Posts Tagged ‘green stocks’

China Technology Development Group (Nasdaq: CTDC) Buzz Stock of the Day

Tuesday, October 27th, 2009

China Technology Development Group (Nasdaq: CTDC), an integrated clean energy corporation, announced Tuesday that the company will acquire a majority interest in China Technology Solar Power Holdings Limited. The stock purchase agreement states that China Technology Developemtn Group will obtain a 51 percent equity interest and become the major shareholder of CTSPHL Group.

The announcement sent shares skyrocketing more than 39 percent, to a high of $5.09 from Monday’s closing price of $3.66. More than 978,000 shares changed hands by 10:45 a.m. EDT Tuesday, 10 times greater than the stock’s 50-day average daily volume of 97,000, according to Nasdaq.

Chairman and CEO of China Technology Development Group commented in a statement about the acquisition, “We are very pleased to become a controlling shareholder of CTSPHL Group. This marks a significant step that CTDC has made to enter into the solar power station arena and become one of the first overseas listed Chinese companies to hold an operating license from the Chinese government to operate on-grid solar power stations in China,” commented by of the Company.

China Technology Development Group (CTDC) believes the acquisition will advance the company’s goals of becoming a fully-integrated solar company with the capacity and qualifications to design, build, and operate solar power plants.

CTSPHL Group, through its wholly-owned subsidiary, is developing a 100MW grid-connected solar power plant project located in Delingha City of Qaidam Basin in Qinghai Province, Northwestern China. Upon closing of the acquisition, the Company and CTSPHL Group will jointly develop the Delingha 100MW Solar Project. CTSPHL Group has obtained a 25-year operating license from the Qinghai Provincial Development and Reform Commission for the first phase of the Delingha 100MW Solar Project, consisting of 10MW. Construction commenced on the first phase on 28th September 2009 and is expected to be completed by the end of 2010.

China Technology Development is an up-and-coming integrated clean energy group focused on providing solar energy products and solutions. The Company has an 8.86 million-share float with only 257,000 shares short as of Sept. 25, according to Yahoo Finance. Only 3.2% of the company’s shares are held by insiders with another 1.7% owned by institutions. CTDC’s major shareholders include China Merchants Group and Beijing Holdings Limited.

Leading Brands, Inc. (NASDAQ: LBIX) Buzz Stock of the Day

Thursday, September 24th, 2009

Shares of Leading Brands, Inc. (NASDAQ: LBIX) jumped nearly 33 percent in morning trading Thursday after the company reported promising financials for the second quarter 2009 ending August 31, 2009. Leading Brands is the only fully-integrated healthy beverage company in North America. Please note all amounts are recorded in Canadian dollars.

In the second quarter of 2009, the company generated non-cash, after-tax net income of $809,000 compared with a net loss of $291,000 for the same period last year. These earnings represent a $0.04 per share gain versus a loss of $0.01 per share for the same period last year. Additionally, the company reported non-cash income taxes of $380,000 for the second quarter, indicating before tax non-cash earnings of $1,189,000.

For the past year, Leading Brands has been focused on restructuring and cost reduction and for the second quarter reported a 41 percent decrease in selling, general, and administrative expenses. The company believes these current SG&A expenses are at a stable and sustainable level and will continue to be so.

The company reported an increase in gross profit margin of 8.6 percent over the same quarter last year, recording a margin of 52.7 percent for the second quarter 2009, compared with 44.1 percent for the second quarter and 43.2 percent for the first quarter of the fiscal year 2008. The solid gains in gross profit margin can be attributed to the company’s continued focus on cost reduction and efficient management as well as an improved and expanding product line.

Furthermore, Leading Brands has ceased distribution of its low-margin legacy food products and now focuses solely on its core healthy branded beverage products; as a result, the company reported gross revenue for Q2 of this year of $6,624,000, down from $9,562,000 for the same quarter last year, a year-over-year decrease of 30.7 percent. However, the Leading Brands is steadily gaining as the company reported gross revenue increase from the first quarter to the second quarter of $725,000, a quarter-over-quarter increase of 12.3 percent.

