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Buzz Stock of the Day- Anadys Pharmaceuticals Inc. (ANDS)

Saturday, August 1st, 2009

Shares of Anadys Pharmaceuticals, Inc. (NASDAQ: ANDS) soared today after the San Diego-based company announced that U.S. Food and Drug Administration regulators approved the design of a study for its hepatitis C treatment.

Shares were up $1.32, or 73 percent from yesterday’s closing price in morning trading, and closed the day 45 percent higher at $2.60 per share.

The company’s hepatitis C treatment, ANA598, has “demonstrated potent antiviral activity and good tolerability as a single agent in Phase 1, as well as preclinical properties indicative of likely synergy when used clinically in combination regimens,” according to CEO, Steve Worland, Ph.D. “This trial incorporates several attractive features designed to further enhance the competitive position of ANA598, including twelve weeks of triple combination treatment and a randomized exploration of shortening the overall duration of HCV therapy in conjunction with ANA598 treatment.”

The FDA approval establishes the length and goals of the study, which clarifies what is considered successful testing. The study was previously sidelined when three participants dropped out of testing after developing a rash.

Anadys said the FDA cleared the study protocol and patient dosing is expected to start in the next several weeks. Ninety patients are planned to be enrolled in the study, with 30 patients receiving the drug, ANA598, and 15 receiving a dummy drug at each dose level. The study would test 200 mg and 400 mg doses of the drug.

For the second quarter, the company posted a net loss of $6.5 million, or 21 cents a share, compared with a net loss of $7.1 million, or 25 cents a share, a year ago. The company’s cash, cash equivalents and securities available for sale as of June 30 totaled $30.6 million compared to $27.9 million as of December 31, 2008. These cash reserves are expected to fund operations into 2011.

“With our enhanced cash position, reduced cost structure and Phase II protocol allowance from the FDA, we are well positioned to continue advancing the development of ANA598 as a treatment for chronic hepatitis C,” Worland said in a statement.

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Posted in Health Care Stocks, Technology Stocks | No Comments »

American Superconductor Corp. (AMSC): Buzz Stock of the Day

Thursday, July 30th, 2009

American Superconductor Corp. (NASDAQ: AMSC) caught a tailwind this morning after the maker of wind-energy components announced first quarter earnings that beat analysts’ expectations thanks in large part to China’s greening.

“China, in particular the China wind industry, is the primary driver for our growth today,” said American Superconductor CEO, Greg Yurek in a conference call with analysts.

For the first quarter, the company posted net income of $1.8 million, or 4 cents a share, compared with a net loss of $6.1 million, or 14 cents a share, a year ago. Excluding items, it earned 12 cents a share. Revenue grew 83 percent to $73 million.

AMSC’s largest customer, wind-energy generator maker, Sinovel Wind, accounted for approximately70 percent of AMSC total revenue, and recently increased the its total contract value with American Superconductor to $470 million.

The original Sinovel contract, signed in January and valued at $450 million, had called for AMSC to ship core electrical components for Sinovel’s 1.5 megawatt wind turbines through the end of December 2011. Now, AMSC will increase its core electrical component shipments to Sinovel in 2009 and 2010 and now agrees to complete all shipments by the end of April 2011.

In 2008, China grew the installed base of wind turbines to about 12 GW and early this year declared that they intended to add another 10 GW or more in 2009, Yurek noted. Research by China Wind Energy Association projected that China would grow its wind power installed base between 108 GW and 132 GW by 2020.

“With Sinovel continuing to gain market share, many of our other wind turbine manufacturers set to commence production over the next 12 months, and power grid demand on the rise worldwide, AMSC’s outlook is stronger than ever,” said Yurek, adding that Sinovel is looking to double its production in 2009 and further growth is expected in 2010 and beyond.

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Buzz Stock of the Day – iBasis (IBAS)

Monday, July 13th, 2009

Shares of telecom services provider, iBasis, Inc. (Nasdaq: IBAS) were up more than 24 percent today, after news of a $48mln bid for 44 percent of the company’s outstanding shares from Dutch telecommunications giant, Koninklijke KPN.

The $1.55-per-share offer equated to a 19.2 percent premium over iBasis’ July 10 closing price.

[–quote–]
iBasis operates as a wholesale carrier of international long distance telephone calls, and a provider of retail prepaid calling services and enhanced services for mobile operators worldwide.

iBasis had 71.2 million common shares outstanding, as of March 31st. In October 2007, iBasis received $55 million in cash from KPN in exchange for 40.1 million shares of its common stock.

KPN already owned about 40.1 million shares, or a 56.3 percent stake, in the Burlington, Mass.-based iBasis prior to making the bid. KPN’s latest bid indicates its intention to commence a tender offer to increase KPN’s equity ownership to up to 100 percent.

iBasis said its board will form a special committee of independent directors to consider the bid.

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Buzz Stock of the Day – IncrediMail (MAIL)

Wednesday, July 1st, 2009

Shares of Israeli Internet company, IncrediMail Ltd. (Nasdaq: MAIL) were up nearly 14 percent after the company announced a two-year renewal of their contract with Google for use of the search company’s advertising network, AdSense.

IncrediMail, which designs high end personal desktop software, has been using AdSense since 2006, enabling it to share advertising revenue generated from users clicking on links sponsored by Google. The recent announcement gives IncrediMail the right to use AdSense for another two years, enabling it to share advertisign revenue generated from users clicking on links sponsored by Google.

IncrediMail reported in May that about 70 percent of its revenue was generated from its search business model, which includes multiple search engines.

This renewal reflects the positive relationship established between our companies and a relationship that has allowed IncrediMail to continue to perform well,” said IncrediMail CEO, Ofer Adler in a statement.

IncrediMail has roughly $27.6 million in the bank, and generated earnings of $6.5 million on revenue of $23.5 million for the trailing 12-month period. The company has an operating margin of nearly 17 percent.

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Buzz Stock of the Day- Broadwind Energy (BWEN)

Friday, June 26th, 2009


Shares of Broadwind Energy, Inc. (Nasdaq: BWEN) were up more than 35 percent today.

Earlier this week, the Naperville-based wind energy company announced a realignment of its management team to advance its business development, international and technology efforts.

“Our new management structure provides the framework for pursuing international business opportunities so that we can better serve our customers, enhance our supply chain and develop additional synergies among our subsidiary companies,” said CEO J. Cameron Drecoll in a statement.

Among the recent changes were the appointment of former Chief Operations Officer, Lars Moller to President, Technology and International, a position in which he will focus his efforts on Broadwind Energy’s technology leadership and international expansion; Jess Collins who was named Group President for three Broadwind subsidiary companies – Tower Tech Systems, RBA and Badger Transport; and Don Naab, who has been named Group President for Broadwind’s Brad Foote Gear Works and EMS subsidiary companies.

Despite a first quarter net loss of $7.2 million, or 7 cents a share, Broadwind reported revenue of $53.1 million, up 51 percent over the same period last year.

A recent article stated that Broadwind, which is a maker of turbine gearing, stands to see substantial growth if the sector finds the legs so many politicians pushing.

Shares of BWEN are up more than 200 percent in the past three months.

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Posted in Energy Stocks, Technology Stocks | 1 Comment »

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