Archive for the ‘Penny Stocks’ Category

« Older Entries
Newer Entries »

Cavico Corp. (CAVO) – Buzz Stock of the Day

Tuesday, January 25th, 2011

Shares of Vietnam-based infrastructure development company Cavico Corp. (Nasdaq: CAVO) skyrocketed more than 100 percent from Monday’s closing price in morning trading on Tuesday after the company announced that its subsidiary Cavico Hydropower Construction signed a tunnel construction contract for a hydropower plant in Vietnam valued at roughly $7.75 million.

Shares of Cavico reached an intraday high of $3.48 on Tuesday, up from Monday’s closing price of $1.70 per share.

“This is the largest hydropower project in Khanh Hoa Province,” said Cavico’s vice president Hai Thanh Tran in a statement. “In 2011 Cavico expects to be awarded many more tunnel construction projects as well as other civil and infrastructure construction projects throughout Vietnam. We are very confident that we will maintain our strong position in this sector due to our modern fleet of equipment and our skilled, experienced labor force.”

The announcement came on the heels of a $2 million tunnel excavation contract Cavico announced earlier this month, and a $6 million construction contract for another hydropower plant that was announced in late December 2010.

For the third quarter, Cavico reported a net loss of $1.9 million, or 62 cents per share, compared to a net loss of $2.6 million, or 85 cents per share in the third quarter of 2009. Revenue for the three months ended September 30, 2010 fell to $14.6 million, from $17 million a year earlier.

The company has given full-year revenue guidance in the range of $59 million to $62 million, and anticipates a net loss of between $6 million and $7 million for fiscal 2010.

Cavico’s CEO, Ha Quang Bui was bullish on the company’s future, however, largely because of Vietnam’s ambitious plans to build 48 hydropower stations exceeding 50 MW by 2025.

“We expect to benefit significantly from the Vietnamese government’s focus on the electricity shortage and development of the related projects, as well as the overall growth of Vietnamese economy,” Bui said in a statement.

Shares of Cavico are down about 5 percent over the past three months.

Tags: , ,
Posted in Industrial Stocks, Penny Stocks | No Comments »

BioLase Technology, Inc. (BLTI) – Buzz Stock of the Day

Thursday, January 20th, 2011

Shares of dental laser manufacturer and distributor, BioLase Technology, Inc. (Nasdaq: BLTI) soared as much as 89 percent from Wednesday’s closing price in morning trading on Thursday after the company announced that it expects to report fourth quarter net revenue ranging between $9.5 million and $10 million with positive net income excluding non-cash stock option expense.

Sales to Henry Schein, Inc. (Nasdaq: HSIC), one of the BioLase’s major distributors, accounted for approximately 20 percent of the revenue in Q4.

BioLase shares opened at $1.96 on Thursday,and reached a new 52-week high of $3.17.

The Irvine-based company also issued annual revenue guidance for 2011 ranging from $55 million to $60 million, about 120 percent to 140 percent over 2010. Analysts on average are expecting  revenue of $40.4 million. Net revenue for the first quarter ended March 31, 2011, traditionally the lowest quarter of the year, is expected to range between $8.75 million to $9.25 million, up from $4.4 million in the first quarter of 2010, with positive net income.

“We foresee a very promising 2011 with revenue and earnings growth on a quarterly basis,” said BioLase’s Chairman and CEO Federico Pignatelli in a statement. “”Following a restricted marketplace brought on by the recession and constricted credit, the dental high tech capital equipment market has now shown strong signs of a turnaround and there is reason to believe that it is poised for substantial growth, with the laser dental market at the high end of the spectrum of choices.”

BioLase’s Board of Directors also approved a stock dividend of one percent effective January 19, 2011, and payable on March 31, 2011, to shareholders of record on March 15, 2011. In addition, the Board adopted a four percent annual stock dividend policy.

BioLase Technology designs, manufactures and markets proprietary dental laser systems that allow dentists, oral surgeons and other specialists to perform a broad range of common dental procedures, including cosmetic applications.

Shares of BLTI are up about 93 percent over the past three months.

Tags: ,
Posted in Health Care Stocks, Penny Stocks | No Comments »

Borders Group, Inc. (BGP) shares rise on rumors of possible financing

Friday, January 14th, 2011

Shares of Borders Group, Inc. (NYSE: BGP) were up more than 30 percent on Friday after it was reported that the troubled bookstore chain told publishers that it was close to securing refinancing that was intended to reduce costs, improve liquidity and expand marketing efforts.

Borders also asked publishers to provide money for a large portion of the company’s debt as a loan, according to people briefed on the matter, the New York Times reported.

