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Harris Roen
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Harris Roen is a financial writer with a passion for understanding the economic activity of our interconnected world. His previous experience of over 15 years as a professional portfolio manager helps him ground-truth the hype through independent research and analysis, providing valuable... More
My company:
Swiftwood Press LLC
My blog:
Roen Financial Report
  • Alternative Energy Daily Stock Alert 0 comments
    Nov 9, 2012 3:50 PM | about stocks: CDXS, MGA, MYRG, PANL, RBCN

    Harris Roen, Editor
    Roen Financial Report
    November 9, 2012

    We are thick into earnings season. Five stock alerts were generated today, showing a variety of profit announcements, as well as a range of projected earnings expectations.

    Codexis, Inc. (CDXS)More Info
    Mixed earnings results, combined with guidance pointing to a decline in revenues for 2012, has hurt Codexis' stock price. Shares dropped 7% in one day on large volume, continuing the stocks steady decline that started in April 2010. On the bright side, although EPS remains negative, it is approaching positive territory and is at the best levels it has been for the past 8 quarters.Press release
    Magna International Inc. (MGA)More Info
    Mixed earnings results announced. Revenues and profits are down for the quarter, but both are up compared to the same quarter last year. EPS also moved up, as it has for the past 4 quarters. The company increased its sales projections for 2012, which should put revenues up between 5%-9% over 2011 levels. Stock traded on highest volume in 3 months, but has remained flat since February.Press release
    MYR Group Inc. (MYRG)More Info
    Earnings release misses analysts' expectations, causing the stock to reach a three month low for the day, closing down 6%. Profits remain flat for the quarter, but are up 49% over the same quarter last year. Despite a wildly fluctuation stock price, swinging 69% from its high to its low for the year, the stock is at the same level it was 12 months ago.Press release
    Universal Display Corporation (PANL)More Info
    Dissapointing earnings drove Universal Display Corp's stock price down 18% in one day, bringing it to a 56% loss for the year. Profits were down 60% for the quarter, and EPS turned negative. The company also lowered 2012 revenue forcasts by 9%-27%.Press release
    Rubicon Technology, Inc. (RBCN)More Info
    Despite improved earnings, disappointing guidance from Rubicon hit its stock price. Revenues and profits were up for the quarter, and EPS turned positive. 2012 4th quarter guidance, however, projected a negative EPS. This projected EPS is below the consensus analysts' estimate, which expected EPS to be slightly positive in the 4th quarter. The stock price is down 25% for the quarter and 43% for the year on the news.Press release

    STOCK ALERT SECTORS

    IMPORTANT INFORMATION

    Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article.

    It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CDXS, MGA, MYRG, PANL, RBCN
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