Posts Tagged ‘infrastructure stocks’

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.

BWOW wows, CSCO busy, LPHI steps back

Thursday, December 16th, 2010

Wowjoint Holdings Ltd. (NasdaqGS: BWOW) ballooned 44.44 percent in price Thursday to $3.77. Volume of 60,600 shares proved 20 times its full-day average. The Beijing-based BWOW is a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction

Cisco Systems Inc. (NasdaqGS: CSCO) traded Thursday in 36,433,475 shares, or about half its full-day average. CSCO share prices gained 1.23 per cent, to $19.71.

Life Partners Holdings Inc (NasdaqGS: LPHI) tumbles 15.79 percent Thursday to $16.75, on volume of 291,687 shares, dwarfing its full day average of 85,703. LPHI, the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, announced earlier this month a five-for-four split in its common stock.

NVLT vaults, MMTE mammoth trader, ISIM isn’t great

Thursday, December 9th, 2010

Novelos Therapeutics Inc. (OTCBB: NVLT) galloped ahead 70.45 percent in midday trading Thursday to 3.75 cents on 13.5 million shares, compared to a full-day average of 363,282. The Newton, Mass.-based biopharmaceutical company announced that today a poster highlighting positive results in a Phase 2 trial of NOV-002 in combination with neoadjuvant chemotherapy treatment in patients with stage IIB-IIIC HER-2/neu negative invasive breast cancer is being presented at a symposium in Texas.

Mammoth Energy Group Inc. (Pink Sheets: MMTE) traded in 122.8 million shares Thursday, in contrast with a daily average of 20.49 million. Prices were flat at three-100ths of a cent. The New York-based lithium and alternative energy mining company, announced today that expected demand and sales growth for lithium ion batteries is expected to triple to $60 Billion in the next 10 years.

Insight Management Corp. (OTCBB: ISIM) trailed Wednesday’s close by 33.33 percent to eight-100ths of a cent Thursday. Volume was 33.82 million shares, or double its full-day average. The New York-based green construction company has completed the acquisition of Plant Acadia Growing, Inc., the parent company of Simpson Brothers Greenhouse, LLC, a retail greenhouse and wholesale farm supplier.

VRGY leaps, C busy, LTXC fades

Monday, December 6th, 2010

Verigy Ltd. (NasdaqGS: VRGY) improved 30.42 percent in Monday’s first hour to $11.92. Volume of 6,269,040 shares easily outdistanced its normal full-day average volume of 846,028. VRGY, which makes semiconductor test equipment, this morning said it received an unsolicited $12.15-a-share cash acquisition bid from Advantest

Citigroup (NYSE: C) assumed its place among the volume leaders early Monday morning, trading in 134,580,936 shares, its full-day average around 464,320,000. Share prices backtracked, however, 0.11 percent to $4.45.

LTXCredence Corp. (NasdaqGM: LTXC) gave back 16.8 percent in price Monday to $7.03, on volume of 1,523,632 shares, nearly doubling its full-day average in just the first hour. The global provider of ATE solutions weighed in this morning on the prospective Adventest-Verigy deal, believe that it, LTXCredence, would be a better fit for Verigy.

PSS sparks on earnings news, MOT enjoys great volume, TRR trips

Thursday, December 2nd, 2010

Collective Brands Inc. (NYSE: PSS) improved 15.86 percent in price to close Thursday at $20.38. Volume of 7,659,229 shares was five times its normal full-day average volume. PSS announced Thursday it earned $47.6 million, or 75 cents a share, on the period, up from $36.9 million, or 57 cents a share, in the same quarter last year.

Motorola Inc. (NYSE: MOT) was among the volume leaders late Thursday afternoon, trading in 51,736,649 shares, very nearly doubling its full-day average. MOT shares went down on the day, however, by 0.44 percent to $7.97. Motorola Mobility, the communications subsidiary of Motorola, today said it is buying home networking specialist 4Home.

TRC Companies Inc. (NYSE: TRR) gave back 8.83 percent in price Thursday to $2.58, on volume of 19,585 shares, nosing out its full-day average of 14,556. The Lowell, Mass.-based TRR is a recognized leader in engineering, consulting, and construction management services to the energy, environmental, and infrastructure markets