release issued August 15 declared that the company, based in Alpharetta, Ga., announced today its execution of a license agreement with Advanced BioEnergy LLC and the successful commissioning of GreenShift’s patented corn oil extraction technology at Advanced BioEnergy’s 110-million-gallon-per-year ethanol plant in Fairmont, Nebraska.
Under the terms of the agreement, GreenShift has designed and assisted Advanced BioEnergy with the construction of a system based on GreenShift’s patented corn oil extraction process. The system includes use of two Alfa Laval Disc Stack Centrifuges for maximum performance. In addition, GreenShift will provide Advanced BioEnergy with ongoing technical support to maximize the performance and benefits of the new corn oil extraction system.
In the same release, GreenShift Chief Technology Officer David Winsness said, “Ethanol plants need to think differently about by-product management today, GreenShift’s technologies allow licensed producers to get the most out their by-products. A key focal point of our offering is extracting and shifting products into markets where they inherently have higher values, such as, in the case of corn oil, the biodiesel and specialty chemical markets. We are very pleased to be working with Advanced BioEnergy and its progressive, high-caliber team.”
GreenShift Corporation develops and commercializes clean technologies that facilitate the more efficient use of natural resources.
Cemtrex Inc. (CTEI) stock jumps on quarterly numbers
Posted on: August 11th, 2011Written by:
Cemtrex Inc. (OTCBB: CTEI) saw its shares grow 53.9% soon after the start of trading Thursday to 20 cents, on dazzling new quarterly figures. Volume for the stock was nearly 61,000, or better than four times its full-day average.
An August 11 press release revealed that the Farmingdale, New York-based Cemtrex’s revenue increased by 816% to $6,001,792 in third quarter ended June 30, 2011 compared to $654,721 in third quarter ended June 30, 2010.
Net Income was $428,452 in third quarter ended June 30, 2011 compared to a loss of $114,770 in third quarter ended June 30, 2010.
Commenting on the quarterly results, company president Arun Govil was quoted in the release as saying, “We are pleased with this turnaround to profitability and are confident in our ability to create sustainable profitability for the long term.”
Cemtrex Inc. through its subsidiaries is a worldwide market leader in manufacturing and selling the most advanced equipment and systems for stack gas emission monitoring, air filtration and other environmental control products in a wide variety of industries, including power plants, refineries, chemical, steel and cement plants.
Medina International Holdings Inc. (MIHI) soars on strong bottom line
Posted on: August 2nd, 2011Written by:
Medina International Holdings Inc. (OTCBB: MIHI) prices climbed 66.7% to 10 cents Tuesday, after boosting revenues and lowering losses from the previous fiscal year. Volume for the stock was 10,150 shares, lower than its daily average of 13,750.
Based in Corona, California, the company announced in a news release August 2 gross revenues of $1.54 Million for the year ended April 30, 2011, compared to $541,000 for the same period in 2010.
The Company sold nine rescue and fire rescue boats during the last fiscal year. Sales increased by 185% or $1 Million, while net losses decreased by 24%.
The release quoted CEO Daniel Medina, CEO as commenting, “We believe in our efforts to create a substantial business enterprise from what we have, and are, putting together. Our recent acquisition of Wintec Protective Systems, Inc., will add immediate value and substantial revenue over the coming 12-18 months.
Medina concluded, “It also complements our existing business lines and will add another dimension to our current product offerings. We believe our customers will be as excited as we are.”
Medina International Holdings, Inc. through its wholly-owned subsidiary, Harbor Guard Boats, Inc., produces commercial fire, rescue, police and patrol boats. The Company holds several patents, and utilizes the highest design and performance standards, with a proprietary hull design and equipment features that address specific niche markets.
Garb Oil and Power Corp. (GARB) skyrockets on joint-venture pact
Posted on: July 27th, 2011Written by:
Garb Oil and Power Corp. (Pink Sheets: GARB) shares climbed 13.7% Wednesday to 58-100ths of a cent on word of a new joint venture involving construction of new plants. Volume for the stock proved to be 5.8 million shares, still short of its daily average of around 7.2 million.
The company, based in Salt Lake City, issued a news release July 27 announcing that it had formed a joint venture with Alabama-based ACG Consulting LLC (the “JV”) to build seven E-Waste recycling facilities within the next three years. It is planned that the first E-Waste recycling facility will break ground in South Florida in March 2012. Garb plans to break ground with a new E-Waste recycling facility every four months thereafter, at various sites in the U.S. as licenses, permits, and USCIS approvals are obtained.
The JV will be owned 51% by Garb and 49% by ACG Consulting LLC. Three E-Waste recycling facilities are planned for operation during the 2013 calendar year with four additional recycling facilities to come on line during the 2014 calendar year. It is expected that by end of 2015, the combined E-Waste recycling facilities will contribute an estimated $85,000,000 in revenues to the JV.
Garb Oil Power Corporation is dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Its plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind.
Clear Skies Solar Inc. (CSKH) leaps on new sales
Posted on: July 27th, 2011Written by:
Clear Skies Solar Inc. (OTCBB: CSKH) jumped 12.4% Wednesday to three cents, on word of sterling sales for June. Volume for the stock was 522,000 shares.
The Mineola, New York-based company, a full-service renewable energy provider to commercial, industrial and agricultural clients, announced in a July 27 news release it has reached over 1 megawatt or $4 million in customer signed contracts for the month of June.
With majority of its projects financed and the remainder are in the process of being financed, the company said it was looking forward optimistically to a healthy 2011 for Clear Skies Solar.
With a diversified portfolio of projects now under construction, Clear Skies announced it has recently completed the first installation under its new high-volume project management program. Clear Skies currently has approximately eight projects under construction at different stages varying in size from a residential four kilowatts to several commercial facilities of 160 kWs and 250 kWs respectively.
Clear Skies CEO Ezra Green was quoted in the release as saying, “The CSS process of execution is initially based on client financing with the installation dictated by engineering and product delivery. Our products are shipped from Asia, Canada and the United States with lead times up to four to six weeks which fits into the overall process of a project. With sales increasing and construction under way, we have been able to enter discussions with several non-dilutive sources of project and product funding.
“We recognize that discussing events is very important but we at CSS also owe it to the shareholders that the information being delivered is not premature and subject to any radical change.” Green concluded.