Last week, sources told Reuters that the bookseller has hired FTI Consulting Inc to assist in analyzing its finances and is in talks with GE Capital about new debt that could replace its existing credit line.

It was also reported earlier this month that  Borders said it was delaying payments to some of its vendors. According to the company’s latest financial statements, its biggest liability is its unpaid bills to suppliers, a figure which may have ballooned following the holiday selling season.

Shares of BPG closed at $1.06, up 29 percent from Thursday’s closing price. Shares are down 18 percent over teh past three months.

Tags:
Posted in Consumer Discretionary Stocks, Penny Stocks | No Comments »

Plug Power, Inc. (PLUG) shares soar 30 percent on Coca-Cola deal

Thursday, January 13th, 2011

Shares of power solutions provider, Plug Power, Inc. (Nasdaq: PLUG) surged 30 percent on Thursday after it was announced that Coca-Cola Refreshments USA (NYSE: CO) purchased 37 of Plug Power’s GenDrive fuel cells to power a new fleet of Caterpillar lift trucks at its 250,000 sq. ft. bottling and distribution center in San Leandro, CA.

“This is the second site in the Coca-Cola system to convert an existing lift truck fleet to GenDrive fuel cells,” said Andy Marsh, CEO at Plug Power in a statement. “It’s evidenced through these repeat customers the real value of the GenDrive solution. Hydrogen fuel cells are competing with the incumbent power sources and winning because they provide the most benefit for the organization. It’s a simple business decision.”

Plug Power’s GenDrive™ fuel cell is a superior alternative to lead-acid batteries for electric lift trucks.

Previously using lead-acid batteries as a power solution, Coca-Cola is making the transition to GenDrive to take advantage of the increased productivity and improved space utilization offered by the technology.

“Using Plug Power Fuel Cells for our fleet in the San Leandro facility is an example of this commitment,” said Brian P. Kelly, Product Supply Leader, Coca-Cola Refreshments, in a statement. “This innovative use of technology will help us reduce our carbon emissions, streamline our operations and work towards our aggressive environmental goals.”

Plug Power closed deals equating to over 400 GenDrive units in the fourth quarter alone. Some first-time customers include Coca-Cola and CVS.  Plug Power also received follow-on orders from repeat customers like BMW and Walmart Canada. Concluding the successful quarter, Plug Power received letters of commitment from customers for another 250-plus GenDrive power units.

Plug Power manufactured and shipped a record number of units for the full year ending December 31, 2010, meeting its milestone of at least 650 unit shipments for the year. The Company’s Latham, NY manufacturing facility is capable of producing over 10,000 units each year.

“I’m pleased with the continued commercial adoption of our GenDrive solution by new customers and the follow-on orders by existing customers,” Marsh said in a statement.

Shares of PLUG are up approximately 35 percent over the past three months, and recently traded for 61 cents per share.

Tags: ,
Posted in Penny Stocks, Technology Stocks | No Comments »

Onstream Media Corp. (ONSM) – Buzz Stock of the Day

Thursday, January 13th, 2011

Shares of online service provider, Onstream Media Corp. (Nasdaq: ONSM) soared as much as 63 percent from Wednesday’s closing price in morning trading on Thursday. Shares traded as high as $1.36, up from Wednesday’s closing price of $0.83 per share.

For the 12 months ended September 30, 2010, Onstream reported a net loss of $9.3 million, or $1.20 per share, down 21 percent from a net loss of $11.8 million, or $1.63 a share in fiscal 2009. Revenue for the year fell 1.4 percent to $16.7 million compared to last year. Revenue from Onstream Media’s Digital Media Services Group, which includes Webcasting and hosting services increased 1.6 percent to $7.9 million, compared to FY 2009.

“Despite historically lower fourth quarter revenues due to seasonality and overall challenging economic conditions, Onstream posted revenue increases in its fourth quarter, as compared to the comparable prior year period,” said Onstream Media’s President and CEO, Randy Selman in a statement. “We also achieved a new milestone — for the first time in our history, we posted two consecutive quarters of positive cash flow from operating activities, before working capital changes.”

Onstream’s fourth quarter revenue increased 8.9 percent to $4.1 million, from $3.7 million in FY 2009. Cash flow from operating activities (before changes in current assets and liabilities) was approximately $44,000 in Q4, and $188,000 in Q3.

Onstream Media Corp. provides live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology to customers including Dell, Disney, Georgetown University, National Press Club, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures and the U.S. Government.

Shares of ONSM are up about 14 percent over the past three months.

Tags: ,
Posted in Penny Stocks, Technology Stocks | No Comments »

« Older Entries
Newer Entries »