Emerging Growth Alert ( WEMU ) Top Stock Watch & More… 12/07/10
momentumtraders Newsletter
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DECEMBER 07, 2010 ~~~~~~~~~~~~~~~~~~~~~~~~~~
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SPECIAL ALERT *** ( WEMU ) ***
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WEMU – EMERGING GROWTH ALERT WEMU – CURRENTLY NEAR LOWS @ $3.20 ENTRY LEVEL Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com ), headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing.
The company`s worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries.
Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA–(Marketwire – 12/07/10) – Worldwide Energy & Manufacturing USA, Inc. (OTC.BB:WEMU – News ) (“Worldwide” or the “Company”), a rapidly growing international supplier of photovoltaic (PV) solar modules, today announced revenue guidance for the full year 2010.
Worldwide estimates that its 2010 revenues will increase by approximately 160% to between $160 million to $165 million.
The revenue estimate is based on contracts and commitments primarily from the Company`s Solar Division, which continues to capture increasing market share globally with its `AmeriSolar` brand of photovoltaic solar modules.
In addition, the Company anticipates that its margins will continue to improve as it ramps up production at its new, wholly-owned state-of-the-art manufacturing and research facility in Nantong, China, which has an initial manufacturing capacity of 100 megawatts and a highly competitive cost structure.
“We expect to achieve significant revenue growth for the fiscal year ending 2010 and going forward given the strong growth we see in the global solar market and increasing demand for our AmeriSolar PV modules,” said Jimmy Wang, CEO of Worldwide.
“Europe continues to be a strong market for our products, particularly for us in Italy and the U.K, and we anticipate that Asia and the U.S. will become growing markets in the next three to four years, where we are already well positioned.
Solar is a very fast growing industry within the clean tech sector and we are confident that we are taking the right steps to aggressively grow our customer base as spending on renewable energy continues to rise.” NUMBERS ENDING SEPT 30 2010 +++ * Revenues for the nine months ended September 30, 2010 increased by 192.6% year-over-year to $114.7 million, up from $39.2 million in the nine months ended September 30, 2009.
* Solar division revenue increased to $101.6 million from $29.9 million, an increase of 239.5% or approximately $71.7 million compared to the same period a year ago.
* Net income for the nine months ended September 30, 2010 increased 178.4% year-over-year to $4.4 million, compared with $1.6 million in the nine months ended September 30, 2009.
* Gross profit for the nine months ended September 30, 2010, increased 76.5% to $10.6 million from $6.0 million for the nine months ended September 30, 2009; Gross margin for the period was 9.3% compared to 15.4% for the nine months ended September 30, 2009.
* Operating income and operating margin for the nine months ended September 30, 2010 were $2.6 million and 2.3%, respectively, compared to $2.4 million and 6.0%, respectively, in the nine months ended September 30, 2009.
* Earnings per diluted share were $0.81 for the nine months ended September 30, 2010, compared with diluted EPS of $0.44 achieved in the same period a year ago.
Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com ), *************
TOP STOCK WATCH *************
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, after President Barack Obama announced plans to extend tax breaks.
The Alerts on URRE continue to stay active and near the top of the Member Mails ! The U.S. Treasury Department sold its remaining stock in CitiGroup ( C ) for $10.5 billion, bringing the country`s third-biggest bank a step closer to independence from the government following a $45 billion bailout in 2008.
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AVSC – ACTIVITY / NEWS ALERT AVSC – $ 0.15 “Microsoft has been working closely with AVS to help them deliver high value data visualization-based solutions to the supercomputing marketplace, where speed and performance are essential requirements,” said Bill Hamilton, director, Technical Computing at Microsoft. “Companies like AVS are unleashing supercomputing power to scientists, researchers and engineers through innovative parallel processing and graphics rendering techniques on Windows that were once reserved for an elite class of hardware devices.” Advanced Visual Systems Inc. (www.avs.com ) provides industry-leading, interactive data visualization software and solutions that help business, scientific and engineering users gain critical insight from all types of data. AVS`s complete line of software products speed decision-making by bringing information to life using the latest in graphics, Web-based and interactive technologies on all major computing platforms.
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*** Member Mail Alert *** We have had quite a bit of mail coming in about CPST and projected deals such as the one announced today… May be more news short term.
CPST – ACTIVITY / NEWS ALERT CPST – BREAKING $0.80 CHATSWORTH, Calif., Dec. 7, 2010 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com ) (Nasdaq:CPST – News ), the world`s leading clean technology manufacturer of microturbine energy systems, has received an order for three C1000 Power Packages for a large independent oil-and-gas exploration and production company in the Eagle Ford Shale play in South Texas.
Capstone distributor Pumps & Service, which secured the order, expects the customer will order additional C1000 turbines in the near future. Today`s announcement is the fourth order Pumps & Service has received this year from large oil-and-gas companies targeting significant shale reserves in the United States.*************
SPPI – CONTINUES BREAKOUT / NEWS ALERT SPPI – BREAKING $5.90 NEW YORK (AP) — Shares of Spectrum Pharmaceuticals Inc. climbed in premarket trading Tuesday following positive results from two clinical trials of its lymphoma drug Zevalin.
After the market closed Monday, Spectrum reported results from a continuing late-stage study of Zevalin. It said patients who were treated with a single infusion of Zevalin following chemotherapy lived longer than those who received chemotherapy alone, or a combination of chemotherapy and the drug Rituxan. Spectrum said patients treated with Zevalin had a median survival time of 49 months before their cancer progressed or they died. Chemotherapy patients had median survival time of 14 months to disease progression.*************
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