Finally, Leading Brands recorded net income for the first two quarters of 2009 of $1,012,000 compared with a net loss of $849,000 for the same two quarters in the previous year, an increase of $1,861,000. Year-to-date gross revenue fell $6,403,000 from $18,926,000 in the second quarter last year to $12,523,000 for the same period this year. The decrease in gross revenue is the result of Leading Brands’ decision to eliminate the low-margin food distribution business.

Leading Brands, attempting to stay profitable while facing the recent economic downturn, launched a massive restructuring and cost reducing initiative. In the past 18 months, the company has been working to eliminate unprofitable product lines, improve efficiency as well as enhance and expand profitable product lines.

Echelon Corp. (ELON) – Buzz Stock of the Day

Monday, August 10th, 2009

Shares of Echelon Corp. (NASDAQ: ELON) were up more than 45 percent today after the maker of energy efficiency products announced a long-term agreement to supply “smart meters” to Duke Energy Corp. (NYSE: DUK).

Duke Energy has described the smart grid as one of the greatest advancements of the 21st century,” said Ken Oshman, chairman and CEO of Echelon in a statement.

Echelon’s smart meters allow households to monitor electricity usage while also sending data back to power providers. By bringing the wide area network connection point down to the neighborhood transformer, the company’s NES architecture allows a utility to pinpoint problems in its network at a very precise location, and can improve customer service, for example, by eliminating cost and time associated with outage detection.

The creation of a “smart grid” is considered by some to be essential to modernizing the U.S. power delivery system, according to many experts.

“It’s the marriage of information technology and automation technology with the existing electricity network. This is the energy Internet,” said Bob Gilligan, vice president for transmission at GE Energy, which is aggressively pursuing smart grid development. “There are going to be applications 10 years from now that you and I have no idea that we’re going to want or need or think are essential to our lives.”

However, other experts warn that a “smart grid” isn’t smart enough yet to keep hackers away.

Mike Davis, a senior security consultant with Seattle-based IOActive Inc., demonstrated how a computer worm could hop between the meters at homes and businesses within a smart grid network. Such a worm could give troublemakers remote control of the meters, allowing them to disconnect someone’s power, for example.

“Every time we redesign a new technology like this, we’re doomed to relive the ’80s and ’90s all over again and the same vulnerabilities,” he told the AP.

Duke Energy has received regulatory approval to deploy smart grid infrastructure in Ohio, and plans to launch a five-year mass deployment of smart grid technology later this year including more than 700,000 electric smart meters in Ohio. In Indiana, Duke Energy is seeking approval from the Indiana Utility Regulatory Commission to install smart grid technology, including approximately 800,000 smart meters.

Echelon said the deal could represent a revenue opportunity of $150 million. The initial order is worth $15.8 million, with deliveries expected to begin at the end of the quarter, the company said.

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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Buzz Stock of the Day – China Architectural Engineering (CAEI)

Monday, May 4th, 2009

China Architectural Engineering, Inc. (Nasdaq: CAEI) specializes in the design, engineering, fabrication and installation of curtain wall systems, roofing systems, steel construction systems, and eco-energy saving building conservation systems.

The company is in three sweet spots in the market–infrastructure stocks, China stocks and green stocks.

In late March, the Zhuhai-based company reported results for 2008. Among the bright spots, a 75 percent increase in contract revenue compared to last year, and a reduction of net loss to $5.9 million, compared with $12 million a year earlier.

Gross profit for the year ended December 31, 2008 was $22.8 million, an increase of $0.5 million, or 2 percent, from $22.3 million for the comparable period of 2007. The company’s gross margin for the year ended December 31, 2008 was 15.0 percent as compared with 25.7 percentfor the year ended December 31, 2007. The decrease was primarily a result of higher raw material, project set-up costs, and labor costs, especially in China.

Shares of CAEI were up more than 22 percent at mid-day trading on the Nasdaq.