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QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
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  • New Energy Systems Group (NEWN) is “One to Watch” 0 comments
    Oct 4, 2010 12:34 PM | about stocks: NEWN
    New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. Engaged in the battery business for many years, New Energy has established a strong network among battery companies and gained extensive experience in battery assembly and distribution.

    Selling its end-user consumer products primarly under the Anytone brand in China, the company has begun expanding its international sales efforts. Recently New Energy announced plans to launch MeePower(NYSE:TM), a new brand of advanced battery backup systems and related accessories for digital devices, in the U.S. beginning this fall. The company has developed a portfolio of over 50 patents and plans to leverage its experience in manufacturing and distribution to roll out a steady stream of new product innovations.

    New Energy’s growth is exceptional. For the second quarter ended June 30, 2010, the company’s revenue increased 335.2% to $23.4 million, gross profit increased 280.1% to $6.1 million and EPS increased 59.1% to $0.35 per diluted share year-over-year. As of June 30, 2010, the Company had cash and cash equivalents of approximately $3.8 million, working capital of $12.6 million, no long-term debt and stockholders’ equity of $59.3 million.

    Currently the company trades at a P/E of 5.54, P/S of 1.11 and Price/Book of 1.20. New Energy’s management team is operating the company with industry leading performance, returning 31.6% on equity, 25% on assets and 29.9% on capital. According to Yahoo Finance, insiders hold 41.05% of the shares outstanding and have not made any transactions in the last two years.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net
    Stocks: NEWN
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